BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - Stellantis (STLA) confirmed its 2024
financial guidance and capital return plan. The company continues to project:
double-digit adjusted operating income, or AOI, margin and positive industrial
free cash flows; and to deliver at or above 7.7 billion euros in dividends and
buybacks in 2024.

For the first-half period, the company continues to project 10-11% AOI margin,
with industrial free cash flows visibly below the prior year period. For the
second half period, the company sees sequential improvement opportunity in AOI
and industrial free cash flow.

Stellantis also updated its capital plan. The company has set target liquidity
levels of 25-30% of revenues for the medium-term. The company will continue to
use share buybacks and ordinary dividends to return excess cash to shareholders.
In 2025, the company will target the upper range of its 25-30% dividend payout
policy, revised from 25% in recent years.

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