Turin, Jul. 4 (Korea Bizwire) – Iveco Group N.V. (EXM: IVG), a global automotive leader active in the Commercial & Specialty Vehicles, Powertrain and related Financial Services arenas, has successfully raised a Schuldschein loan (a private placement governed by German law) for 290 million euros. The loan comprises two tranches with maturities at three and five [...]
Turin, 21stJune 2024 . Iveco Group N.V. (EXM: IVG) (the Company) announces the launch of an initial tranche (up to € 60,000,000) of a share buyback program with the aim of repurchasing up to 10,000,000 Common Shares for a maximum total allocation of € 130,000,000 for the whole buyback initiative, as per the resolution taken by the [...]
Turin, 20th May 2024 (Korea Bizwire) – Iveco Group N.V. (EXM: IVG) today announces that Veronica Quercia will assume the role of Chief Human Resources Officer (CHRO) as of 1st July 2024, succeeding Francesco Tutino who will leave the Company the 31st of May, as previously announced. Ms Quercia will be a member of the Senior Leadership Team (SLT) [...]
The following is an extract from the “Iveco Group 2024 First Quarter Results” press release(*). The complete press release can be accessed by visiting the media section of the Iveco Group corporate website: https://www.ivecogroup.com/media/corporate_press_releases or consulting the accompanying PDF: Iveco Group consolidated revenues of €3.4 billion (in line with Q1 2023). Adjusted EBIT of €233 million (up €59 [...]
Turin, Apr. 21 (Korea Bizwire) – The Board of Iveco Group N.V. (EXM: IVG) (or “the Group”) announces that Olof Persson will succeed Gerrit Marx as Group CEO when the latter leaves the Group to take up his appointment as the CEO of CNH Industrial N.V. (NYSE: CNHI) on 1st July 2024. Mr. Persson, who is currently [...]
Turin, 17th April 2024 (Korea Bizwire) – Iveco Group N.V. (EXM: IVG) (the Company or IVG) announces that its shareholders approved all the resolutions proposed by the Board of Directors (the Board) at its Annual General Meeting (AGM) held today in Amsterdam, the Netherlands. The AGM: adopted the 2023 Annual Financial Statements; approved the proposal to distribute [...]
Turin, Apr. 8 (Korea Bizwire) – Iveco Group (EXM: IVG) announces the publication on its corporate website of its quarterly figures for 2022 and 2023 duly recast according to the Company’s new segment reporting structure by Business Unit, as presented on 14th March 2024 and effective starting from 1st January 2024. The new reporting structure lists the Revenue [...]
Turin, Mar. 18 (Korea Bizwire) – Iveco Group N.V. (EXM: IVG) today announces that Francesco Tutino, having contributed importantly to the Company’s successful spin-off and first two years of independence in his role as Chief Human Resources & IT Officer, will be taking up a new position in another industry sector within the end of the [...]
Turin, 15th March 2024 (Korea Bizwire) – At its Capital Markets Day held yesterday in Turin, Italy, Iveco Group (EXM: IVG) presented its revised guidance for 2024 and, within its new Strategic Business Plan (SBP), financial targets at 2026 and 2028. Both the updated guidance and the future targets take into account the exclusion of the Fire [...]
First time disclosure of performance and plan for its five Business Units: Truck, Bus, Defence, Powertrain and Financial Services Transfer of ownership of MAGIRUS Firefighting Business Unit to Mutares; closing by January 2025 Key financial targets of Industrial Activities for 2028 include: Net Revenues of approximately €19 billion, Adj. EBIT margin of 7 to 8%, [...]