Unaudited Primary Indicators for the First Half of 2025, as Revealed by Stellantis
Stellantis N.V. Reports Preliminary Financial Results for H1 2025
Stellantis N.V. has published preliminary and unaudited financial information for the First Half of 2025, revealing a challenging period for the automotive giant. The company reported a net loss of €2.3 billion, a 13% decline in revenues, and a 6% year-over-year drop in global shipments to approximately 1.4 million units.
The key factors affecting Stellantis' financial performance and global consolidated shipments include high tariff costs, significant restructuring and program cancellation charges, and weak sales and production in North America and Europe.
The early effects of US tariffs resulted in €0.3 billion of net tariffs incurred and loss of planned production related to the company's response plan. Stellantis is also managing approximately €3.3 billion of pre-tax net charges related to program cancellations, platform impairments, restructuring, and changes in regulations.
Regionally, shipments fell 23% in North America due to reduced production of imported vehicles affected by tariffs, lower fleet sales, and discontinued models. This led to a 26% revenue decline there. Europe experienced a 7% shipment decline and a 2% revenue reduction mainly due to slower ramp-up of new B-segment vehicles despite gains in some Fiat, Peugeot, and Jeep models. South America showed growth, partially offsetting losses elsewhere.
Across Stellantis' other regions, shipments grew 71 thousand units in aggregate, representing a 22% increase y-o-y. In Enlarged Europe, Q2 shipments declined approximately 50 thousand units, representing a 6% y-o-y decline, due primarily to product transition factors.
In North America, Q2 shipments declined approximately 109 thousand units compared to the same period in 2024, representing a 25% y-o-y decline.
Stellantis' new leadership under CEO Antonio Filosa is forming a recovery strategy, including 10 new model launches planned for 2025 and rationalizing the portfolio by ending unprofitable programs such as hydrogen fuel-cell light commercial vehicles. The second half of 2025 is expected to show improved net revenues, operating margins, and cash flow, assuming tariffs remain stable.
Other risks include changes in local economic and political conditions, changes in trade policy, the impact of increasingly stringent regulations regarding fuel efficiency requirements and reduced greenhouse gas and tailpipe emissions, material operating expenditures in relation to compliance with environmental, health, and safety regulations, and earthquakes or other disasters.
Stellantis' results in the first half of 2025 were also impacted by higher industrial costs, geographic and other mix factors, and changes in foreign exchange rates. The company's ability to access funding to execute its business plan and realize anticipated benefits from joint venture arrangements are also potential risks.
Stellantis disclaims any obligation to update or revise publicly forward-looking statements. The forward-looking statements in this communication are subject to inherent risks and uncertainties. Further information concerning Stellantis and its businesses, including factors that could materially affect Stellantis' financial results, is included in Stellantis' reports and filings with the U.S. Securities and Exchange Commission and AFM.
Stellantis N.V. will host a conference call on Monday, July 21, at 8:30 a.m. EDT / 2:30 p.m. CEST to discuss the preliminary first half of 2025 financial figures and answer analyst questions. The conference call dial-in is available in the Investors section of the Company's website (www.our website).
[1] Stellantis N.V. Press Release, H1 2025 Results, July 2025. [2] Stellantis N.V. Investor Presentation, H1 2025 Results, July 2025. [3] Stellantis N.V. Earnings Call Transcript, H1 2025 Results, July 2025. [4] Stellantis N.V. Filing with U.S. Securities and Exchange Commission, H1 2025 Results, July 2025.
The financial results for Stellantis N.V. in H1 2025 reveal a significant decline in the industry, as the company reported a net loss and a decrease in revenues. This challenging period for the automotive giant might be improved in the second half of 2025 with the launch of new electric vehicles, assuming tariffs remain stable.
The financial performance of Stellantis N.V. is closely tied to the business of electric vehicles, as the company announced plans to end unprofitable programs such as hydrogen fuel-cell light commercial vehicles and launch 10 new electric models.
