Unverified Preliminary Results Revealed: Stellantis's Critical Financial Statistics for the Initial Half of 2025
Stellantis N.V., a leading global automaker, has published preliminary and unaudited financial information for the First Half of 2025. The company's financial results were impacted by various factors, including higher industrial costs, geographic and other mix factors, changes in foreign exchange rates, and the early effects of US tariffs.
North American Market Impact
The North American market faced significant challenges in Q2 2025, with shipments declining approximately 109 thousand units compared to the same period in 2024. This represented a 25% year-over-year decline. The decline was mainly due to reduced manufacture and shipments of imported vehicles heavily affected by U.S. import tariffs, and lower fleet channel sales. The tariffs caused production pauses early in the quarter, contributing significantly to the shipment decrease in this region.
European Market Transition
Enlarged Europe also experienced a decline in shipments, with approximately 50 thousand units fewer units shipped compared to the same period last year, representing a 6% year-over-year decrease. The decline was primarily due to product transition factors. The recent launch of the “Smart Car” platform B-segment vehicles is still ramping up to full production levels. Furthermore, the previous year’s shipments included the Fiat 500 ICE, which saw a hiatus pending the arrival of its mild-hybrid successor, causing lower year-over-year comparison figures. However, shipments of the four Smart Cars increased 45% sequentially compared to Q1 2025 (about 25,000 units), indicating some recovery within the quarter.
Additional Financial Pressures
Apart from shipment volume declines, Stellantis reported increased industrial costs and restructuring efforts, as well as significant pre-tax charges of €3.3 billion related to program cancellations and platform impairments. These factors further impacted the company's performance and profitability.
Stellantis CFO Doug Ostermann 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 details can be found in the Investors section of the Company's website.
Despite these challenges, Stellantis expects new products to deliver larger benefits in the Second Half of 2025 as part of actions to improve performance and profitability.
[1] Stellantis N.V. preliminary financial data for the First Half 2025 includes approximately €3.3 billion of pre-tax net charges. [2] The early effects of US tariffs resulted in €0.3 billion of net tariffs incurred and loss of planned production related to the implementation of the Company's response plan. [3] The results in the first half of 2025 were negatively impacted by higher industrial costs, geographic and other mix factors, and changes in foreign exchange rates. [4] The charges are primarily related to program cancellation costs, platform impairments, the recent legislation eliminating the CAFE penalty rate, and restructuring.
- The electric vehicle industry, which Stellantis is a part of, may face additional financial pressures as the company reported increased industrial costs and significant pre-tax charges of €3.3 billion related to program cancellations, platform impairments, and restructuring.
- Despite the financial challenges faced by Stellantis in the First Half of 2025, due to factors such as increased industrial costs, changes in foreign exchange rates, and the early effects of US tariffs, the company expects positive business growth in the Second Half of 2025, with new products expected to deliver larger benefits as part of actions to improve performance and profitability.
