Stellantis, revenues grow again in the quarter. 2025 estimates confirmed
Turnover up 13% year-on-year to EUR 37.2 billion, driven by growth in North America, Emea and Africa. 'Investment in US strategic'
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Stellantis' revenues returned to growth in the third quarter with a year-on-year increase of 13% to EUR 37.2 billion, driven mainly by growth in North America, Wider Europe and the Middle East and Africa, while South America recorded a moderate decline. In the first nine months of the year, revenues fell by 6% to EUR 111.5 billion, according to the figures for the period released by the company, which, as usual for the third quarter, gave no indication of net profit (in the second quarter net loss EUR 2.256 billion).
Sales Progress
Nel trimestre, le vendite globali sono aumentate del 4% rispetto all’anno precedente, grazie alla crescita delle regioni Medio Oriente e Africa, Nord America ed Europa allargata. In particolare, lo slancio delle vendite negli Stati Uniti è migliorato, con un aumento del 6% nel terzo trimestre rispetto all’anno precedente. Le giacenze totali di 1,252 milioni di unità (stock di proprietà di 363.000 unità) al 30 settembre, +4% rispetto a fine giugno, «con una gestione disciplinata delle scorte combinata al lancio di diversi nuovi modelli». Inoltre, come anticipato il 10 ottobre, le consegne consolidate ammontano a 1,3 milioni di unità, con un aumento del 13% rispetto all’anno precedente (152.000 unità in più). Di questa crescita, 104.000 unità si riferiscono al Nord America, soprattutto per la stabilizzazione delle dinamiche degli stock rispetto all’anno precedente, caratterizzate dall’iniziativa di riduzione delle scorte presso i concessionari statunitensi.
Stellantis reported that commercial growth is continuing, evidenced by the launch of 6 of the 10 new products planned for 2025 by the end of the third quarter, the return of the Ram 1500 with a 5.7-litre Hemi V-8 engine, and the growth of business related to the newly introduced European models.
Filosa: 'Encouraging and positive progress'
As Stellantis continues "to implement important strategic changes to offer our customers greater freedom of choice, the third quarter showed positive sequential progress and solid year-on-year performance, with a return to revenue growth," Stellantis CEO Antonio Filosa said, commenting on the third quarter numbers and emphasising that "this is an encouraging result and we continue to build on this progress." The company is also "taking decisive action to align Stellantis' resources, programmes and plans to support long-term profitable growth, including our recent announcement on the $13 billion investment in the US," Filosa said.
The estimates
Along with the third quarter numbers, Stellantis confirmed its guidance for the second half of the year. At the end of the first half of the year, the company had reintroduced its guidance for 2025, which had been suspended in April due to the tariffs chaos. As confirmed today, the company "reaffirms its financial guidance for the second half of 2025, which forecasts an improvement in net revenue, Aoi (adjusted operating profit) margin and net industrial cash flow". Specifically, revenue is expected to increase compared to the first half, Aoi margin is expected to be "low single digit" and industrial free cash flow is seen to improve compared to the first half.
