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Iveco Group publishes the Informative Document concerning the sale of its Defence business
Globenewswire· 2026-03-31 16:00
Core Viewpoint - Iveco Group N.V. has announced the sale of its Defence business to Leonardo S.p.A., with the informative document regarding this transaction made available on its corporate website [1]. Company Overview - Iveco Group N.V. is a significant player in the automotive industry, rooted in Italian heritage and possessing a strong international presence [2]. - The company emphasizes engineering excellence and innovation, focusing on sustainable mobility and customer-driven technologies [2]. - Iveco Group operates five brands: IVECO (commercial vehicles), FPT (powertrain technologies), IVECO BUS and HEULIEZ (mass transit solutions), and IVECO CAPITAL (financing arm) [2]. - The company employs 33,000 people and has 16 industrial sites along with 22 R&D centers [2].
Iveco Group announces the results of the Extraordinary General Meeting
Globenewswire· 2026-03-25 10:00
Core Viewpoint - Iveco Group N.V. has announced the approval of an interim dividend distribution to shareholders following the sale of its Defence business to Leonardo S.p.A. [1] Group Summary - The Extraordinary General Meeting held on 25 March 2026 in Amsterdam approved the distribution of net proceeds from the Defence business sale [1] - The estimated net distributable dividend is projected to be between €5.7 and €5.8 per issued and outstanding common share, with the final amount to be determined by the Board of Directors by 15 April 2026 [2] - The ex-dividend date is set for 20 April 2026 [2] Company Overview - Iveco Group N.V. is a global player in the automotive industry, known for its strong Italian heritage and international reach [4] - The company employs 33,000 people and operates 16 industrial sites and 22 R&D centres, focusing on sustainable mobility and customer-driven technologies [4] - Its five brands include IVECO, FPT, IVECO BUS, HEULIEZ, and IVECO CAPITAL, each playing a significant role in their respective sectors [4]
Iveco Group transfers its Defence Business to Leonardo to create a European champion in the defence segment
Globenewswire· 2026-03-18 17:00
Core Viewpoint - Iveco Group N.V. has transferred full ownership of its Defence Business to Leonardo S.p.A. for an enterprise value of €1.7 billion, creating a stronger competitor in the European land defence segment [1] Group 1: Transaction Details - The sale price of the Defence Business is set at €1.6 billion, subject to closing adjustments, with final settlement expected by early April [1] - The Defence Business Unit had a book value of €313 million as of December 31, 2025, and has been classified as "Discontinued Operations" since Q3 2025 [4] Group 2: Shareholder Impact - Net proceeds from the sale will be distributed to shareholders as an extraordinary interim dividend, estimated at €5.7-5.8 per share [2] - The payment of the extraordinary dividend is anticipated to occur in April, with an ex-dividend date of April 20 [2] Group 3: Corporate Strategy - The transaction's completion is a condition for Tata Motors Limited's voluntary tender offer for all issued common shares of Iveco Group [5] - The agenda item regarding the spin-off of the Defence Business through a demerger has been removed from the Extraordinary General Meeting agenda [3] Group 4: Company Overview - Iveco Group is a global player in the automotive industry, employing 33,000 people and operating 16 industrial sites and 22 R&D centers [6] - The Group's brands include IVECO, FPT, IVECO BUS, HEULIEZ, and IVECO CAPITAL, focusing on various sectors including commercial vehicles and advanced powertrain technologies [6]
Iveco Group wraps up another year of social responsibility engagement
Globenewswire· 2025-12-22 11:00
Core Viewpoint - Iveco Group has made significant contributions to social impact initiatives globally in 2025, focusing on health, reducing inequality, and preserving biodiversity [1][2][11]. Group 1: Fostering Health and Wellbeing - The company supported the Fondazione Telethon NOF1 Project, which aims to diagnose ultrarare genetic diseases by identifying treatable mutations [3]. - In Ethiopia, Iveco Group aided the Gambella Town Primary Hospital by purchasing supplies to support pediatric and maternal health services [4]. Group 2: Reducing Inequality and Protecting Diversity - The 2025 edition of the Solidarity Cargo project in Brazil improved healthcare access and established an ophthalmology clinic offering free services to the local community [5]. - Iveco Group donated a food truck to the PizzAutobus project in Italy, which aims to create over 100 food trucks to generate approximately 500 permanent jobs for autistic individuals [6]. - The PRO-Jeunes project in Ivory Coast, in collaboration with Eni and the International Rescue Committee, provides training in automotive mechanics and solar energy to enhance employment opportunities for youth [7]. Group 3: Preserving Biodiversity - The Fishing for Litter campaign, in partnership with Ogyre, supports local fishers in collecting marine waste, with projects in Italy, Brazil, and Indonesia [8]. - The Cetacean Sanctuary Research Project received support from Iveco Group through the donation of marine engines for research vessels aimed at conserving marine life in the Mediterranean [9]. - In Tunisia, the Blu Radès project promotes sustainable fishing and resource management to protect the marine ecosystem while enhancing local fishing communities' entrepreneurial skills [10]. Group 4: Commitment to Impact Measurement - Iveco Group measures the impact of its initiatives to ensure they provide tangible benefits and contribute to sustainable community development [11].
