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Stellantis confirmed on Tuesday a net loss of 2.3 billion euros in the first half, attributable in particular to the cancellation of programs as part of its recovery plan which will require other “difficult decisions”, warned its new director general.
“Our new management team, aware of the challenges to be met, will continue to make the difficult decisions that are necessary to restore profitable growth and significantly improve the results,” said Antonio Filosa, who succeeded Carlos Tavares, who left suddenly at the end of 2024 after disagreements with the main shareholders on the way of facing the degradation of the group’s performance.
Stellantis, for example, brutally ended its hydrogen vehicle program and undertakes a redesign of its supply of engines, with the return to the RAM brand of a V8 dear to American consumers.
A sign of a confidence found, Stellantis returned to financial forecasts for the rest of 2025 when he had suspended them in April due to the uncertainties linked to American customs duties.
Stellantis thus targets growth in its turnover compared to the first semester, where it came down by 13% over a year but up compared to the second half of 2024.
The adjusted operating margin is expected at the bottom of a fork to a figure (0.7% in the first half against 10% a year earlier) and free cash flows should experience sequential improvement, after a hemorrhage of three billion euros over the first six months of the year.
“Stellantis has reintroduced a vague forecast that could disappoint,” comments Philippe Houchois, analyst at Jefferies, who awaits additional details during the 2:00 p.m. teleconference (12:00 GMT).
The action Stellantis opened on the Milan Stock Exchange, then dug its losses at -4.5% around 8:00 am GMT.
1.5 billion right customs impact
The automaker born from the merger between PSA and FCA estimated Tuesday that the total impact of American customs duties would reach 1.5 billion euros over the entire year, including 300 million in the first half.
This amount corresponds to the top of the range of 1 to 1.5 billion communicated by the group last week.
The 14 brands group had published preliminary half -yearly results on July 21. Although strongly decreases compared to the identical period of 2024, before the group’s difficulties have fun in broad daylight, they reflect a sequential upturn compared to the second half of last year.
“My first weeks as director general strengthened my deep conviction that we are going to restore what is wrong with Stellantis by capitalizing on everything that goes well with Stellantis,” said Antonio Filosa.
“2025 turns out to be a difficult year, but also a year of progressive improvement.”
Stellantis intends to rely this year on a program nourished by 10 new models, including three important cars programmed after summer: the Jeep Compass, the Citroën C5 Aircross and the DS n ° 8.
(Gilles Guillaume report, edited by Blandine Hénault)
