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Auto giant Stellantis on Thursday reported a near tripling of its adjusted operating income in the first three months of the year, supported by improved sales in its key North American market.
The multinational conglomerate, which owns household names including Jeep, Dodge, Fiat, Chrysler and Peugeot, posted first-quarter adjusted operating income of 960 million euros ($1.12 billion).
That comfortably beat an analyst consensus of 568 million euros, according to a Reuters poll, and reflects a 194% increase from adjusted operating income of 327 million euros a year ago.
The results mark the first time the company has started reporting quarterly profit data, which it previously only posted on a six-monthly basis.
