Iveco Group 2025 Second Quarter
A quarter of disciplined execution and positive free cash flow.
Full year guidance 2025 revised
Consolidated revenues amounted to €3,781 million compared to €3,919 million in Q2 2024. Net revenues of Industrial Activities were €3,702 million 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.
Adjusted EBIT was €215 million compared to €295 million in Q2 2024, with a 5.7% margin (7.5% in Q2 2024). Adjusted EBIT of Industrial Activities was € 187 million (€264 million in Q2 2024), with cost containment actions in Selling, General & Administrative (SG&A) and Research & Development (R&D) expenses partially offsetting lower volumes and mix, unfavourable pricing and product costs. Adjusted EBIT margin of Industrial Activities was 5.1% (6.9% in Q2 2024), with margin improvements in Bus and Defence.
Adjusted net income was €106 million (€182 million Q2 2024) with adjusted diluted earnings per share of €0.39 (€0.63 in Q2 2024).
Net financial expenses amounted to €71 million 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 The increase was primarily due to a positive impact of the Argentinian hyperinflation accounting in Q2 2024 (no longer applicable in this country starting from 1 st January 2025) and higher cost of hedge in 2025.
Reported income tax expense was €36 million, with an adjusted Effective Tax Rate (adjusted ETR) of 26 % in Q2 2025, which reflects the different tax rates applied in the jurisdictions where the Group operates and some other discrete items.
Free cash flow of Industrial Activities was positive at €145 million, 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.
Available liquidity was €4,713 million as of 30 th June 2025 (€4,709 million at 31 st March 2025), including €1,900 million of undrawn committed facilities.
Attachment
20250730_PR_IVG_Q2_2025
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
an hour ago
- Globe and Mail
Lando Norris claims McLaren's 200th F1 win in Hungarian Grand Prix
Lando Norris held off his McLaren teammate Oscar Piastri in a tense finish to win the Hungarian Grand Prix on Sunday and boost his Formula 1 title chances heading into the mid-season break. Norris clung on with worn tires as Piastri loomed behind him in the final laps. He claimed McLaren's 200th F1 win by less than a second to cut Piastri's standings lead to nine points from 16. 'I'm dead. It was tough, it was tough,' Norris said. 'The final stint, with Oscar catching, I was pushing flat out.' Norris briefly dropped to fifth on the first lap but made his tires last to stop only once, while Piastri changed tires twice. Piastri steadily cut into Norris' lead in the latter stages of the race but the British driver held on with old tires to take the win. Piastri nearly collided with his teammate while trying to pass on the second-to-last lap. George Russell took third for Mercedes after fighting his way past Ferrari's Charles Leclerc. Leclerc started on pole position with hopes of landing Ferrari its first Grand Prix win of the year, but ended up fourth after blaming the team for decisions he said left his car 'undriveable.'
Globe and Mail
3 hours ago
- Globe and Mail
TELUS International Reports Q2 2025 Financial Results with Increased Revenue but Net Loss
Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. TELUS International (CDA) ( (TSE:TIXT)) has issued an update. On August 1, 2025, TELUS International (CDA) Inc. released its unaudited financial results for the three and six months ended June 30, 2025. The company reported a revenue increase compared to the previous year, but faced a net loss due to higher operating expenses, including significant amortization and impairment costs. This financial performance may impact the company's market positioning and stakeholder confidence. The most recent analyst rating on (TSE:TIXT) stock is a Buy with a C$6.50 price target. To see the full list of analyst forecasts on TELUS International (CDA) stock, see the TSE:TIXT Stock Forecast page. Spark's Take on TSE:TIXT Stock According to Spark, TipRanks' AI Analyst, TSE:TIXT is a Neutral. TELUS International's stock is bolstered by strong cash flow and solid technical indicators, suggesting potential for future gains. However, challenges in profitability, valuation concerns due to a negative P/E ratio, and financial pressures highlighted in the earnings call temper the overall score. To see Spark's full report on TSE:TIXT stock, click here. TELUS International (CDA) Inc. operates in the technology services industry, offering digital customer experience solutions and IT services. The company focuses on providing innovative solutions to enhance customer interactions and streamline business processes. Average Trading Volume: 260,422 Technical Sentiment Signal: Sell Current Market Cap: C$1.44B Find detailed analytics on TIXT stock on TipRanks' Stock Analysis page.
Globe and Mail
3 hours ago
- Globe and Mail
TELUS Reports Q2 2025 Growth and Strategic Infrastructure Sale
Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Telus ( (TSE:T)) has shared an announcement. On August 1, 2025, TELUS Corporation announced its second-quarter 2025 financial results, highlighting a 2% increase in consolidated operating revenues to $5.1 billion, driven by strong customer growth in its mobile and fixed services. The company reported an 11% rise in free cash flow and reaffirmed its financial targets for 2025. TELUS also announced a significant transaction with La Caisse, selling a 49.9% stake in its wireless tower infrastructure operator Terrion for $1.26 billion, which is expected to aid in reducing its leverage ratio. Despite recognizing a $500 million impairment related to TELUS Digital, the company remains focused on sustainable growth and enhancing shareholder value. The most recent analyst rating on (TSE:T) stock is a Buy with a C$24.00 price target. To see the full list of analyst forecasts on Telus stock, see the TSE:T Stock Forecast page. Spark's Take on TSE:T Stock According to Spark, TipRanks' AI Analyst, TSE:T is a Neutral. Telus exhibits strong financial performance with effective cost management and cash flow generation. The technical analysis suggests stable market conditions, while the high dividend yield adds attractiveness despite a higher P/E ratio. Positive corporate events further enhance Telus's financial strategy and market standing. To see Spark's full report on TSE:T stock, click here. More about Telus TELUS Corporation is a leading Canadian telecommunications company that provides a wide range of telecommunications products and services including mobile and fixed-line services, internet, and television. The company is also heavily invested in health technology through its TELUS Health segment, and it focuses on expanding its PureFibre connectivity across Canada. Average Trading Volume: 3,512,550 Technical Sentiment Signal: Strong Buy Current Market Cap: C$34.04B Learn more about T stock on TipRanks' Stock Analysis page.
