MILAN, Feb 26 (Reuters) - Automaker Stellantis said on Wednesday it would return to revenue growth and positive cash generation in 2025 as it scrambles to recover from a crisis which engulfed its U.S. business late last year and knocked its share price.
In the second half of 2024, the company said that its adjusted earnings before interest and taxes $(EBIT)$ were almost erased, to 185 million euros ($194 million), from 10.2 billion euros in the same period of 2023.
That brought full-year adjusted EBIT margin down to 5.5%, at the bottom of the guidance given in September after a shock profit warning, which later led to the ousting of CEO Carlos Tavares, in charge since Stellantis was created in 2021.
On Wednesday, the automaker proposed to pay investors a 0.68 euro per share dividend on 2024 results.
($1 = 0.9535 euros)
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