Turin, 8th February 2022

Iveco Group 2021 Full Year Combined Results

Iveco Group consolidated revenues of €12.6 billion (up 22% year on year).
Net income of €76 million and adjusted EBIT of Industrial Activities of €302 million.
Industrial Activities net cash at €1.1 billion.

Unaudited combined financial results presented under EU-IFRS(1)

«Today is our first earnings call as a newly listed company and 2022 is Year 1 for Iveco Group. We started this new chapter encouraged by the tireless effort of our employees, particularly in managing the continued challenges posed by the supply chain and the pandemic: I personally want to thank the entire team. Looking forward, our expectation for the current year is positive. We closed 2021 with a 77% increase in our worldwide order intake, and we are striving to run our production footprint at its full capacity. At the start of our journey as an independent organisation, we have all it takes to deliver on our commitments.»

Gerrit Marx, Chief Executive Officer

2021 Full Year Results

(all amounts € million, unless otherwise stated – comparison vs FY 2020)



Consolidated revenues
of which Net revenues of Industrial Activities




Adjusted EBIT of Industrial Activities
Adjusted EBIT Margin of Industrial Activities





Net income




Adjusted net income




Diluted EPS €




Adjusted diluted EPS €




Cash flow from operating activities




Free cash flow of Industrial Activities




Cash and cash equivalents




Available liquidity




(*)comparison vs 31st December 2020

(1) The financial information provided in this press release has been prepared to represent the combined historical results of operations, financial position and cash flows of the Iveco Group Business structure that is now controlled by Iveco Group N.V. following the demerger (the “Demerger”) of CNH Industrial N.V. occurred on 1st January 2022. This financial information has been derived from the consolidated financial statements and accounting records of CNH Industrial. The IFRS financial measures for the year ended 31st December 2020 have been derived from the audited Combined Financial Statements included in the Iveco Group N.V. Prospectus, published on 11th November 2021. The financial information included in this press release (1) is presented based on information currently available, (2) is intended for informational purposes, only, (3) is not necessarily indicative of and does not purport to represent what the Iveco Group operating results would have been had the Demerger occurred as described or what the future operating results will be after having given effect to the Demerger and (4) does not reflect any actions that might be taken by management after the Demerger.

(2) Non-IFRS financial measures: refer to the “Non-IFRS Financial Information” section of this press release for information regarding non-IFRS financial measures. Refer to the specific table in the “Other Supplemental Financial Information” section of this press release for the reconciliation between the non-IFRS financial measure and the most comparable IFRS financial measure.