Q3 2025 Iveco Group NV Earnings Call Transcript
Key Points
- Iveco Group NV (IVCGF) maintained a high focus on long-term vision and disciplined execution of efficiency measures, leading to cost savings.
- The company successfully protected its leadership position in the LCV chassis cab subsegment despite challenging pricing dynamics.
- Iveco Group NV (IVCGF) saw a 17% increase in European order intake for light commercial vehicles, indicating a potential recovery.
- The bus segment demonstrated strong competitive positioning with a 55.1% market share in the intercity segment, boosted by the introduction of electric models.
- The powertrain business unit signed new third-party customer contracts, supporting future growth and profitability improvements.
- European deliveries for light commercial vehicles were down 27% year over year, impacting profitability.
- The truck business unit faced a challenging environment in the chassis cab subsegment, leading to an 11% contraction in net revenues.
- The adjusted EBIT margin for industrial activities contracted by 210 basis points compared to Q3 2024.
- Free cash flow absorption was significant at €513 million, broadly in line with last year's performance.
- The defense business unit's adjusted EBIT margin decreased by 10 basis points compared to Q3 2024, despite higher volumes.
Good morning everyone. I would like to welcome you to this webcast and conference call for Iveco Group third quarter financial results for the period ending 30th September 2025.
(Operator Instructions)
(Austin) today call our Iveco Group CEO Olof Persson and me Federico Donati, head of investor relations, standing in for the financial section usually covered by our CFO, as Anna Tanganelli could not be present today.
Please note that any forward-looking statement we make during today's call are subject to the risks and uncertainties mentioned in the safe harbor statement included in the presentation material.
Additional information relating to factors that could cause actual results to differ from forecast and expectation is contained in the company's most recent annual report, as well as other recent reports and filings with the authorities in the Netherlands and Italy.
The company presentation may include certain non-IFRS financial measures. Additional information, including reconciliation to the
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