MILAN (Reuters) -Stellantis ( STLA ) said on Wednesday it was suspending its guidance for a moderate recovery this year, after a profit drop in 2024, due to the uncertain impact of evolving U.S. tariff policies.

In the first quarter, net revenues fell 14% year-on-year to 35.8 billion euros ($40.7 billion) for the automaker, which in 2024 suffered a 64% fall in its adjusted operating profit (AOI) and burnt more than 6 billion euros in cash.

The revenues result was broadly in line with an analysts' forecast of 35.4 billion euro from a Reuters poll.

($1 = 0.8791 euros)