Stellantis expects gradual recovery in second half and more ‘tough decisions'
The group also forecast an improved industrial free cash flow performance in the second half compared with the first six months of the year, when it burned cash for €3bn (R62.12bn ) .
"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," said new CEO Antonio Filosa.
Stellantis said its forecasts for the second half were based on tariff rules in place as of Tuesday and estimated an overall tariff impact for 2025 of about €1.5bn (R31.07bn ) , including €300m (R6.21bn ) incurred in the first half.
For the first half, the maker of Jeep, Fiat and Peugeot cars broadly confirmed preliminary figures it released last week. They include: a 13% drop in net revenues to €74.3bn (R1.54-trillion );
an adjusted operating income margin of 0.7%; and
a net loss of €2.3bn (R47.66bn ) .
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