Stellantis reduced its third-quarter net loss to 453 million euros as adjusted operating profitability improved. Revenue edged higher, but vehicle shipments declined and industrial free cash flow remained negative. Management retained its annual guidance and still expects the industrial business to generate cash next year, after the latest quarterly outflow.
Automaker Stellantis reduced its net loss in the third quarter while continuing to report negative industrial free cash flow.[1], [2]
Revenue increased 1 per cent to 37.611 billion euros. Its net loss narrowed to 453 million euros from 4.532 billion euros in the same quarter a year earlier, when major charges affected the comparison.[1]
Adjusted operating profit reached 256 million euros, up from 90 million euros. Its share of revenue increased from 0.2 per cent to 0.7 per cent. Enlarged Europe was the only region with a negative adjusted operating margin. Consolidated vehicle shipments declined 1 per cent to 1,286,000 vehicles during the quarter, although nine-month shipments rose 7 per cent to 4,244,000 vehicles.[1]
Industrial free cash outflow was 4.009 billion euros for the quarter, against 4.304 billion euros a year earlier. Available industrial liquidity stood at 42.7 billion euros, or 26 per cent of trailing annual revenue, within its 25–30 per cent target range. Management retained its annual guidance and reiterated its expectation of positive industrial free cash flow in 2027.[1]
