Stellantis Reiterates 2024 Financial Guidance, Aims For Double-Digit AOI Margin And €7.7B In Shareholder Returns
Portfolio Pulse from Benzinga Newsdesk
Stellantis has confirmed its 2024 financial guidance, aiming for a double-digit Adjusted Operating Income (AOI) margin and €7.7 billion in shareholder returns through dividends and buybacks. The company expects a 10-11% AOI margin in the first half of 2024, with significant product launches and cost initiatives driving improvements in the second half.
June 13, 2024 | 7:01 am
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Stellantis has reiterated its 2024 financial guidance, targeting a double-digit AOI margin and €7.7 billion in shareholder returns. The company expects a 10-11% AOI margin in H1 2024, with improvements anticipated in H2 due to product launches and cost initiatives.
The confirmation of financial guidance and significant shareholder returns are positive indicators for Stellantis. The expected AOI margin and improvements in H2 due to product launches and cost initiatives suggest strong performance, likely boosting investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100