Stellantis beats estimates in first quarter as operating income tops $1 bln

MILAN, April 30 (Reuters) – Stellantis said on Thursday its adjusted operating income almost tripled in the first quarter of this year, beating estimates, supported by sales growth in all regions, especially ​in the key North American market.

Adjusted earnings before interest and taxes (EBIT) at ​the Franco-Italian automaker stood at 960 million euros ($1.12 billion) in the ⁠January-March period, versus an analyst consensus of 568 million euros in a ​Reuters poll.

“The products we launched in 2025 have been well received and we’re ​confident that the 10 new vehicles planned for 2026 will build on this momentum,” CEO Antonio Filosa said in a statement.

Filosa is due to unveil the group’s new long term business ​plan on May 21.

In the first quarter of last year, adjusted EBIT ​amounted to 327 million euros, Stellantis said.

It is the first time that Stellantis reports quarterly profit data since its creation ‌in ⁠early 2021 through the merger of Fiat Chrysler and Peugeot maker PSA. The company previously only reported profit data every six months.

Following a U.S. Supreme Court ruling in February that struck down some of President Donald Trump’s tariffs, Stellantis booked a ​positive impact of ​around 400 million ⁠euros in the first quarter, based on expected refunds.

Earlier this week rivals General Motors and Ford reported expected tariff refunds of $500 million ​and $1.3 billion respectively.

Stellantis – which in February announced charges for over 22 ​billion euros ⁠linked to a scaling-back pf its electric-vehicle ambitions – on Thursday confirmed its previously-provided forecasts for 2026.

They include a mid-single digit percentage increase in net revenues and a ⁠low-single ​digit adjusted operating income margin. Industrial free cash ​flows are seen to turn positive only next year, although improving compared to 2025.