Stellantis (STLAM IM/STLAP FP) to incur a charge of EUR 22.2bln, in relation to a business reset which aims to support profitable growth

Business Reset:

• Board authorised the issuance of up to EUR 5bln non-convertible subordinated perputatial hyrbrid bond. 
• The Company will not pay a dividend in 2026.

2026 Financial Guidance:

Guides H2:

• Net Income -21bln to -19bln.
• Revenue 78-80bln.

CEO:

• The charges announced today largely reflect the cost of over-estimating the pace of the energy transition that distanced us from many car buyers’ real-world needs, means and desires. 
• They also reflect the impact of previous poor operational execution, the effects of which are being progressively addressed by our new team.
• We look forward to sharing the full details of our new strategy at our Investor Day on May 21.

Results:

• North America Shipments Up 43%, with South America, Middle East & Africa and China and India & Asia Pacific Also Reporting Growth