{"id":113815,"date":"2025-07-30T13:57:00","date_gmt":"2025-07-30T16:57:00","guid":{"rendered":"https:\/\/bluestudio.estadao.com.br\/agencia-de-comunicacao\/releases\/releases-geral\/iveco-group-2025-second-quarter\/"},"modified":"2025-07-30T13:57:00","modified_gmt":"2025-07-30T16:57:00","slug":"iveco-group-2025-second-quarter","status":"publish","type":"post","link":"https:\/\/bluestudio.estadao.com.br\/agencia-de-comunicacao\/releases\/releases-geral\/iveco-group-2025-second-quarter\/","title":{"rendered":"Iveco Group 2025 Second Quarter"},"content":{"rendered":"<p align=\"justify\">The following is an extract from the Iveco Group 2025 Second Quarter press release. The complete press release can be accessed by visiting the media section of the Iveco Group corporate website: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=tqT86m-5hqdtuwE2vITNEOadCwbKGm-H6G_NeWGtLzBrzebycIPdiAhk1Jb9KwpAVz56GkxXrISFyRpnwn-Ok5y8um6sW-jfDvY32npocZj5qcESSTyQM8Nugzgp2pDtGYM3XABwV5iAg43mfcA36Q2-tnOfeGI-mypT1aOl4ztahmuJKm4QFj-grYnNRcTW\" rel=\"nofollow\" target=\"_blank\">https:\/\/www.ivecogroup.com\/media\/corporate_press_releases<\/a> or consulting the accompanying PDF:<\/p>\n<p align=\"center\"><strong>A quarter of disciplined execution and positive free cash flow. <\/strong><\/p>\n<p align=\"center\"><strong>Full year guidance 2025 revised<\/strong><\/p>\n<p align=\"justify\"><strong>Consolidated revenues<\/strong> amounted to <strong>3,781 million<\/strong> compared to 3,919 million in Q2 2024.<strong> Net<\/strong>\u00a0<strong>revenues of Industrial Activities<\/strong> were <strong>3,702<\/strong>\u00a0<strong>million<\/strong> compared to 3,819 million in Q2 2024, with higher volumes and better mix in Bus and Defence partially offsetting lower volumes in Truck and Powertrain and an adverse foreign exchange rate impact.<\/p>\n<p align=\"justify\"><strong>Adjusted EBIT <\/strong>was <strong>215<\/strong> <strong>million<\/strong> compared to 295\u00a0million in Q2 2024, with a <strong>5.7%<\/strong> <strong>margin <\/strong>(7.5% in Q2 2024). <strong>Adjusted EBIT of Industrial Activities<\/strong> was <strong><\/strong><strong>187<\/strong>\u00a0<strong>million<\/strong> (264\u00a0million in Q2 2024), with cost containment actions in Selling, General &amp; Administrative (SG&amp;A) and Research &amp; Development (R&amp;D) expenses partially offsetting lower volumes and mix, unfavourable pricing and product costs. <strong>Adjusted EBIT margin of Industrial Activities<\/strong> was <strong>5.1%<\/strong> (6.9% in Q2 2024), with margin improvements in Bus and Defence.<\/p>\n<p align=\"justify\"><strong>Adjusted net income<\/strong> was <strong>106 million<\/strong> (182\u00a0million Q2 2024) with <strong>adjusted diluted earnings per share<\/strong> of <strong>0.39 <\/strong>(0.63 in Q2 2024). <\/p>\n<p align=\"justify\"><strong>Net financial expenses<\/strong> amounted to <strong>71 million<\/strong> compared to 49 million in Q2 2024. The increase was primarily due to a positive impact of the Argentinian hyperinflation accounting in Q2 2024 (no longer applicable in this country starting from 1<sup>st<\/sup> January 2025) and higher cost of hedge in 2025.