Brief: Iveco Sees 2028 Adj. Net Income At About EUR 0.9 Bln In New Strategic Plan

Ford Otomotiv Sanayi AS

14/03/2024 12:00

March 14 (Reuters) - Iveco Group NV  IVG.MI :
    * SEES BY 2028 ADJUSTED. EBIT MARGIN OF DEFENCE UNIT BETWEEN
12%-13%
    * SEES 2028 FCF FROM INDUSTRIAL ACTIVITIES AT ABOUT 0.9
BILLION
    * SEES 2028 NET REVENUES FROM INDUSTRIAL ACTIVITIES AT ABOUT
EUR
19 BILLION
    * SEES 2028 ADJUSTED. EBIT MARGIN FROM INDUSTRIAL ACTIVITIES
BETWEEN 7%-8%
    * SEES BY 2028 REVENUES OF DEFENCE UNIT BETWEEN EUR 1.2-1.3
BILLION
    * SEES 2028 ADJUSTED DILUTED EPS ABOVE EUR 3PER SHARE
    * TO EXTEND PARTNERSHIP WITH HYUNDAI MOTOR INTO HEAVY-DUTY
TRUCKS
TO INCLUDE BATTERY ELECTRIC TRUCKS, FUEL CELL ELECTRIC TRUCKS
FOR EUROPEAN MARKETS
    * SEES 2028 ADJUSTED. NET INCOME AT ABOUT EUR 0.9 BILLION
    * ANNOUNCES NON-BINDING MOU WITH FORD OTOSAN TO DEVELOP
JOINT
CABIN STRUCTURE FOR HEAVY-DUTY TRUCKS

Further company coverage:  IVG.MI 

 (Reporting by Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48587720920;))