Turin, 9th November 2022

Iveco Group 2022 Third Quarter Results

Iveco Group consolidated revenues of €3.5 billion (up 19% year on year).
Adjusted EBIT of €101 million and adjusted net income of €30 million.
Net cash of Industrial Activities at €561 million.

“For the third quarter in a row, we have achieved a three-digit Adjusted EBIT, and our seasonal free cash flow absorption was €316 million better compared to the same period in 2021. These results and the other solid fundamentals allow us to raise again our guidance for the year, despite all the continuing headwinds that our industry is facing. On the commercial side, we launched and opened the order books for the eDAILY, our new electric van with a gross vehicle weight of up to 7.2 tons, and the battery-electric Nikola Tre for the European markets, with a range of up to 500 km - both will be available in the market in 2023. We also presented the first prototype of a hydrogen DAILY, powered by the renowned Hyundai fuel cell technology, and a running beta version of a fuel cell electric Nikola Tre. I congratulate the team for successfully delivering on our financial targets, while always going beyond through innovations and clear commitments to sustainability.”

Gerrit Marx, Chief Executive Officer

2022 Third Quarter Results(1)(2)

(all amounts € million, unless otherwise stated – comparison vs Q3 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 30th June 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 nine months ended 30th September 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.