Stellantis snaps after global deliveries exceed forecasts

(Il Sole 24 Ore Radiocor) - Stellantis snaps up Piazza Affari and rises to the top of the FTSE MIB , after consolidated first-quarter delivery estimates, which were up across all regions, thanks mainly to Enlarged Europe and North America, and above analysts' forecasts. The share price gained more than 3 points to a high for the day of EUR 7.24, a level not seen since 5 February. The shares are thus looking for a recovery, as they are down 24.46% so far in 2026.

"The figures are above estimates. The solid delivery numbers highlight the strong momentum of the recently unveiled models, supporting Stellantis' new strategies aimed at recovering volumes and market share in its key regions (North America and Europe) in order to restore profitability," say analysts at Banca Akros, who confirm their 'buy' recommendation and €10 target price.

Stellantis saw deliveries grow in the first quarter, with a year-on-year increase also in the Middle East Africa and South America. Specifically, in the January-March period, deliveries grew globally by 12% compared to the same period last year to around 1.4 million units (1.361 million to be precise). In North America they are estimated to be up 17% to 379,000 units and in Wider Europe up 12% to 637,000 units, with the increase in volumes for passenger vehicles attributable to new launches. The Middle East and Africa are seen up 11% to 111,000 units, South America up 4% to 219,000 units, and Asia Pacific up 15% to 15,000 units.

"The figures are slightly higher than our expectations and we consider themconsistent with our estimates and guidance for the year, pending the full contribution of new launches, especially in North America starting in the second quarter, and a lesser negative impact from foreign exchange," Intermonte analysts add.

Awaiting the first-quarter accounts, due on 30 April, and, above all, the new industrial plan, which will be presented on 21 May in Detroit when 'clear priorities, credible objectives and a targeted roadmap for their implementation' will be presented, the company's top management is optimistic and convinced that the path taken, with a total reset of activities, is the right one.