Stellantis shares fall on weak cash flow despite profit rise
The carmaker reported a tripling in quarterly profit to 960 million euros aided by U.S. tariff refunds. Shares fell 7 percent due to negative cash flows.
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STELLANTIS NV reported Q1 adjusted EBIT of 960 million euros, nearly tripling from 327 million euros during the same period last year. The result included a 400 million euro boost from expected United States tariff refunds following a Supreme Court ruling. Milan-listed shares fell 7% during the morning as negative industrial free cash flow of 1.9 billion euros overshadowed the profit jump.
