# Stellantis Reports Decline in Q1 2025 Revenues and Shipments

		Q1 2025		Q1 2024		Change
Combined shipments (000 units)		1,233		1,371		(10)%
Consolidated shipments (000 units)		1,217		1,335		(9)%
Net revenues (€ billion)		35.8		41.7		(14)%

____________________________________________________________________________________________________________________________________

All reported data is unaudited. Reference should be made to the section “Safe Harbor Statement” included elsewhere within this document.

AMSTERDAM, April 30, 2025 – Stellantis N.V. disclosed its Q1 2025 results today, revealing net revenues of €35.8 billion, reflecting a 14% drop compared to Q1 2024. This reduction stemmed from decreased volume, an adverse regional mix, and price normalization. For the quarter ending March 31, 2025, consolidated shipments reached 1,217 thousand units, representing a 9% decline from the previous year. The decrease in shipments was largely attributed to lower production in North America, caused by an extended holiday downtime in January, along with product transitions and decreased light commercial vehicle (LCV) volumes in Enlarged Europe.

Update on Commercial Recovery Actions

• In Q1 2025, Stellantis introduced three all-new products for the year:
  the Fiat Grande Panda, Opel/Vauxhall Frontera, and Citroën C3 Aircross. Additionally, refreshed models such as the Opel/Vauxhall Mokka, Ram 2500 HD, and Ram 3500 HD became available.
• Stellantis reported an EU30 market share of 17.3% in Q1 2025,
  an increase of 1.9 percentage points from Q4 2024. This improvement was driven by the ramp-up and expanded availability of the Citroën C3/ëC3, Peugeot 5008, and Opel/Vauxhall Grandland, which launched in late 2024. The launch of the Citroën C3 Aircross, Opel/Vauxhall Frontera, and Fiat Grande Panda presents opportunities to boost shipments of B-segment vehicles in the upcoming quarters.

Moreover, Stellantis emerged as the leader in the hybrid segment in Q1 2025.

# Stellantis Reports Strong Growth Amid Shifting Market Dynamics

## Market Position and Sales Growth

Stellantis has regained its position as the second-largest player in the battery electric vehicle (BEV) market, now holding market shares of 15.5% and 13.0%. In the U.S., retail sales showed strong performance with over a 10% year-over-year increase in models like the Jeep® Grand Cherokee and Compass, as well as the Ram 1500 and 2500.

Further growth is anticipated due to the increased availability of certain light-duty truck trims and the successful introduction of refreshed heavy-duty truck models. Notably, new retail orders surged by 82% in March 2025 compared to March 2024, marking the highest monthly figures since June 2023.

## Revenue Performance in South America

In South America, Stellantis maintained a leading market position, with a market share of 23.8%. This represents a 1.5 percentage point increase from Q4 2024, driven by improved brand performance in Brazil, Chile, and particularly Argentina, where the market is recovering from eased import restrictions. The Middle East and Africa region, while facing challenges from import restrictions, continues to prioritize localization efforts aimed at enhancing sales volumes in the medium term.

## Strategic Responses to Tariff Actions

To safeguard its interests, Stellantis is actively engaging with governments regarding tariff actions. The company is adjusting production plans and exploring opportunities for better sourcing to navigate the evolving regulatory environment.

## Innovations Shaping the Future

Stellantis is advancing its technology initiatives with the introduction of STLA AutoDrive 1.0, their proprietary automated driving system, which boasts Hands-Free and Eyes-Off (SAE Level 3) capabilities. This system supports automated driving up to 60 km/h (37 mph) and is integral to Stellantis’ broader technology strategy, including STLA Brain and STLA SmartCockpit, aimed at enhancing vehicle intelligence and user experience.

Additionally, Stellantis has strengthened its partnership with Mistral AI. This collaboration aims to enhance vehicle development and manufacturing, including the creation of an AI-powered in-car assistant that allows drivers to interact with their vehicles using natural language.

## Upcoming Events

Stellantis will report its First Half 2025 results on July 24, 2025, and third-quarter shipments and revenues are scheduled for October 30, 2025. A live webcast and conference call will occur on April 30, 2025, at 1:00 p.m. CEST / 7:00 a.m. EDT to present the First Quarter 2025 Shipments and Revenues.

## About Stellantis

Stellantis N.V. (NYSE: STLA / Euronext Milan: STLAM / Euronext Paris: STLAP) is a major global automaker dedicated to offering customers flexibility in mobility, leveraging cutting-edge technologies, and creating value for its stakeholders. The company has a diverse portfolio of iconic brands, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, and Jeep®, among others.

