MILAN (Reuters) - Truck maker Iveco Group on Wednesday raised again its forecasts for this year's results, after operating profits rose in the third quarter, as pricing, volumes and a better product mix more than offset higher raw material and energy costs.
The Italian manufacturer said its consolidated adjusted earnings before interest and tax (EBIT) would come between 420-440 million euros ($423-$443 million) this year, versus a previous estimate of between 400-420 million euros.
Net revenues of industrial activities are now seen up between 5-6% this year, compared to a previous forecasts of between 3-4%, Iveco said.
($1 = 0.9940 euros)
(Reporting by Giulio Piovaccari, editing by Cristina Carlevaro)
Price
|
Change
|
5d. change
|
Capi.
| ||
|---|---|---|---|---|---|
| 11.94 EUR | -0.67% | -4.86% | 3.41B | ||
