IVECO - Risultati sopra le attese, guidance migliorata

Fatto

Iveco ha comunicato i seguenti risultati del 1Q 2023:

•    Ricavi 3,399 mld di euro (+12% YoY), vs Int./Cons. a 3,323/3,403 mld, +2%/ -0%;

•    Ricavi Industriali 3,328 mld (+11% YoY), vs Int./Cons. a 3,252/3,350 mld, +2%/ -1%;
o    Comm. & S. V. 2,805 mld (+12% YoY), vs Int./Cons. a 2,702/2,795 mld, +4%/ +0%
o    Powertrain 1,113 mld (+14% YoY), vs Int./Cons. a 1,085/1,056 mld, +3%/ +5%

•    Adj. EBIT consolidato 162 mln (+59% YoY, 4.8% margin), vs Int./Cons. a 134/140 mln, +21%/ +16%

•    Adj. EBIT industriale 134 mln (+63% YoY, 3.9% margin), vs Int./Cons. a 112/119 mln 
o    Comm. & S. V. 127 mln (+37% YoY), vs Int./Cons. a 113/118 mln, +12%/ +8%
o    Powertrain 61 mln (+36% YoY), vs Int./Cons. a 52/52 mln, +17%/ +17%

•    Adj. net profit 63 mln (+50% YoY), vs Int./Cons. a 45/49 mln

•    FCF industriale -593 mln vs -166 mln in 1Q22, vs Int./Cons. a -310/-347 mln

•    Net debt 1,103 mld, vs Int./Cons. a 1,362/1,368 mld

2023 guidance migliorata:
 

•    Ricavi Industriali 14.6-14.9 mld (da 14.5-14.6 mld), +3/5% YoY, vs Int./Cons. a 14.6/14.7 mld, +2/1%

•    Adj. EBIT consolidato a 600-640 mln (da 550-590 mln), +14/21% YoY, vs Int./Cons. a 590/585 mln, +5/6%

•    Adj. EBIT industriale a 510-550 mln (da 460-500 mln), +20/30% YoY, margin of 3.5/3.7% (vs 3.2/3.4% prev.), vs Int./Cons. a 500/493 mln, +6/8%

•    Net Industrial Cash confermato a 2.0 mld vs Int. a 2.0 mld.
 

Effetto