Home Business CNH Industrial: post-demerger Iveco aims at 2026 net revenues of up to 17.5 billion, net profit between 600 and 800 million

CNH Industrial: post-demerger Iveco aims at 2026 net revenues of up to 17.5 billion, net profit between 600 and 800 million

by admin

CNH Industrial today announced the ambitions to 2026 of Iveco Group, the subsidiary which, thanks to the spin-off operation, therefore with the demerger, will become “a leading global company in the Commercial & Specialty Vehicles sectors (commercial and special vehicles). Powertrain and related Financial Services “.

The spin-off, it was again specified by CNH, will become effective starting from 1 January 2022: subsequently on 3 January 2022, the first session of the year for Piazza Affari, Iveco will make its official entry on the Stock Exchange.

In announcing the objectives to 2026, Iveco announced on the occasion of today’s Investor Day that it expects total net revenues from industrial activities to be between 16.5 and 17.5 billion euros, compared to 11.8 billion. billions in 2019; that the adjusted EBIT margin of industrial activities will be between 5% and 6% (3.6% in 2019) and that the adjusted net profit will fall within a range of between 0.6 and 0.8 billion euros, compared to to € 0.3 billion in 2019.

Iveco, it continues, will focus on “focusing on the creation of sustainable value through the continuous adoption of new technologies and strategic partnerships for a step change in financial performance”.

CNH Industrial reiterated that shareholders will receive 1 new Iveco Group share for every 5 CNH shares
Industrial held. The note also shows that Iveco “has signed The Climate Pledge, a commitment founded jointly by Amazon and Global Optimism, to achieve net zero CO2 emissions by 2040”.

On the occasion of the Investor Group, Iveco indicated that the demerger from Cnh Industrial “aims to maximize management focus and flexibility, align investment priorities and incentives, better meet the respective business needs and optimize the cost structure and of the capital of each company, promoting profitable growth “.

0 comment
0

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy