Stellantis swings to profit on rising demand in North America
CNBC • • business
Key Points:
- Stellantis reported a second-quarter net profit of 293 million euros ($335.3 million), reversing a loss of 1.87 billion euros from the same period last year, driven by increased demand in North America.
- Adjusted operating income more than tripled to 773 million euros, though it fell short of the Reuters analyst consensus estimate of 914 million euros.
- Despite the positive earnings, Stellantis shares dropped sharply by over 8% before partially recovering, ending down around 5% in Milan trading.
- CEO Antonio Filosa highlighted progress across all regions and expressed confidence in meeting the company’s 2026 financial targets, citing the ongoing FaSTLAne 2030 strategy and timely new product launches.
