FROM THE ENROLLMENT TO MILAN. The Iveco Group adventure in Piazza Affari starts from an indicative price of 11 euros, for a total capitalization close to 3 billion euros. The reborn company led by CEO Gerrit Marx is the first 2022 freshman of the Italian Stock Exchange, after the spin-off from CNH Industrial. “We are excited to start this new chapter of our history – said the CEO at the inaugural ceremony in the Borsa Italiana building – aware that we will have to face new challenges starting from the fight against climate change, but guided by a clear vision of the path that awaits us. “.
The financial objectives are those announced on the investor day a month and a half ago. The group
It aims to reach total net revenues of industrial activities between 16.5 and 17.5 billion euros by 2026, compared to 11.8 billion euros in 2019, with a compound annual growth rate of up to 5%. The target for the adjusted EBIT margin of industrial activities is 5-6%, up to 240 basis points compared to the 3.6% recorded in 2019. As regards the target for adjusted net profit, it is set between 0 , 6 and 0.8 billion euros, compared to 0.3 billion euros in 2019. No dividends will be distributed for the first year.