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Stellantis Beats Q3 Profit Forecast, Shares Jump 15%

By Drooid · · How we work

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  • Stellantis reported higher third-quarter operating income, sending its Milan-listed shares up about 15%.
  • The company posted adjusted earnings before interest and taxes of €256 million, beating the Reuters poll consensus of €191 million.
  • Finance chief Joao Laranjo said Stellantis will exceed the €6 billion run-rate cost-saving target by 2028.
  • Stellantis announced a new Maserati business plan will be presented on December 10.