Stellantis (IT:STLAM) has released an update.
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At their inaugural Investor Day, Stellantis reaffirmed their 2024 financial targets, promising double-digit Adjusted Operating Income margins and substantial cash returns to shareholders, including a minimum of €7.7 billion in dividends and buybacks. CFO Natalie Knight highlighted expectations for a stronger second half in 2024, following significant product launches and cost-saving initiatives. Additionally, Stellantis updated its capital strategy, aiming to optimize liquidity and enhance capital efficiency to bolster shareholder value.
For further insights into IT:STLAM stock, check out TipRanks’ Stock Analysis page.