Corre Stellantis, registrations in Europe do better than the market

(Il Sole 24 Ore Radiocor) - Brilliant session for Stellantis, which at Piazza Affari is among the best of the Ftse Mib , on the wings of the group's registrations in Europe, which surprised on the positive side. However, the stock is down 30% in 2026 and 46.5% in the last year (in February 2025 it was trading above EUR 13).

The registration numbers 'are positive news for Stellantis, showing that the models recently reintroduced in Europe are receiving a favourable reception from customers,' Banca Akros analysts point out. In fact, while the market as a whole started 2026 on a lower note, Stellantis moved against the trend and, as Equita analysts point out, "outperformed the market, with Fiat (+24.6% to 29,415 units), Citroen (+14% to 31,039) and Opel/Vauxhall (+12.7% to 32,054) recovering, benefiting from the first effects of the introduction of the new models". The figure, the experts add, "is above the sales growth guidance for the year 2026 mid-single digit, which in any case in Europe has to discount a negative price effect".

According to Acea data, 961,382 cars were registered in Europe (Eu27+Efta+Uk), down 3.5% compared to the same month in 2025, while in the EU alone, the decline was 3.9% to 799,625 units. Conversely, Stellantis in January recorded +6.7% to 164,436 units in the EU27+Efta+UK region, with themarket share rising to 17.1% from 15.5%. In the EU alone, registrations totalled 145,750, up 9.1% from the same month a year earlier, with market share rising to 18.2% from 16.1%. The January result "is the result of important work done in individual European markets, including Italy in particular, where the group last month grew almost twice as fast as the entire domestic market," commented a Stellantis Italia spokesperson, pointing out that "Fiat, in particular, was the Stellantis brand that posted the highest growth in volumes in both Italia and Europe.

According to Intermonte, moreover, "the January figure is positive and consistent with what the main European countries had already reported at the beginning of the month (Stellantis +3%, market -4%, including light commercial vehicles), and confirms the very positive performance of the passenger car segment". The figure 'represents a good start to the year for Stellantis in sell-out terms, and compares with our 8% growth estimate for Europe,' they added.

The European car registration figures, which precede the Italian ones in February (they will be released by MIT on 2 March), come just ahead of the accounts for the fourth quarter and the whole of 2025, which, as the company has already predicted, will be heavily impacted bycharges of around EUR 22.2 billion, excluded from the adjusted operating result (Aoi), with cash outflows expected to be around EUR 6.5 billion over the next four years from this amount. These write-downs could lead the company to end the year in the red (for the second half of the year the company expects a loss of between EUR 19 and 21 billion, with net revenues of between EUR 78 and 80 billion), but, as the company explained, they are 'a continuation of the decisive transformations implemented by Stellantis in 2025, which are already producing the first tangible benefits, including a return to growing volumes and net revenues in the second half of 2025, increased orders from customers and the network, and improvements in initial quality indicators'.