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Iveco Group NV (IT:IVG)
:IVG
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Earnings Data
Report Date
Feb 07, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.34Last Year’s EPS
0.16Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 26, 2022
|% Change Since: 29.64%
|Next Earnings Date:Feb 08, 2022
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with strong performance in Bus and Defense segments, supported by robust pricing strategies and cost management. However, challenges in Truck volumes, Powertrain revenue declines, and regional market share pressures indicate underlying challenges. Despite these issues, the company remains on track to meet its financial targets.Company Guidance
During the Iveco Group's 2024 Third Quarter Results Conference Call, several key financial metrics and guidance details were discussed. The adjusted EBIT margin for Industrial Activities was reported at 5%, slightly down by 30 basis points from the previous year's all-time high. Free cash flow improved by €56 million compared to the same period last year. The company's consolidated net revenues stood at €3.4 billion, with Industrial Activities contributing €3.35 billion, marking a year-over-year contraction of 7.4%. Financial Services net revenues increased by 3.9% to €132 million. The adjusted EBIT of Industrial Activities reached €167 million, maintaining a 5% margin, while the group adjusted EBITDA was projected to be between €920 million and €970 million for the full year. The company expects to generate industrial free cash flow of €350 million to €400 million by year-end, with investments in property, plant, and equipment projected to be around €1 billion. Despite macroeconomic uncertainties, Iveco Group confirmed its financial guidance, highlighting continuous pricing discipline and efficiency program acceleration as significant factors in offsetting volume declines.Solid Free Cash Flow Improvement
Free cash flow performance improved by €56 million versus the same period last year, attributed to lower working capital absorption and recovery from the Q2 one-off impact.
Positive Pricing and Cost Management
The company maintained a strong pricing strategy and managed costs effectively, leading to a solid adjusted EBIT margin of 5% for Industrial Activities.
Bus Segment Growth and Backlog
Bus net revenues increased by 17.4% year-over-year, driven by higher volumes and a positive mix. The order book now covers production into 2026, with a 66% increase in order intake.
Defense Business Expansion
Defense net revenues grew by 32.7% year-over-year, supported by higher volumes and positive mix effects. Significant contracts with the Brazilian Army and RENK Group highlight strategic growth.
Financial Services Stability
Financial Services adjusted EBIT increased by €6 million year-over-year due to a higher receivables portfolio and improved collection performance.
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IT:IVG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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IT:IVG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | €9.21 | €10.20 | +10.75% |
| Jul 24, 2024 | €11.77 | €10.06 | -14.53% |
| May 10, 2024 | €11.72 | €11.74 | +0.17% |
| Feb 09, 2024 | €9.64 | €10.39 | +7.78% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Iveco Group NV (IT:IVG) report earnings?
Iveco Group NV (IT:IVG) is schdueled to report earning on Feb 07, 2025, TBA Not Confirmed.
What is Iveco Group NV (IT:IVG) earnings time?
Iveco Group NV (IT:IVG) earnings time is at Feb 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Iveco Group NV stock?
The P/E ratio of Iveco Group NV is N/A.
What is IT:IVG EPS forecast?
IT:IVG EPS forecast for the fiscal quarter 2024 (Q4) is 0.34.
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