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The latest update is out from Iveco Group NV ( (IT:IVG) ).
Iveco Group NV reported solid financial results for 2024, with an adjusted EBIT of 982 million euros and net revenues of 14,948 million euros, despite a decrease in consolidated revenues due to lower volumes. The company plans a spin-off of its Defense business in 2025 to streamline operations and focus on strategic flexibility. The Board has proposed a dividend of 0.33 euros per share, reflecting confidence in its financial stability, and plans to implement a share buyback program. Iveco Group remains committed to operational efficiency and quality, anticipating market stabilization in heavy vehicles in 2025 while adjusting its efficiency program to save 300 million euros.
More about Iveco Group NV
Iveco Group NV operates in the industrial manufacturing sector, focusing on the production of commercial vehicles, trucks, buses, and defense-related vehicles. The company also engages in powertrain manufacturing, with a growing emphasis on electric solutions, and has a significant presence in European markets.
YTD Price Performance: 24.25%
Average Trading Volume: 2,845,893
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: €4.01B
Find detailed analytics on IVG stock on TipRanks’ Stock Analysis page.
