Turin, 10th February 2023

Iveco Group 2022 Full Year Results

Iveco Group consolidated revenues of €14 billion (up 13% year on year).
Adjusted EBIT of €527 million and adjusted net income of €225 million.
Net cash of Industrial Activities at €1,727 million,
with positive free cash flow of Industrial Activities of €690 million.
Initiating the approval process for a Share Buy-Back Programme up to 10 million common shares.


“We closed our first year as an independently listed company, proving that the Iveco Group team knows how to work side-by-side, facing unprecedented challenges to deliver solid results across all business segments. The numbers for 2022 mirror our focus on fulfilling commitments and generating cash: our consolidated adjusted EBIT totalled €527 million, and the free cash flow of Industrial Activities was positive at €690 million. This sets the stage for our ‘Year 2’ and bolsters our dedication to the continuous transformation of our organisation, while we still tackle challenging geopolitical and supply chain factors. We will double down on our efforts to enter partnerships and maintain the positive trend in medium and heavy trucks, outpace in our core lines for light commercial vehicles, hold our leading position in the bus market particularly with our electric range, grow our powertrain business quarter after quarter, and continue innovating our financial services offering around GATE. We will achieve these targets with the support of technological advancements and strong, loyal partners, aligned with our unwavering commitment to advance a more sustainable society.”

Gerrit Marx, Chief Executive Officer

2022 Full Year Results(1)(2)

(all amounts € million, unless otherwise stated – comparison vs FY 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 December 2021

(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 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.