Stellantis (NYSE:STLA) reported its first increase in quarterly revenue after seven consecutive declines, signaling early signs of progress in CEO Antonio Filosa’s efforts to reshape and revitalize the automaker. However, shares slipped more than 4% in early Thursday trading after analysts pointed to potential second-half charges that could weigh on results.
Filosa, who now leads the group behind brands such as Jeep and Fiat, has been focused on repositioning Stellantis to reinvigorate sales and reduce excess vehicle inventories, particularly in North America. The company also plans to invest $13 billion over the next four years to strengthen U.S. manufacturing, a move seen as part of its strategy to navigate President Donald Trump’s new tariff policies, which are expected to cost the company about €1 billion in 2025. This estimate is below the prior projection of €1–1.5 billion.
For the quarter ended in September, Stellantis reported net revenue of €37.2 billion, up 13% from a year earlier, driven by solid performance in its European and North American markets. The figure was broadly in line with analysts’ expectations, according to Reuters. Consolidated shipments also rose 13% to 1.3 million vehicles, supported by improved dealer inventory levels in North America.
Analysts at Jefferies cautioned that the automaker plans to record upcoming charges tied to strategic initiatives and product development, as well as “more concerning” adjustments to its warranty calculations.
Despite these factors, Stellantis reaffirmed its guidance for higher revenue and cash flow in the second half of the year, along with a low single-digit adjusted operating margin. “We are also taking decisive actions to align Stellantis’ resources, programs and plans to support long-term, profitable growth,” Filosa said in a statement.
Milan-listed shares of Stellantis were down more than 4% following the announcement.