.jpg)
20 hours ago
3
Article content
The following is an extract from the “Iveco Group 2025 Third Quarter Results” press release(*). The complete press release can be accessed by visiting the media section of the Iveco Group corporate website: https://www.ivecogroup.com/media/corporate_press_releases or consulting the accompanying PDF:
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
or
Article content
A quarter marked by staying the course and concentrating efforts.
Article content
Article content
Full Year guidance 2025 revised.
Article content
Sale of Defence and Tata Motors Tender Offer progressing according to plan.
Article content
Article content
Consolidated revenues amounted to €3,115 million compared to €3,230 million in Q3 2024. Net revenues of Industrial Activities were €3,044 million compared to €3,137 million in Q3 2024, with higher volumes and better mix in Bus partially offsetting lower volumes in Truck and an adverse foreign exchange rate impact.
Article content
By signing up you consent to receive the above newsletter from Postmedia Network Inc.
Article content
Adjusted EBIT was €111
million compared to €183 million in Q3 2024, with a 3.6%
margin (5.7% in Q3 2024). Adjusted EBIT of Industrial Activities was €76 million (€144 million in Q3 2024), mainly driven by lower volumes and negative fixed cost absorption for Truck, and higher product cost for Bus, partially offset by cost containment actions in Selling, General & Administrative (SG&A) expenses. Adjusted EBIT margin of Industrial Activities was 2.5% (4.6% in Q3 2024).
Article content
Adjusted net income was €40 million (€94 million Q3 2024) with adjusted diluted earnings per share of €0.15 (€0.35 in Q3 2024).
Article content
Net financial expenses amounted to €58 million, in line with Q3 2024.
Article content
Reported income tax expense was €17 million, with an adjusted Effective Tax Rate (adjusted ETR) of 25% in Q3 2025 which reflects the different tax rates applied in the jurisdictions where the Group operates and some other discrete items.
Article content
Article content
Free cash flow of Industrial Activities was negative at €513 million, mainly driven by lower sales, compared to negative €283 million in Q3 2024 which included a partial recovery of the Q2 one-off impact related to Model Year 2024.
Article content
Available liquidity of Continuing Operations was €3,988 million as of 30th September 2025, including €1,890 million of undrawn committed facilities. Available liquidity of Discontinued Operations was €316 million as of 30th September 2025.
Article content
(*) 2025 financial data shown refers to Continuing Operations only, unless otherwise stated. Continuing Operations exclude the Defence business which, following the already announced signing of a definitive agreement to sell this business, has been classified as Discontinued Operations. 2024 comparative figures have been recast consistently.
Article content
Attachment
Article content
Article content
Article content
Article content
Article content
Article content
Article content
English (US)