• Net revenues of €35.8 billion, down 14% compared to Q1 2024 primarily due to lower shipment volumes, as well as unfavorable mix and pricing
• Consolidated shipments(1) of 1,217 thousand units, down 9%, reflect lower North American production, a consequence of extended holiday downtime in January, product transition impacts and lower industry LCV volumes in Enlarged Europe• The Company is suspending its 2025 financial guidance due to tariff-related uncertainties
• The Company is highly engaged with policymakers on tariff policies, while taking action to reduce impacts