Turin, 28th July 2022

Iveco Group 2022 Second Quarter Results

Iveco Group consolidated revenues of €3.4 billion (up ~2% year on year).
Adjusted net income of €60 million and adjusted EBIT of €118 million.
Net cash of Industrial Activities at €625 million.

“As we anticipated, the second quarter was fiercely challenged by continued supply chain issues, raw material and energy cost increases, and political instability. And yet, this didn’t stop us in both running our business effectively and strengthening our partnership network. We achieved a remarkable €118 million of Adjusted EBIT, mainly driven by solid industrial activity performance and higher profitability in our captive financial business, and our book-to-bill is decidedly positive, showing that the demand for our products remains strong across the board. On the partnership side, we forged close ties with Eni on several programmes, and just lately we announced the supply of fuel cells by HTWO, a Hyundai brand, for our future hydrogen buses. All in all we are on track, delivering sound results and running the industrial machine at the right pace: we have now built the fleet we need to swiftly supply our customers, in the coming months and across all segments, with the vehicles and engines they demand.”

Gerrit Marx, Chief Executive Officer

2022 Second Quarter Results(1)(2)

(all amounts € million, unless otherwise stated – comparison vs Q2 2021)



Consolidated revenues
of which Net revenues of Industrial Activities



Adjusted EBIT
of which Adjusted EBIT of Industrial Activities




Profit/(loss) for the period



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 March 2022

(1) Iveco Group reports quarterly and annual consolidated financial results under EU-IFRS. The tables and discussion related to the financial results of the Company and its segments shown in this press release are prepared in accordance with EU-IFRS.

(2) On 1 January 2022 the demerger of CNH Industrial N.V. took legal effect. The 2021 figures presented in this press release relate to activities transferred to Iveco Group N.V. and are derived from CNH Industrial consolidated financial statements for the semi-annual of 2021 and for the year ended 31 December 2021.

(3)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.