Stellantis (STLA) has reaffirmed its financial outlook and capital return strategy for 2024. The company maintains its forecast for double-digit adjusted operating income (AOI) margins and positive industrial free cash flows. Additionally, Stellantis aims to deliver dividends and buybacks totaling at least €7.7 billion in 2024.
In the first half of the year, Stellantis expects to achieve a 10-11% AOI margin, though industrial free cash flows are anticipated to be significantly lower compared to the same period last year. However, for the second half, the company foresees potential sequential improvements in both AOI and industrial free cash flows.
Stellantis has also revised its capital plan, setting target liquidity levels at 25-30% of revenues for the medium term. The company plans to continue using share buybacks and regular dividends to return surplus cash to shareholders. For 2025, Stellantis aims for the upper range of its 25-30% dividend payout policy, an adjustment from the previously set 25%.
