Thu. 13 Jun 2024, 3:01am ET
Benzinga
News
Stellantis management confirms its 2024 financial guidance and capital return plan:
- Double-digit Adjusted Operating Income (AOI) margin and positive industrial free cash flows.
- Capital Return: Delivering ≥€7.7 billion in dividends and buybacks in 2024.
CFO Natalie Knight will reiterate more specific color on first and second-half expectations within the 2024 period:
- H1 outlook of 10-11% AOI margin, with industrial free cash flows visibly below the prior year period.
- Significant product launches, cost initiatives and anticipated improvement in working capital together support H2 sequential improvement opportunity in AOI and industrial free cash flow.