Is Stellantis's recovery finally showing up in its numbers?

Over the first nine months of this year, Stellantis booked a 217 million euros net profit, a sharp turnaround from a heavy loss a year earlier.

Adjusted operating income more than tripled from a year earlier, reaching 1989 million euros.

Industrial free cash flow was still negative by 4,000 million euros in the quarter, an improvement of 300 million euros on a year earlier. Chief executive Antonio Filosa stood by the outlook: As a result, we reaffirm our 2026 guidance, and our expectation of positive Industrial Free Cash Flow in 2027.

Profit is back, but cash is still negative, and shares rose as much as nearly 15% in Milan at the intraday high, as a Spanish report said investors were starting to believe the recovery plan is delivering.