Wereldbelegger schreef op 22 februari 2023 10:50:
Stellantis unveiled a share buyback of as much as 1.5 billion euros ($1.6 billion) following Mercedes-Benz and BMW in returning cash to shareholders after strong 2022 results on the back of high vehicle prices and pent-up demand.
Stellantis expects another year of double-digit returns as vehicle price increases slow, chip shortages ease and production picks up, it said Wednesday.
The company’s operating return rose to 13 percent last year, beating expectations.
"Price increases were substantial in 2022 and they will be lower in 2023," Chief Financial Officer Richard Palmer said on a call with reporters.
"The challenge for 2023 is to offset inflation with pricing but also with an improvement in the industrial efficiency."The group, formed from the merger of Fiat Chrysler and PSA Group, will pay a dividend of 1.34 euros a share, up from 1.04 euros the previous year.
The buyback will run through the end of the year.
Returns during the second half of 2022 declined compared to the first because of the supply-chain snarls. Adjusted earnings before interest and tax (EBIT) were 10.95 billion euros in the July to December period. The margin was 12 percent in the second half, down from 14.1 percent in the first six months.
bron:
europe.autonews.com/automakers/stella...