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<Results> Stellantis Swings to EUR377 million Profit in 1Q
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Stellantis swung to a profit of EUR377 million in 1Q, compared with a loss of EUR387 million in the same period last year, mainly driven by rising demand in the N America market for new Jeep and Ram models. Revenue increased 6% to EUR38.1 billion. Stellantis reaffirmed its full-year guidance, expecting improvements this year in revenue, adjusted operating margin and industrial free cash flow. In addition, Chief Executive Officer Antonio Filosa is completing a review of the groups global operations and will present the assessment to investors on May 21. (mn/w) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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