Q1 2026 Stellantis NV Earnings Call Transcript
Key Points
- Stellantis NV (STLA) achieved a return to profitability in Q1 2026, with a 12% year-over-year growth in shipments.
- The company reported a 6% increase in net revenues, reaching EUR38.1 billion, driven by volume growth across all regions.
- North America saw a 4% sales increase despite a challenging market, with RAM and Jeep contributing significantly to this growth.
- Stellantis NV (STLA) maintained its leadership position in South America with a 29% market share in Brazil and Argentina.
- The company issued hybrid perpetual notes totaling $5 billion, strengthening its capital structure and supporting liquidity.
- Foreign exchange translation negatively impacted revenues by approximately $2.4 billion, mainly affecting North America and Middle East and Africa.
- Industrial free cash flow was negative $1.9 billion in Q1, despite improvements year-over-year.
- The European market faced margin pressure, with net pricing negatively impacting a larger Europe.
- SG&A costs increased by $153 million, largely due to higher marketing expenses to support volume growth.
- The company faces ongoing geopolitical tensions and inflationary pressures, which could impact future performance.
Thank you. Hello and welcome to the Cellantis Q1 2026 Financial Results Call. (Operator Instructions)
I now give the floor to Mr. Charlie Krasman. Head of Investor Relations to begin today's conference. Sir, the floor is yours.
Thank you. Hello, everyone, and thank you for joining us today as we review Stellantis Q1 2026 results. Earlier today, the presentation material for this call, along with the related press release, were posted under the Investors section of the Stellantis Group website.
Today, our call is hosted by Antonio Felosa, Chief Executive Officer and Joel Lorangelo, Chief Financial Officer.
After their prepared remarks, Antonio and Joao will be available to answer questions from the analysts. Before we begin, I want to point out that any forward-looking statements we might make during today's call are subject to the risks and uncertainties mentioned in the Safe Harbor statement included on Page 2 of today's presentation. As customary, the call will be
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