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Iveco Group NV ( (IT:IVG) ) has provided an announcement.
Iveco Group NV reported a challenging first quarter of 2025, with a decline in financial metrics due to reduced demand in the European truck segment and a transition to new vehicle models. Despite this, the company maintained its financial outlook for the year, highlighting strong order intake and strategic partnerships. The Board of Directors decided to spin off the Defence business, exploring potential buyers, and emphasized the company’s preparedness for future growth through operational adjustments and strategic initiatives.
The most recent analyst rating on (IT:IVG) stock is a Buy with a EUR11.50 price target. To see the full list of analyst forecasts on Iveco Group NV stock, see the IT:IVG Stock Forecast page.
More about Iveco Group NV
Iveco Group NV operates in the automotive industry, focusing on the production of commercial vehicles, buses, and powertrains. The company is known for its strategic partnerships and diversified business model, with a market focus on Europe and Latin America.
Average Trading Volume: 2,344,743
Technical Sentiment Signal: Buy
Current Market Cap: €5.6B
Learn more about IVG stock on TipRanks’ Stock Analysis page.