## Segment Performance Overview

—

## Noteworthy Definitions and Context

### Shipment Categories
(1) Combined shipments encompass the deliveries from the Company’s consolidated subsidiaries and unconsolidated joint ventures. In contrast, consolidated shipments involve only those from the Company’s consolidated subsidiaries. This includes vehicles produced by joint ventures and associates (e.g., Leapmotor), which are distributed by our consolidated subsidiaries. Combined shipments also include vehicles from joint ventures like Tofas. Note that figures by segments may not total due to rounding.

(2) Segment aggregation combines data from South America, Middle East & Africa, and China and India & Asia Pacific for clarity.

### Industry Data Sources
Industry rankings and market share information are sourced from various third-party organizations such as the Agence Nationale des Titres Sécurisés (ANTS), Associação Nacional dos Fabricantes de Veículos Automotores (ANFAVEA), and S&P Global, among others. Unless indicated, this information pertains to passenger cars (PC) and light commercial vehicles (LCV).

– **Enlarged Europe** excludes Russia and Belarus and will include Israel and Palestine starting in 2025.
– **Middle East & Africa** excludes Iran, Sudan, and Syria, with exclusions for Israel and Palestine from 2025.
– **South America** does not include Cuba.
– **India & Asia Pacific** reflects key markets where Stellantis competes, including major countries in the region.
– **China** data represents PC sales only, including licensed sales from DPCA.
– **Maserati** data covers 17 significant markets based on S&P Global information.

### Adjustments and Financial Metrics
Adjusted operating income, net of several exceptional items such as restructuring costs and impairments, provides insight into ongoing performance. This measure excludes financial expenses and tax benefits, focusing instead on rare or unique events.

Unusual operating income and expenses are defined as impacts from strategic decisions and events not typical of regular operations, including facilities costs related to production capacity adjustments.

### Safe Harbor Statement
Statements about future performance, including revenue, cash flows, vehicle shipments, and investment expenses, are forward-looking. Such projections are inherently uncertain and should not be overly relied upon. Actual results may differ significantly due to various risks, including market demand fluctuations and operational challenges related to electrification and technology advancements.

As the automotive landscape evolves, maintaining adaptability and innovative capabilities will be crucial for continued success.# Key Challenges and Future Considerations for Battery Electric Vehicle Adoption

Tax laws and regulations significantly influence the adoption of battery electric vehicles (BEVs). Governmental economic incentives play a crucial role in encouraging consumers and businesses to transition to BEVs. Furthermore, increasingly stringent regulations surrounding fuel efficiency, greenhouse gas emissions, and tailpipe emissions are reshaping industry standards.

Various risks extend beyond regulations. Automakers face potential claims, lawsuits, and governmental investigations related to product liability, warranty issues, and environmental concerns. Compliance with environmental, health, and safety regulations also entails substantial operating expenditures. The automotive industry remains highly competitive, exacerbated by the potential for consolidation and the entry of new market players.

Another concern is the exposure to shortfalls in funding the Company’s defined benefit pension plans. Additionally, access to sufficient financing is essential for dealers and retail customers, with associated risks from financial services operations. The Company’s ability to secure funding for its business initiatives is paramount, as is realizing anticipated benefits from joint ventures.

Market disruptions can arise from political, social, and economic instability, impacting not only the Company’s operations but also its relationships with employees, dealers, and suppliers. Effective internal controls over financial reporting remain a priority. Developments in labor relations and applicable labor laws, along with risks from natural disasters such as earthquakes, also need to be managed.

Any forward-looking statements in this document reflect the Company’s perspective as of that date. The Company disclaims any obligation to update or revise these statements publicly. For further insights on factors that could materially impact financial results, stakeholders can refer to the Company’s filings with the U.S. Securities and Exchange Commission and the AFM.

• EN-20250430-Stellantis-Q12025-Results

This article was originally published on Quiver News, read the full story.

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.

