Net loss narrowed by 90%, North American operations turned profitable, but Stellantis (STLA.US) still struggles with cash flow pressure

智通财经APP reported that Stellantis (STLA.US) released its third-quarter results on October 28: net revenue was €37.611 billion, up 1% year-on-year, exceeding the market expectation of approximately €36.4 billion; net loss was €453 million, narrowing by 90% compared to the loss of €4.532 billion in the same period last year; adjusted operating profit was €256 million ($285 million), slightly above market consensus, up 184% year-on-year, with a profit margin of 0.7%. The company maintained its full-year guidance unchanged and reiterated its target of turning positive industrial free cash flow by 2027.