(Finance) – Clear acceleration in Piazza Affari for the Iveco Groupmanufacturer of commercial vehicles, buses and defense vehicles, which is the better than the FTSE MIB after the announcement of the new strategic plan at today’s Capital Markets Day in Turin.
Iveco aims to reach al 2028 for them Industrial Activities net revenues of approximately 19 billion euros, Adjusted EBIT margin between 7 and 8% and free cash flow of approximately 0.9 billion euros. At a consolidated level, it aims for an Adjusted Net Income of approximately 0.9 billion euros and an Adjusted diluted EPS of more than 3 euros per share.
The group also announced some news regarding partnerships: will extend and deepen its existing partnership with Hyundai Motor in electric heavy-duty trucks for the European market, both battery and hydrogen, and has signed a preliminary agreement with Ford Trucks for potential cooperation in the development of heavy-duty truck cabs.
Excellent performance IvecoThat it stands at 12.78 euroswith a 5.01% increase. At an operational level, a continuation of the bullish session is expected with resistance seen at 12.98 and subsequently at 13.59. Support at 12.37.