NORTH AMERICA
	Q1 2025		Q1 2024		Change		Shipments down 20%, reflecting lower January production due to extended holiday downtime, an initial ramp-up of updated 2025 Ram HD trucks, and continued gaps from discontinued models. Net revenues down 25%, primarily due to lower volumes and mix, as well as negative net pricing from increased incentives.
Shipments (000s)	325		407		(82)
Net revenues (€ million)	14,416		19,291		# European and Middle Eastern Automotive Markets Show Decline in Q1 2025 ## Overview of ENLARGED EUROPE ### Q1 2025 Financial Performance – **Shipments**: Decreased by 8%, attributed to transitions in A and B-segment vehicles that replaced discontinued products at the end of H1 2024. Additionally, a decline in light commercial vehicle (LCV) volumes contributed to this drop. – **Net Revenues**: Fell by 3% due to lower shipment volumes and increased incentives, despite some offset from a positive nameplate and energy mix impacts. | | **Q1 2025** | **Q1 2024** | **Change** | |—————————–|————-|————-|————| | **Shipments (000s)** | 567 | 615 | (48) | | **Net Revenues (€ million)** | 13,565 | 14,051 | (486) | ## Financial Insights: MIDDLE EAST & AFRICA ### Q1 2025 Overview – **Consolidated Shipments**: Noted a significant decrease of 15%, primarily due to import restrictions in several countries. – **Net Revenues**: Also down by 15%, resulting from lower volumes and adverse currency translation effects, notably related to the Turkish Lira. This impact was partially mitigated by positive pricing and market mix effects. | | **Q1 2025** | **Q1 2024** | **Change** | |—————————–|————-|————-|————| | **Combined Shipments (000s)** | 116 | 154 | (38) | | **Consolidated Shipments (000s)** | 100 | – | – | ### Key Takeaways The automotive sectors in both Europe and the Middle East & Africa are facing significant challenges in Q1 2025. Declining shipments alongside reduced net revenues highlight ongoing operational hurdles. While some offsets are noted, such as positive market effects, the overall trend shows a necessity for companies to adapt to fluctuating market conditions and external pressures.# Financial Insights: Q1 2025 Performance Review and Comparisons 118 (18) Net revenues (€ million) 2,280 2,687 (407) SOUTH AMERICA Q1 2025 Q1 2024 Change Shipments up 19%, maintaining >23% market share in South America with gains in Brazil and Argentina. Net revenues up 6%, driven by increased volumes and favorable mix, partially offset by negative translation effects from the Brazilian Real and Argentine Peso. Shipments (000s) 211 177 +34 Net revenues (€ million) 3,678 3,466 +212 CHINA, INDIA & ASIA PACIFIC Q1 2025 Q1 2024 Change Consolidated shipments down 20%, primarily due to ongoing pressure in the region and a focus on inventory reduction in China. Net revenues down 15%, primarily resulting from lower shipment volumes, partially mitigated by a better market mix in Australia, New Zealand, and South Korea. Combined shipments (000s) (1) … # Maserati Reports Sharp Decline in Q1 2025 Financials ## Overview of Shipments and Revenues Consolidated shipments (000s) (1) 12 15 (3) Net revenues (€ million) 447 525 (78) ## Performance Highlights MASERATI Q1 2025 Q1 2024 Change Shipments down 48%, mainly due to reduced demand and a significantly smaller product portfolio. Net revenues down 50%, primarily attributed to lower volumes and pricing adjustments aimed at reducing and repositioning North America inventory. Shipments (000s) 1.7 3.3 (1.6) Net revenues (€ million) 157 313 (156) Reconciliations Net revenues from external customers to net revenues # Stellantis Reports Strong Financial Performance in 2025 2025 (€ million) NORTH AMERICA ENLARGED EUROPE MIDDLE EAST & AFRICA SOUTH AMERICA CHINA AND INDIA & ASIA PACIFIC MASERATI OTHER(*) STELLANTIS Net revenues from external customers 14,416 13,522 2,274 3,667 446 157 1,331 35,813 Net revenues from transactions with other segments — 43 6 11 # Net Revenue Breakdown for Global Markets in 2024 1 — (61) — Net Revenues 14,416 13,565 2,280 3,678 447 157 1,270 35,813 ___________________________________________________________________________________________________________________ (*) Other activities, unallocated items, and eliminations 2024 (€ million) NORTH AMERICA ENLARGED EUROPE MIDDLE EAST & AFRICA SOUTH AMERICA CHINA AND INDIA & ASIA PACIFIC MASERATI # Stellantis Reports Strong Net Revenues Across Segments ## Summary of Financial Performance In a recent financial statement, Stellantis disclosed its net revenues from various sources. Notably, the company’s revenues from external customers reached an impressive **$41,697 million**. ## Breakdown of Revenues ### Net Revenues from External Customers – **Total:** $41,697 million – Segment Contributions: – Segment A: $19,290 million – Segment B: $13,985 million – Segment C: $2,687 million – Segment D: $3,476 million – Segment E: $524 million – Segment F: $312 million – Segment G: $1,423 million ### Net Revenues from Inter-Segment Transactions – **Total:** $1 million – Segment Contributions: – Segment A: $1 million – Segment B: $66 million – Segment C: $0 million – Segment D: $(10) million – Segment E: $1 million – Segment F: $1 million – Segment G: $(59) million ## Overall Net Revenues Combining both external and inter-segment revenues, Stellantis reported total net revenues of **$41,698 million**. This financial performance indicates a robust market position for Stellantis, reflecting strategic growth and operational efficiency across its various segments.# Financial Insights: Stellantis Market Performance and Outlook ## Key Shipment Data	41,697