Iveco Group Q3 adjusted EBIT falls to €30 million from €111 million

what happened

According to Dow Jones Newswires, Iveco Group published its third-quarter 2026 results, which were clearly weaker than a year earlier on key measures. Adjusted EBIT came in at €30 million against €111 million in the same quarter of 2025, and the adjusted net loss reached €32 million compared with a €40 million profit a year earlier. Consolidated revenue grew 1.4% to €3.158 billion.

The company attributes the pressure on profit to spending on quality initiatives, an unfavourable product mix and inflation. Adjusted EBIT of Industrial Activities was nil, against €76 million a year earlier. Free cash flow was negative at €656 million, versus minus €513 million in 2025, driven by working capital absorption and higher investments. Available liquidity stood at €3.713 billion, including €1.9 billion of undrawn committed facilities.

Management expects profitability to recover in the fourth quarter of 2026, but it flagged weaker demand for light commercial vehicles and macroeconomic uncertainty. CEO Olof Persson said the peak of quality spending came in the third quarter and will gradually decline from here.

why it matters

The results show Iveco working through a period of high costs: quality spending and a weaker mix are squeezing margins, and the cash outflow makes the expected fourth-quarter recovery the key question for investors. The company is now part of Tata Motors following the completion of the tender offer.

market impact

Iveco Group shares: weak profit and negative cash flow weigh on the stock.

• ▼Iveco Group shares pressure down — lower adjusted profit and negative free cash flow

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