Automaker Stellantis up after Q3 beat against weak expectations

Stellantis N.v

28/10/2026 08:44

** Milan-listed shares in Stellantis STLAM.MI are up around 3% after posting a slight increase in Q3 operating income, as the automaker presses ahead with a slow turnaround process
** Its adjusted EBIT for the period amounted to €256 million ($284.67 million), compared to €191 million in a Reuters poll of analysts, who were bracing for a weak quarter before an expected stronger Q4
** "Cash remains the key area to watch," J.P. Morgan says, calling "significant" the €4 billion cash burn recorded in the period, as the focus on it will persist in the next quarter
** "Weak Q3, but overall not as bad as feared," Equita notes, as it estimated a higher cash burn at €4.5 billion
** Including Wednesday's gains, the stock is down almost 60% YTD
     
     
($1 = 0.8993 euros)

(Reporting by Enrico Sciacovelli)
((enrico.sciacovelli@thomsonreuters.com))