(Finance) – “M&A is not a driving force, but it is accretivefor example to acquire technology that will take us too long to develop on our own.” He stated this Gerrit Marx, CEO Of Iveco Groupanswering analysts’ questions during the Capital Markets Day underway in Turin.
“M&A is an area where we are super selective – he explained – If we like something we go all-in, or wish good luck, we are not interested in small odds”.
CFO Anna Tanganelli recalled that “the dividend policy is 25% of net profit. The amount of liquidity generated in the plan is substantial and We will see if something more can be done“.
“The buyback it is to cover the incentive plans and we do not intend to do much more than we have done in the past”, he pointed out.
When asked about the issue by analysts, the top manager added that “the liquidity gives us great flexibilityso we will continue to monitor what to do during the plan, but without a doubt the amount of cash generation is significant.”