The group’s accounts in the first three months of 2026 are positive. Anticipation is growing for the presentation of the industrial plan on May 21st. Filosa: “In the USA we expect to improve margins”
Stellantis returns, under the leadership of Antonio Filosa, to profitability in the first quarter of the year and confirms the financial estimates for the whole of 2026 with a positive cash flow in 2027. “The first quarter accounts reflect the results of the actions undertaken to bring the group back to a sustainable and profitable growth path. We expect to improve margins in the USA quarter after quarter, starting from the next” explains the CEO who will present the new plan on May 21st in Detroit, in the headquarters of Auburn Hills. “The products launched in 2025 have been well received and we are confident that the 10 new vehicles planned for 2026 will allow us to consolidate this momentum” underlines the manager.
accounts from January to March
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The results of the first three months were positively affected by the Filosa treatment: net profit improved to 400 million euros, thanks above all to the growth in volumes and the strengthening of operating performance. Adjusted operating profit was 1 billion and net revenues rose to 38.1 billion euros, recording an increase of 6% compared to the same period in 2025. Volumes grew in all regions, with North America playing the main driving role.
the brands
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While waiting for the new plan, Filosa gives some indications on the path that Stellantis intends to follow: growth in volumes in Europe, gradual recovery in North America, defense of the group’s brands and pragmatic openness to partnerships with Chinese manufacturers, starting from the agreement with Leapmotor, launched in the autumn of 2023 (Stellantis holds 20% of the company’s shares). “The partnership is giving great results for both parties, we are also thinking about industrial collaborations. Leapmotor is growing and is not cannibalizing other Stellantis brands. In the markets where it is growing the most, such as the United Kingdom, we do not see any overlap” explains Filosa who considers the plurality of brands – 14 in total – a strong point of the group. “They have history and tradition like Fiat in Italy, Peugeot and Citroen in France, Jeep, Ram, Dodge and Chrysler in the USA. They are our main asset also from an emotional point of view” underlines the CEO of Stellantis who ensures for Maserati “a solid plan that will be revealed in Detroit”. In Europe, thanks to the increase in sales and market share, the use of production capacity is “increasing”, but maximum attention is paid to efficiency. As for the war in the Middle East “it is an external factor that already has impacts on the entire automotive industry. If it were to continue – observes Filosa – it could have effects on inflation and raw materials”. Stellantis responds with greater attention to costs and industrial resilience. In the USA, meanwhile, the Supreme Court ruling in February, which canceled some of the Trump administration’s tariffs, made it possible to predict a positive effect of around 400 million euros for the group based on the expected reimbursements, reducing the estimate of the impact of the tariffs to 1.3 billion.
