Stellantis Backs Capital Returns Plan, 2022 Guidance at AGM
13 April 2022 - 5:52PM
Dow Jones News
By Cristina Roca
Stellantis NV on Wednesday backed its full-year margin target
for the year as well as a capital-returns plan for the coming
years.
The French car maker confirmed its 2022 guidance for a
double-digit adjusted operating margin, as well as positive
industrial free cash flow in a presentation at its annual general
meeting.
This year, Stellantis expects to grow 3% in North America, South
America and the enlarged Europe markets, and 5% in the India and
Asia Pacific market. It expects to remain stable in China and the
Middle East & Africa region.
The company, which houses a stable of brands including Peugeot,
Fiat, Chrysler and Jeep, also confirmed it aims to maintain a
dividend payout ratio of 25%-30% through 2025 and buy back up to 5%
of its outstanding shares.
Write to Cristina Roca at cristina.roca@wsj.com
(END) Dow Jones Newswires
April 13, 2022 11:37 ET (15:37 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
Stellantis NV (BIT:STLA)
Historical Stock Chart
Von Mär 2024 bis Apr 2024
Stellantis NV (BIT:STLA)
Historical Stock Chart
Von Apr 2023 bis Apr 2024