Financial guidance recovery

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Jeep maker Stellantis reinstates financial guidance but flags 'tough decisions' ahead
CNBCยท 2025-07-29 07:37
Core Insights - Stellantis has reinstated its financial guidance and anticipates a gradual recovery in the coming months despite reporting a significant net loss in the first half of the year [1][3][4] Financial Performance - The company reported a first-half net loss of 2.3 billion euros ($2.65 billion), a stark contrast to a net profit of 5.6 billion euros in the same period of 2024 [1][2] - First-half net revenues were 74.3 billion euros, reflecting a 13% year-on-year decline, primarily due to decreases in North America and other regions [2] Future Outlook - Stellantis expects increased net revenues, low-single-digit adjusted operating income profitability, and improved industrial free cash flow in the second half of the year [3] - The CEO emphasized the importance of leveraging the strengths and ideas of the workforce to address current challenges and improve results [4][5]