Catenaa, Wednesday, September 30, 2026- Stellantis CEO Antonio Filosa reconfirmed the company’s 2026 financial guidance and long-term cash flow targets as shares trade at a time low.
“We are completely committed, and we are convinced that we will do that,” Filosa said Wednesday during an Automotive News event in Detroit, according to CNBC.
He said that Stellantis’ forecast for this year is a mid-single-digit percentage increase in net revenue and a low-single-digit adjusted operating margin.
He also reconfirmed targets for positive industrial free cash flow by 2027 and more than $3.4 billion in free cash flow by 2028.
Stellantis stock is down more than 60% so far this year in New York trading and has fallen 19% since September 01. It marks the worst yearly showing for the stock since Stellantis came into existence when Fiat Chrysler and PSA Group combined in January 2021.
The trans-Atlantic automaker has been executing a roughly $70 billion turnaround plan after margin dilution and years of sales declines, especially in North America and the US.
CNBC said Filosa’s turnaround strategy has focused on regional brands to boost sales, such as Ram and Jeep in the US, but it is not cutting its vast portfolio of 14 automotive brands.
“The plan’s core pillars are “sharper management” of the brand portfolio, new investments, enhanced partnerships, an optimized manufacturing footprint, “excellence in execution,” and empowerment of the company’s regions and local teams,” the report said.
Stellantis reported a net profit of $332 million from a net loss of $2.12 billion in the same period a year earlier. Net revenues climbed 13% to $49 billion, driven by a 32% jump in North America, and adjusted operating income reached $876 million, nearly four times the year-earlier figure.
Still, the adjusted operating income margin of 1.8% fell short of analyst expectations, and Stellantis estimated net tariff headwinds of $ 1.1 billion to $1.3 billion for the full year.
The company unveiled its FaSTLAne 2030 plan in May, committing $68 billion over five years with Jeep, Ram, Peugeot, and Fiat designated as its four core brands, receiving 70% of total brand and product investment. Stellantis reported an industrial free cash flow deficit of $5.1 billion in the prior year.
