A new Jeep Wrangler 4-Door Sahara 4×4 vehicle displayed for sale at a Stellantis NV dealership in Miami, Florida, US, on Saturday, April 5, 2025.
Eva Marie Uzcategui | Bloomberg | Getty Images
Auto giant Stellantis on Tuesday reinstated its financial guidance and touted a gradual recovery over the coming months.
Stellantis, which owns household names including Jeep, Dodge, Fiat, Chrysler and Peugeot, reported a first-half net loss of 2.3 billion euros ($2.65 billion), compared to a net profit of 5.6 billion euros over the same period in 2024.
The multinational conglomerate had flagged the first-half loss in a surprise trading update last week, saying at the time that the move was necessary due to the difference between consensus forecasts and the firm’s performance.
Stellantis also posted first-half net revenues of 74.3 billion euros, reflecting a 13% year-on-year drop, primarily driven by annual declines in North America, among other regions.
Looking ahead, the company re-established financial guidance for the second half. It expects to see increased net revenues, low-single-digit adjusted operating income profitability and improved industrial free cash flow over the coming months.
“My first weeks as CEO have reconfirmed my strong conviction that we will fix what’s wrong in Stellantis by capitalizing on everything that’s right in Stellantis – starting from the strength, energy and ideas of our people, combined with the great new products we are now bringing to market,” Stellantis CEO Antonio Filosa said in a statement.
“2025 is turning out to be a tough year, but also one of gradual improvement,” Filosa said.
“Our new leadership team, while realistic about the challenges, will continue making the tough decisions needed to re-establish profitable growth and significantly improved results,” he added.
Milan-listed shares of Stellantis traded 4.5% lower during early morning deals.