A drone view of vehicles in the yard of the Stellantis Truck Assembly Plant in Derramadero, Coahuila state, Mexico March 22, 2025. REUTERS/Antonio Ojeda

By Giulio Piovaccari

MILAN (Reuters) -Automaker Stellantis on Thursday reported a 13% year-on-year increase in revenues for the third quarter, marking the first top-line growth after seven quarters, in an initial vindication of new CEO Antonio Filosa's turnaround efforts.

The Franco-Italian-American company also said it estimated an impact from U.S. tariff policies in place as of October 30 of around 1 billion euros ($1.2 billion) for 2025, compared to a previous estimate of between 1 and 1.5 billion euros.

In the July-September period, net revenues at Stellantis amounted to 37.2 billion euros, mostly driven by strong performances in its main markets, North America and Europe. The result was in line with a Reuters' poll of analysts.

NEW CEO FOCUSING ON THE U.S.

Since he was installed in June, Filosa has battled to reverse a sales decline in the U.S. and cut excess vehicle inventories at dealers in North America, which had led to the ousting of former boss Carlos Tavares at the end of last year.

Earlier this month, Stellantis said it would invest $13 billion to boost production in the U.S. and counter tariffs imposed by President Donald Trump.

Filosa has announced other bold moves, including booking billions of euros of pre-tax charges in the first half, bringing back popular models such as Jeep Cherokee SUV, and refocusing towards hybrid and petrol vehicles after a previous hard push towards electrification.

"Commercial progress continues," the company said in a statement, adding that by the end of the third quarter six new models had been introduced out of 10 planned launches for 2025.

GUIDANCE CONFIRMED

Stellantis reiterated its forecasts for increased net revenue and cash flow generation in the second half of 2025, as well as for low-single digit adjusted operating income margin in the period. It said the company expected to book charges in the second half from changes to its strategic and product plans as well as from a review of its warranty estimation process, but these were not expected to impact forecasts. Guidance for the second half, however, assumed no disruptions or shortages in the current supply chain scenario, Stellantis said, while the global industry is grappling with a deepening semiconductor supply crunch stemming from U.S.-China trade war-related issues at Dutch firm Nexperia.

Trump said on Thursday he had agreed with President Xi Jinping to trim tariffs on China in exchange for Beijing cracking down on the illicit fentanyl trade, resuming U.S. soybean purchases and keeping rare earths exports flowing.

($1 = 0.8575 euros)

(Reporting by Giulio Piovaccari, editing by Alvise Armellini)