Stellantis tops forecasts in H2, announces 1.5 billion euro share buy-back

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Adjusted Earnings before Interest and Tax (EBIT) at the world’s third largest auto maker by sales, stood at 10.949 billion euros ($11.67 billion) in the July-December period. That topped analysts expectations of 9.63 billion euros, according to a Reuters poll.

The company also announced a 4.2 billion euro dividend on 2022 results, or 1.34 euros per share, and said it would propose a share buyback program worth up to 1.5 billion euros to be performed by the end of this year.

($1 = 0.9383 euros)