Q2 revenue 3.919 bln eur, down 5.0% (Il Sole 24 Ore Radiocor) - Milan, 24 Jul - The Italian commercial vehicle producer Iveco said that in the second quarter adjusted net income rose 15 million euros from a year earlier to 182 million, while adjusted diluted earnings per share increased 0.02 euros to 0.63 euros.

Consolidated revenues dropped 5.0% to 3.919 billion euros as net revenues of industrial activities slipped 5.8% to 3.819 billion, due to lower volumes mainly in Europe, negative mix and an adverse foreign exchange impact.

Adjusted EBIT declined 16 million euros to 295 million, with a 7.5% margin, in line with the previous year. Adjusted EBIT of industrial activities dropped 12 million euros to 264 million and the margin was up 0.10 percentage points to 6.9%.

Free cash flow of industrial activities was negative at 98 million euros against a positive 135 million a year earlier.

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(RADIOCOR) 24-07-24 08:37:53 (0194) 5 NNNN