Stellantis shares fall despite €293m quarterly profit

Stellantis shares fell almost six percent in early trading in Paris on Thursday after the Fiat and Jeep maker said it returned to profit in the March-to-June period.

The US-French-Italian carmaker posted net profit of 293 million euros, or $335 million, compared with a loss of 1.9 billion euros in the same period a year earlier.

Stellantis said sales rose 13 percent year on year to 43.5 billion euros for March to June.

Chief executive Antonio Filosa said the quarter was marked by continued progress, led by North America and supported by contributions from other regions. He said the company improved performance across key financial measures, including net revenue and operating income.

Stellantis, whose 14 brands include Fiat, Opel, Citroen, Peugeot and Jeep, estimated the net impact of tariffs at between one billion and 1.2 billion euros this year.

Filosa, brought in last year to put the automaker on stronger financial ground, unveiled a strategic plan in May aimed at a turnaround after large losses in the 2025 financial year. The five-year plan focuses mainly on North America and includes 60 billion euros of investment combined with capacity cuts in Europe.