Stellantis CEO Filosa confirms 2026 financial targets — CNBC

In Detroit, United States, Stellantis CEO Antonio Filosa confirmed the automaker’s financial outlook for 2026 and long-term cash flow targets. CNBC reports that the statement was made at an Automotive News event after the company’s shares in the United States reached a new all-time low.

Outlook for 2026

Stellantis expects its net revenue to grow by a mid-single-digit percentage this year, while its adjusted operating margin will be in the low-single-digit range. Filosa said the company is committed to delivering on these targets and is confident it can achieve them.

He also reaffirmed Stellantis’ intention to reach positive free cash flow in 2027. In 2028, the company plans to generate more than €3 billion in free cash flow. Last year, the automaker’s free cash flow was negative at €4.5 billion.

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Transformation plan and shares

On Tuesday, Stellantis shares in the United States closed at $4.43 per share, down 4.1% for the day. This marked a new closing low for the company’s securities in the United States, and they have fallen by nearly 60% since the start of the year.

The automaker is implementing a transformation plan worth about $70 billion following years of declining sales and margins, particularly in North America and the United States. The strategy focuses on regional brands, including Ram and Jeep in the United States, while Stellantis does not plan to reduce its portfolio of 14 automotive brands.

Among the plan’s key areas, the company cites more effective brand management, new investments, stronger partnerships, optimization of its manufacturing network, and expanded authority for regional teams. RBC Capital Markets analyst Tom Narayan said in a note to investors that, despite public statements about preserving the company, a scenario involving its breakup remains possible in the long term.