In 2024, Iveco Group reported consolidated revenues of €15,289 million, a decrease of 4% from the previous year. Despite this, Adjusted EBIT rose slightly, reflecting effective pricing strategies that compensated for lower volumes in the Truck and Powertrain sectors. The group also announced plans to potentially separate its Defence operations through a spin-off by 2025. Overall, adjusted net income increased significantly, alongside a notable improvement in net financial expenses, leading to a liquidity boost that positions the company favorably moving forward.
Iveco Group reported consolidated revenues of €15,289 million in 2024, down 4% from €15,978 million in 2023, highlighting challenges despite positive pricing strategies.
The board is considering spinning off its Defence business, comprising IDV and Astra brands, indicating a strategic move to strengthen its core Industrial Activities.
Adjusted EBIT showed a slight increase to €982 million in 2024, with the margin enhancing to 6.4%, while net financial expenses improved significantly to €211 million.
Iveco's adjusted net income rose to €569 million, bolstered by a lower tax benefit and significant recovery in financial expenses compared to the prior year.
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