MILAN, April 30 (Reuters) – Stellantis said on Thursday its adjusted operating income almost ‌tripled in the first quarter of ‌this year, beating estimates, supported by vehicles sales growth ​in all regions, most of all in its key North American market.

Adjusted earnings before interest and taxes (EBIT) at the Franco-Italian automaker ‌stood at 960 ⁠million euros ($1.12 billion) in the January-March period, versus an analyst consensus of ⁠568 million euros in a Reuters poll.

In the first quarter of last year adjusted ​EBIT amounted ​to 327 million ​euros, the company ‌said.

This was the first time Stellantis reported quarterly profit data since its creation in early 2021 through the merger of Fiat Chrysler and Peugeot maker PSA. Until now, the ‌company only reported profit ​data on a six-monthly ​basis.

The company said ​it had booked a positive ‌impact of around 400 ​million euros in ​the first quarter from a cost adjustment on U.S. IEEPA tariffs, based on ​expected refunds.

($1 = ‌0.8576 euros)

(Reporting by Giulio Piovaccari in ​Milan and Gilles Guillaume in Paris, ​editing by Alvise Armellini)