Continues to expect double-digit adj opg income growth (Il Sole 24 Ore Radiocor) - Amsterdam , 13 Jun - The European carmaker Stellantis reaffirmed its financial guidance and capital return plans for 2024.

Stellantis management continues to expect a double-digit adjusted operating income (AOI) margin and positive industrial free cash flows.

It also anticipates delivering 7 billion euros or more in dividends and buybacks in 2024.

In the first half of 2024, Stellantis said it anticipates an AOI margin of 10-11%, with industrial free cash flows "visibly below" the year earlier.

"Significant product launches, cost initiatives and anticipated improvement in working capital together support H2 sequential improvement opportunity in AOI and industrial free cash flow," the company added.

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(RADIOCOR) 13-06-24 11:56:40 (0267) 5 NNNN