(Il Sole 24 Ore Radiocor) - Milano, 17 giu - The Italy-headquartered commercial vehicle group Iveco expects to see growth in revenue and adjusted EBIT in 2026, along with a return to cash generation in its industrial activities, said Olof Persson, the CEO of Iveco, in a note following Iveco's annual general meeting.

'During 2025, we began to focus much more sharply on quality across the company. Alongside this, we continued to accelerate our Efficiency Programme, building a company that is leaner, more disciplined and more predictable," said Persson.

Iveco said that shareholders approved all the resolutions proposed by its board in the AGM. That included the re-appointment of Persson and Suzanne Heywood as executive directors, with their re-appointment as CEO and chair, respectively, subsequently approved by the board.

Shareholders also extended the Iveco board's authorization to issue special voting shares and authorized it to buy back up to 10 million common shares for a maximum investment of 130 million euros in the period of 18 months from the date of the AGM.

Heywood noted that 2025 was marked by Iveco's sale of its defence business to the Italian defence group Leonardo and a voluntary tender offer from India's Tata Motors to acquire the remaining activities of Iveco. "Together, we can create an international powerhouse with broader reach, a stronger product portfolio and greater capacity to invest through the business cycle," Heywood said. "Based on the information received from Tata Motors, the transaction is expected to.

close by the third quarter of 2026."

(RADIOCOR) 17-06-26 15:21:13 (0477) 5 NNNN