Iveco Group N.V. to present its 2025 Third Quarter Results on 6th November 2025
Globenewswire· 2025-10-23 09:00
Core Points - Iveco Group N.V. will present its financial results for the Third Quarter of 2025 on 6 November 2025 [1] - A live audio webcast of the conference call will start at 11:00 a.m. CET / 10:00 a.m. GMT on the same day [1] - A replay of the conference call will be available on the company's website for those unable to attend live [2] Company Overview - Iveco Group N.V. is comprised of seven brands, including IVECO, FPT Industrial, IVECO BUS, HEULIEZ, IDV, ASTRA, and IVECO CAPITAL, each specializing in different sectors [3] - The company employs 36,000 people globally and operates 19 industrial sites and 30 R&D centers [3] - The brands focus on various markets such as commercial vehicles, advanced powertrain technologies, mass transit, defense equipment, and financing solutions [3]
Iveco Group announces agreement to sell Defence Business to Leonardo
Globenewswire· 2025-07-30 15:38
Core Viewpoint - Iveco Group has signed a definitive agreement to sell its Defence Business to Leonardo S.p.A. for an enterprise value of €1.7 billion, creating a European champion in the land defence segment [1][2]. Group 1: Transaction Details - The transaction is expected to be completed by 31 March 2026, pending regulatory approvals and carve-out completion [3]. - Upon completion, Iveco Group plans to distribute the net proceeds to shareholders through an extraordinary dividend [3]. Group 2: Strategic Implications - The sale allows both the Defence Business and commercial vehicles business to focus more strategically, enhancing their competitive capabilities [2]. - The partnership will combine mobility solutions and protected platforms from Iveco's Defence Business with Leonardo's advanced systems, delivering comprehensive land defence capabilities [2]. Group 3: Financial Performance - The Defence Business, comprising Iveco Defence Vehicles (IDV) and ASTRA, generated revenues of €1.1 billion in 2024 [5].
Iveco Group N.V. to present its 2025 Second Quarter Results on 31st July 2025
Globenewswire· 2025-07-28 09:00
Group 1 - Iveco Group N.V. will release its financial results for Q2 2025 on July 30, 2025, with a conference call scheduled for the following morning [1] - A live audio webcast of the conference call will start at 11:00 a.m. CEST / 10:00 a.m. BST on July 31, 2025 [1] - The press release and presentation materials will be available on the corporate website prior to the conference call [2] Group 2 - Iveco Group N.V. encompasses seven brands, including IVECO, FPT Industrial, IVECO BUS, HEULIEZ, IDV, ASTRA, and IVECO CAPITAL, each specializing in different sectors [3] - The company employs 36,000 people globally and operates 19 industrial sites along with 30 R&D centers [3]
Iveco Group N.V. to present its 2025 First Quarter Results on 15th May 2025
Globenewswire· 2025-04-28 09:00
Group 1 - Iveco Group N.V. will present its financial results for Q1 2025 on May 15, 2025 [1] - A live audio webcast of the conference call will start at 11:00 a.m. CEST / 10:00 a.m. BST on the same day [1] - A replay of the conference call will be available in the Investors section of the company website after the live session [2] Group 2 - Iveco Group N.V. encompasses several brands, including IVECO, FPT Industrial, IVECO BUS, HEULIEZ, IDV, ASTRA, and IVECO CAPITAL, each specializing in different sectors [3] - The company employs 36,000 people globally and operates 19 industrial sites and 30 R&D centers [3]
Iveco Group publishes its 2024 Annual Report and calls the Annual General Meeting
GlobeNewswire News Room· 2025-03-05 18:45
Core Points - Iveco Group N.V. filed its 2024 Annual Report with the Netherlands Authority for the Financial Markets, which includes a Sustainability Statement [1] - The Annual Report will be discussed at the Shareholders' Annual General Meeting scheduled for 16th April 2025, which includes a proposal for a cash dividend of €0.33 per outstanding common share [2][3] - The common shares will be quoted ex-dividend on 22nd April 2025, with the record date on 23rd April 2025 and payment on 24th April 2025 [3] - The 2024 Annual Report includes a reclassification of the post-tax loss on the disposal of the Fire Fighting business, impacting the Profit/(loss) from Discontinued Operations but not the total reported Net Income [4] - Iveco Group operates under seven brands, employing 36,000 people globally, with 19 industrial sites and 31 R&D centres [5]