Iveco posts quarterly loss, says Tata takeover expected to close in Q3

Tata Motors

07/05/2026 07:24

May 7 (Reuters) - Italian truckmaker Iveco IVG.MI, set to be acquired by India's Tata Motors TATM.NS, said on Thursday its adjusted net result swung to a loss of 74 million euros ($87 million) in the first quarter, from a profit of 60 million euros a year ago.

Iveco also said that Tata Motors' tender offer was expected to close by the third quarter of 2026, and not in the second quarter as previously estimated.

The negative results follow the sale of Iveco's defence unit to Italy's Leonardo DRS.O, which was finalised in March

Q1 adjusted operating loss from industrial activities was 90 million euros, compared to a profit of 82 million euros in 2025

Net revenue from industrial activities amounted to 2.8 billion euros in the quarter

($1 = 0.8510 euros)

(Reporting by Anna Uras in Gdansk, editing by Milla Nissi-Prussak)

((Anna.Uras@thomsonreuters.com))