MILAN (Reuters) -Stellantis said on Wednesday it was suspending its guidance for a moderate recovery this year, after a profit drop in 2024, due to the uncertain impact of evolving U.S. tariff policies.
In the first quarter, net revenues fell 14% year-on-year to 35.8 billion euros ($40.7 billion) for the automaker, which in 2024 suffered a 64% fall in its adjusted operating profit (AOI) and burnt more than 6 billion euros in cash.
The revenues result was broadly in line with an analysts’ forecast of 35.4 billion euro from a Reuters poll.
($1 = 0.8791 euros)
(Reporting by Giulio Piovaccari in Milan and Gilles Guillaume in Paris; editing by Alvise Armellini)
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