(Alliance News) - Iveco Group NV presented its new strategic plan to 2028 and the "Unlimited Pathways" for its five business units Truck, Bus, Defense, Powertrain, and Financial Services at Capital Markets Day on Thursday.

Regarding financial aspects, key targets for industrial activities to 2028 include net revenues of about EUR19 billion, adjusted Ebit margin between 7 percent and 8 percent, free cash flow of about EUR900 million. At the consolidated level, the company expects adjusted net income of EUR900 million and adjusted diluted earnings above EUR3 per share.

"The decision to hold a Capital Markets Day two years after the first Investor Day in November 2021 is motivated by the group's recent results: at the end of 2023 Iveco Group had already achieved its planned targets for 2026, or was ahead of the trajectory for their achievement," the statement said.

The group's trajectory is based on four pillars: innovation, in which it will invest more than EUR5.5 billion from 2024 to 2028; financial discipline; partnership; and sustainability.

Iveco Group's stock trades in the green by 4.5 percent at EUR12.72 per share.

By Chiara Bruschi, Alliance News reporter

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