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Ottaviani Serge
Based on initial figures from the company, its net loss for January to June is projected to be €2.3 billion, down from a net profit of €5.6 billion during the same timeframe last year.
The firm projects revenue for the half-year at €74.3 billion, down from €85 billion a year prior.
Analysts polled by Visible Alpha predict net profit will be €1.19 billion with total revenue of €74.93 billion.
Stellantis reported that its six-month results involved €3.3 billion in costs, which encompassed program reductions, restructuring, and the forgiveness of penalties for firms whose vehicles fail to comply with fuel efficiency standards.
Earlier this year, Stellantis retracted its forecast for the current financial year due to challenges in estimating the effects of US tariffs on different imports, such as vehicles.
The business assesses the adverse effects of the US tariffs and the actions implemented by Stellantis related to them to be €300 million.
The firm is set to release its definitive half-year results on July 29.
source: marketwatch.com
The firm projects revenue for the half-year at €74.3 billion, down from €85 billion a year prior.
Analysts polled by Visible Alpha predict net profit will be €1.19 billion with total revenue of €74.93 billion.
Stellantis reported that its six-month results involved €3.3 billion in costs, which encompassed program reductions, restructuring, and the forgiveness of penalties for firms whose vehicles fail to comply with fuel efficiency standards.
Earlier this year, Stellantis retracted its forecast for the current financial year due to challenges in estimating the effects of US tariffs on different imports, such as vehicles.
The business assesses the adverse effects of the US tariffs and the actions implemented by Stellantis related to them to be €300 million.
The firm is set to release its definitive half-year results on July 29.
source: marketwatch.com
