Multinational carmaker Stellantis confirmed its 2024 financial guidance and capital return plan on Thursday.
The company, which has its corporate headquarters in the Netherlands, is still projecting a double-digit adjusted operating income (AOI) margin and positive industrial free cash flows, and to deliver €7.7 billion ($8.3 billion) or more 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 the chance to improve its 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, Stellantis said.
In 2025, the company will target the upper range of its 25%-30% dividend payout policy, revised from 25% in recent years.