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)

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