The Q3 21 results were once again above expectations with impressive price realisation particularly in AG. This offset the impact of cost inflation during the quarter, but Q4 is likely to be less favourable. The backlog continued to increase with high demand across-the-board in the US and Europe, arguing for a prolonged up-cycle period. IVECO Group should be listed on 3 January 2022 and take with it a quarter of the FS business.
12 Nov 2021
Impressive Q3 21 again; IVECO Group’s spin-off is well on track
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Impressive Q3 21 again; IVECO Group’s spin-off is well on track
The Q3 21 results were once again above expectations with impressive price realisation particularly in AG. This offset the impact of cost inflation during the quarter, but Q4 is likely to be less favourable. The backlog continued to increase with high demand across-the-board in the US and Europe, arguing for a prolonged up-cycle period. IVECO Group should be listed on 3 January 2022 and take with it a quarter of the FS business.