1150 GMT - Stellantis reported in-line first-quarter revenue but has withdrawn guidance, UBS analysts write. Revenue of 35.8 billion euros is a 14% year-on-year decline, but is in line with a company-compiled consensus. North America revenue fell 25% on year while volumes fell 20%, meaning 5% of the revenue drop is attributable to price, mix and foreign exchange, the bank says. Europe revenue fell 3% and shipments fell 8%. In April, Stellantis reduced imported shipments from Mexico and temporarily suspended European imports to the U.S., UBS adds. Shares rise 1%. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
April 30, 2025 07:50 ET (11:50 GMT)
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