Stellantis shares leap on bullish cost cuts and cash flow comments
STLA•Stellantis said it expects to exceed its €6 billion cost-saving target by 2028 and reaffirmed its goal of returning to positive cash flow in 2027. Third-quarter adjusted EBIT rose to €256 million from €90 million a year earlier, while industrial cash outflow was €4 billion.
1. Cost-saving outlook
Stellantis said it was confident of exceeding its €6 billion cost-saving target by 2028. Finance chief Joao Laranjo said additional savings would reach hundreds of millions of euros in the fourth quarter. CEO Antonio Filosa said cost savings, new model launches, price stabilisation and quality improvements would support the company through 2027.
2. Cash flow and results
Filosa reaffirmed the company’s target of returning to positive cash flow in 2027, calling it a “must have.” Stellantis reported third-quarter adjusted earnings before interest and taxes of €256 million, up from €90 million a year earlier and above the €191 million Reuters poll consensus. Industrial cash outflow was €4 billion, and revenue was broadly unchanged at €37.6 billion.
3. Shares and regional revenue
Stellantis shares in Milan rose 14.3% at 1430 GMT. Revenue increased slightly in Europe and South America and declined 3% in North America.
