{"id":118980,"date":"2025-11-06T03:42:00","date_gmt":"2025-11-06T06:42:00","guid":{"rendered":"https:\/\/bluestudio.estadao.com.br\/agencia-de-comunicacao\/releases\/releases-geral\/iveco-group-2025-third-quarter-results\/"},"modified":"2025-11-06T03:42:00","modified_gmt":"2025-11-06T06:42:00","slug":"iveco-group-2025-third-quarter-results","status":"publish","type":"post","link":"https:\/\/bluestudio.estadao.com.br\/agencia-de-comunicacao\/releases\/releases-geral\/iveco-group-2025-third-quarter-results\/","title":{"rendered":"Iveco Group 2025 Third Quarter Results"},"content":{"rendered":"<p align=\"justify\">The following is an extract from the Iveco Group 2025 Third Quarter Results press release<sup>(*)<\/sup>. 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=L4hcE7UE-iMspc6BxU1kB0PjELO_7TVJo9Noxe6Ad1mKurOZlR31UvrJOhrPyBIGcLOpubKoaXS8m5Cg4Lu31BJrxxQHs23UliIIT1fooYb8-08OD1XkKYvd7PhUk8DfGsiw9sQgpQp6zKkkj6vC9qZ-Ayuh2JDCiBgtxS0g5ngPRmy_CyGNsukckac2iJXf\" 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 marked by staying the course and concentrating efforts. <\/strong><\/p>\n<p align=\"center\"><strong>Full Year guidance 2025 revised.<\/strong><\/p>\n<p align=\"center\"><strong>Sale of Defence and Tata Motors Tender Offer progressing according to plan.<\/strong><\/p>\n<p align=\"justify\"><strong>Consolidated revenues<\/strong> amounted to <strong>3,115 million<\/strong> compared to 3,230 million in Q3 2024.<strong> Net<\/strong> <strong>revenues of Industrial Activities<\/strong> were <strong>3,044<\/strong> <strong>million<\/strong> 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.<\/p>\n<p align=\"justify\"><strong>Adjusted EBIT <\/strong>was <strong>111<\/strong> <strong>million<\/strong> compared to 183 million in Q3 2024, with a <strong>3.6<\/strong><strong>%<\/strong> <strong>margin <\/strong>(5.7% in Q3 2024). <strong>Adjusted EBIT of Industrial Activities<\/strong> was <strong>76<\/strong> <strong>million<\/strong> (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 &amp; Administrative (SG&amp;A) expenses. <strong>Adjusted EBIT margin of Industrial Activities<\/strong> was <strong>2.5%<\/strong> (4.6% in Q3 2024).<\/p>\n<p align=\"justify\"><strong>Adjusted net income<\/strong> was <strong>40 million<\/strong> (94 million Q3 2024) with <strong>adjusted diluted earnings per share<\/strong> of <strong>0.15 <\/strong>(0.35 in Q3 2024). <\/p>\n<p align=\"justify\"><strong>Net financial expenses<\/strong> amounted to <strong>58 million<\/strong>, in line with Q3 2024. <\/p>\n<p align=\"justify\">Reported income tax expense was 17 million, with an <strong>adjusted Effective Tax Rate<\/strong> (adjusted ETR) of <strong>25<\/strong><strong>%<\/strong> in Q3 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>negative <\/strong>at<strong> 513<\/strong> <strong>million<\/strong>, 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. <\/p>\n<p align=\"justify\"><strong>Available liquidity<\/strong> of Continuing Operations was <strong>3,988 million<\/strong> as of 30<sup>th<\/sup> September 2025, including 1,890 million of undrawn committed facilities. Available liquidity of Discontinued Operations was 316 million as of 30<sup>th<\/sup> September 2025.<\/p>\n<p align=\"justify\">(*) 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.<\/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\/ad77d349-edcd-4b27-9ebe-82e2d8914c7e\">20251106_PR_IVG_Q3_2025<\/a>\n<\/li>\n<\/ul>\n<p><img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=MTAwMTEzNzI4NiM0MDIyNjA2MzUjMjIzMzE2OA==\" \/> <br \/><img decoding=\"async\" alt=\"\" src=\"https:\/\/ml-eu.globenewswire.com\/media\/YmU2NGM4N2MtZTY0OC00OWMwLWIwMjYtN2QxNzRmYzYxNDFkLTEyNDQ3MjEtMjAyNS0xMS0wNi1lbg==\/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 Third Quarter Results press release(*). The complete press release can be accessed by visiting the m","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-118980","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\/118980","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=118980"}],"version-history":[{"count":0,"href":"https:\/\/bluestudio.estadao.com.br\/agencia-de-comunicacao\/wp-json\/wp\/v2\/posts\/118980\/revisions"}],"wp:attachment":[{"href":"https:\/\/bluestudio.estadao.com.br\/agencia-de-comunicacao\/wp-json\/wp\/v2\/media?parent=118980"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bluestudio.estadao.com.br\/agencia-de-comunicacao\/wp-json\/wp\/v2\/categories?post=118980"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bluestudio.estadao.com.br\/agencia-de-comunicacao\/wp-json\/wp\/v2\/tags?post=118980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}