<\/p>\n<p align=\"justify\">Reported income tax expense was 36 million, with an <strong>adjusted Effective Tax Rate<\/strong> (adjusted ETR) of <strong>26<\/strong><strong>%<\/strong> in Q2 2025, which reflects the different tax rates applied in the jurisdictions where the Group operates and some other discrete items. <\/p>\n<p align=\"justify\"><strong>Free cash flow of Industrial Activities<\/strong> was <strong>positive <\/strong>at<strong> 145<\/strong>\u00a0<strong>million<\/strong>, an improvement of 243 million compared to Q2 2024, which included a one-off adverse impact linked to the Model Year 2024 launch. The improvement was also due to enhanced working capital resulting from inventory and production optimization. <\/p>\n<p align=\"justify\"><strong>Available liquidity<\/strong> was <strong>4,713 million<\/strong> as of 30<sup>th<\/sup> June 2025 (4,709\u00a0million at 31<sup>st<\/sup> March 2025), including 1,900\u00a0million of undrawn committed facilities.<\/p>\n<p id=\"gnw_attachments_section-header\">\n <strong>Attachment<\/strong>\n<\/p>\n<ul id=\"gnw_attachments_section-items\">\n<li>\n  <a target=\"_blank\" href=\"https:\/\/ml-eu.globenewswire.com\/Resource\/Download\/8884f3e4-f750-4eb7-80bc-e4bbbb53f4a1\">20250730_PR_IVG_Q2_2025<\/a>\n<\/li>\n<\/ul>\n<p><img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=MTAwMTEyMDU1NyM0MDIxOTE1NDIjMjIzMzE2OA==\" \/> <br \/><img decoding=\"async\" alt=\"\" src=\"https:\/\/ml-eu.globenewswire.com\/media\/OTU3NTZmNjMtMTlkYy00OGMzLTkxMDQtN2M4YWU4YWMzMzU0LTEyNDQ3MjEtMjAyNS0wNy0zMC1lbg==\/tiny\/Iveco-Group-N-V-.png\" \/><br \/>\n<a href=\"https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/8f75a0f4-8d45-49e9-856c-3abc38b80e4c\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/ml-eu.globenewswire.com\/media\/8f75a0f4-8d45-49e9-856c-3abc38b80e4c\/small\/aw-horizontal-coolgray10c-newblu-rgb-png.png\" border=\"0\" width=\"150\" height=\"25\" alt=\"Primary Logo\" \/><\/a><\/p>\n<p>A <b>OESP<\/b> nao e(sao) responsavel(is) por erros, incorrecoes, atrasos ou quaisquer decisoes tomadas por seus clientes com base nos Conteudos ora disponibilizados, bem como tais Conteudos nao representam a opiniao da <b>OESP<\/b> e sao de inteira responsabilidade da <b>GlobeNewswire<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"The following is an extract from the Iveco Group 2025 Second Quarter press release. The complete press release can be accessed by visiting the media secti","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[34],"tags":[],"class_list":["post-113815","post","type-post","status-publish","format-standard","hentry","category-releases-geral"],"acf":[],"_links":{"self":[{"href":"https:\/\/bluestudio.estadao.com.br\/agencia-de-comunicacao\/wp-json\/wp\/v2\/posts\/113815","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bluestudio.estadao.com.br\/agencia-de-comunicacao\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bluestudio.estadao.com.br\/agencia-de-comunicacao\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bluestudio.estadao.com.br\/agencia-de-comunicacao\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bluestudio.estadao.com.br\/agencia-de-comunicacao\/wp-json\/wp\/v2\/comments?post=113815"}],"version-history":[{"count":0,"href":"https:\/\/bluestudio.estadao.com.br\/agencia-de-comunicacao\/wp-json\/wp\/v2\/posts\/113815\/revisions"}],"wp:attachment":[{"href":"https:\/\/bluestudio.estadao.com.br\/agencia-de-comunicacao\/wp-json\/wp\/v2\/media?parent=113815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bluestudio.estadao.com.br\/agencia-de-comunicacao\/wp-json\/wp\/v2\/categories?post=113815"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bluestudio.estadao.com.br\/agencia-de-comunicacao\/wp-json\/wp\/v2\/tags?post=113815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}