Stellantis shares slump despite forecast-busting Q1

(Sharecast News) - Shares in Stellantis slumped on Thursday despite the auto maker smashing first quarter earnings forecasts on the back of higher sales.

Adjusted operating profits for the three months to March 31 came in at €960m, up from €327m a year earlier and beating expectations of €568m. It also swung to a net profit of €377m from a loss of €387m.

"The products we launched in 2025 have been well received and we're confident that the 10 new vehicles planned for 2026 will build on this momentum," said chief executive Antonio Filosa.

Stellantis also booked a €400m positive credit based on expected tariff refunds after the US Supreme Court ruled President Donald Trump's policy illegal.

Shares in the company were down 6.7% in early European trade.

Reporting by Frank Prenesti for Sharecast.com