** Milan-listed shares in Stellantis STLAM.MI drop 5.7% after the car maker reported on Wednesday a 64% drop in 2024 adjusted earnings before interest and taxes $(EBIT)$ to 8.65 billion euros ($9.09 billion) and reduced the dividend

** "FY24 results were within broad range of the guidance, but with adj. EBIT below both our and consensus expectations," broker Equita writes in a note

** The drop in adjusted EBIT in H2 was particular intense as it was almost erased, to 185 million euros from 10.2 billion euros in the same period of 2023

** It proposed a dividend of 0.68 euro, less that half of 2023's dividend of 1.55 euro

** For 2025 it guided a return to revenue growth and positive cash generation

** "It is a downbeat guidance," Jefferies says, adding company kept its policy of loose guidance

** Up to the Tuesday session's close, shares were up 7.1%​ YTD

($1 = 0.9530 euros)

($1 = 0.9517 euros)

(Reporting by Alberto Chiumento)