Stellantis Accelerates on Filosa’s Turnaround: H1 Earnings Preview

Stellantis’s CEO Antonio Filosa’s five‑year €60 billion strategy focuses on Ram, Jeep, Peugeot and Fiat, aiming for a low‑single‑digit operating margin in 2026 and positive free cash flow by 2027.

Filosa’s Targets: Cash Flow Turnaround by 2026

■Forecasted €80.71 bn revenue (≈$91.82 bn), up 9 % YoY

■Adjusted EPS €0.35 (≈$0.40)

■Adjusted operating income €1.42 bn (≈$1.62 bn) – triple last year’s €540 m

■Mid‑single‑digit revenue growth and low‑single‑digit margin in 2026

H1 Financial Outlook: Record Gains

■Q1 shipments 1.6 m units, +10 % YoY

■North America +38 %, Europe +5 %

■Middle East & Africa down -4 % (Iran war impact)

■South America down -7 % (Argentina economic slowdown)

Market Dynamics: Regional Mix & Product Investment

■€36 bn earmarked for brands/products, 60 % to North America

■Plan to launch 7 new products under $40k by 2030

■Sales lift from Ram 1500, TRX SRT, Jeep Grand Wagoneer/Grand Cherokee, and Chrysler Pacifica

Strategic Partnerships: Entry into China

■51 % stake in Leapmotor for European vehicles

■Collaboration with Dongfeng for Chinese market

Investor Focus Points

■Ford and GM raise profit forecasts, intensifying competitive pressure

■FaSTLAne 2030 allocates 70 % of investment to four “global” brands

■Positive free cash flow target by 2027

Dr. Yaman Ege: Stellantis’s focus on low‑priced models in North America will sharpen its competitive edge, yet geopolitical tensions and its China partnerships will continue to test supply‑chain resilience in the long run.