Stellantis he reiterated his own financial goals for 2024 and the return on capital plan, confirming a distribution to shareholders of at least 7,7 billion euros in dividends and share buybacks during the year. The Adjusted Operating Income (AOI) margin is confirmed at double digits, and the industrial free cash flow will be positive. The company made this known on the occasion of first Investor Day by Stellantis, scheduled for today at 14pm ET (00am EDT) in Auburn Hills, Michigan.
Stellantis, today is Investor Day: focus on strategy and financial performance
Il first Investor Day of Stellantis will be an opportunity to outline the strategic vision of the group. The CEO of the Group, Carlos Tavares and the CFO natalie knight, along with other members of the Top Executive Team, will provide updates on the company's regions, functions and brands. Tavares, in the European afternoon, will outline the nine key strategic elements that differentiate Stellantis and on which the Company “is leveraging to unlock value and address the disruption and redefinition of the global automotive industry”.
Knight will reiterate the expectations for 2024: an expected AOI margin of 10-11% for the first half of the year, with lower industrial free cash flow compared to the same period last year. However, new model launches, cost actions and working capital improvements support an improvement in AOI margin and industrial free cash flow in the second half of the year.
Stellantis: capital plan updated
Stellantis stands updating its capital plan in several significant ways. The company aims to maintain liquidity levels with a target of 25-30% of revenues in the medium term, placing greater emphasis on capital efficiency to support strong shareholder returns. To remunerate shareholders' capital, Stellantis will use the buyback of own shares e ordinary dividends.
In 2025, the goal is to reach the high end of the 25-30% range for dividend payouts, improving from 25% in recent years.
