Brief: Iveco expects some challenges in supply chain to continue in near term
10/02/2023 10:06
Feb 10 (Reuters) - Iveco Group NV IVG.MI says in
presentation prepared for analysts call:
* NO EXCEPTIONAL OR UNUSUAL ORDER CANCELLATIONS
IN Q4 - SLIDE
* INCREASED PRODUCTION COSTS WEIGHED FOR 584 MILLION EUROS
ON FY
2022 INDUSTRIAL ADJUSTED EBIT - SLIDE
* CO SEES GLOBAL MARKET OF LIGHT COMMERICAL VEHICLES UP 5%
IN
2023, FLAT FOR MEDIUM/HEAVY DUTY TRUCKS, BUSES - SLIDE
* CEO: SOME CHALLENGES IN SUPPLY CHAIN EXPECTED TO CONTINUE
IN
NEAR-TERM - SLIDE
* CEO: STILL UNCLEAR MACRO DEVELOPMENTS TO IMPACT INDUSTRY
DYNAMIC IN H2 2023 - SLIDE
* CEO: AVAILABLE LIQUIDITY EXPECTED TO REMAIN SOLID AT
END-2023,
ALLOWING COMPANY TO KEEP INVESTIN IN ENERGY TRANSITION - SLIDE
* INCREASED PRODUCTION COSTS WEIGHED FOR 165 MILLION EUROS
ON Q4
INDUSTRIAL ADJUSTED EBIT - SLIDE
* CO STRONGLY COMMITTED TO PROVIDE ITS INDUSTRIAL BUSINESSES
BEST
OPTIONS, INCLUDING PARTNERSHIPS, TO COMPLETE THEIR
TRANSFORMATION - SLIDE
Further company coverage: IVG.MI
(Reporting by Milan newsroom)