MILAN, July 30 (Reuters) - Stellantis said on Thursday its operating income more than tripled in the second quarter, driven by strong revenue growth in North America, helping the automaker generate €1 billion ($1.15 billion) in industrial free cash flows.
The figures suggest the Fiat-to-Jeep maker is starting to benefit from CEO Antonio Filosa's push to revive sales after a prolonged downturn, which led to the ousting of his predecessor Carlos Tavares in late 2024 and to around €22 billion in charges
earlier this year.
Filosa has focused on restoring volumes and regaining market share, betting that a sales recovery would lay the groundwork for a broader turnaround of the group.
NORTH AMERICA UP, EUROPE FLAT
Adjusted earnings before interest and taxes (EBIT) amounted to €773 million in the April to June period, from €213 million a year earlier, the French-Italian manufacturer said on Thursday.
That was below an analyst consensus from a Reuters poll of €914 million.
Second-quarter revenues rose 13% year-on-year, to €43.48 billion, with a 32% increase in North America, but with zero growth in Enlarged Europe, the automaker's other main market.
INDUSTRIAL FREE CASH FLOW GENERATION EXPECTED IN 2027
The company, which in May unveiled a new long term business plan focused on new models, partnerships in manufacturing and technology and a more disciplined capital allocation, confirmed its full-year forecasts.
They include a mid-single-digit net revenue growth and a low-single-digit adjusted operating income margin in 2026, as well as expected positive industrial free cash flows in 2027.
Stellantis said it expected US tariff costs for 2026 to total €1-1.2 billion, and warned that its second half performance would be skewed towards the fourth quarter following a planned production shutdown during the summer.
($1 = 0.8732 euros)
(Reporting by Giulio Piovaccari in Milan and Gilles Guillaume in Paris; writing by Giulio Piovaccari; editing by Alvise Armellini)
