Iveco Group Releases 2024 Annual Report and AGM Details

Iveco Group Announces Its 2024 Annual Report

Turin, Italy — Iveco Group N.V. (EXM: IVG) has taken a significant step by filing its 2024 Annual Report with the Netherlands Authority for the Financial Markets (AFM). The report is designed in the European Single Electronic Format (ESEF) and incorporates a comprehensive sustainability statement that adheres to the Corporate Sustainability Reporting Directive on a voluntary basis. Investors and interested parties can access this document in the Investors section on Iveco Group's official website.

Insights into the Upcoming Annual General Meeting

The Annual General Meeting (AGM) for shareholders is an important event on the calendar, and this year it is scheduled to take place in Amsterdam. While discussions will center around the Annual Report, key topics will include the company's dividend policy and the proposal of a €0.33 cash dividend per outstanding common share. Additional matters include the advisory voting of the remuneration report, granting discharge to Board members, appointing Directors, and confirming Deloitte Accountants B.V. as the independent auditor for the company.

Key Dates for Shareholders

For shareholders interested in the dividend, it’s essential to note that the shares will be quoted ex-dividend on a specified date, followed by a record date just a day later. On this timeline, the dividend payout will occur, allowing members to receive their dividends promptly. This structured approach ensures transparency and encourages investor participation.

Annual Report Highlights

The recently published Annual Report contains valuable insights beyond the financial figures. It highlights various operational sectors within the company, such as the different brands under the Iveco umbrella, including the heavy and medium-duty trucks by IVECO, and advanced powertrain technologies by FPT Industrial. Furthermore, IVECO BUS and HEULIEZ stand out in the mass-transit sector, contributing to sustainable public transport solutions. With a large workforce of around 36,000 employees and numerous industrial sites worldwide, the report provides a glimpse into the company’s extensive operational reach.

Understanding Recent Business Developments

The report reveals a reclassification concerning the post-tax loss on the sale of their Fire Fighting business, emphasizing how this restructuring impacts the overall financial measurements. While such adjustments may seem minute, they play a critical role in offering genuine insight into the company's continuous improvement strategy.

Commitment to Sustainability

With a dedicated focus on sustainability, Iveco Group is committed to fostering a cleaner environment through innovative vehicle designs and practices that meet modern standards. Ongoing investment in research and development is pivotal in this trajectory, with an emphasis on reducing carbon footprints across all operations.

Frequently Asked Questions

What is the significance of the 2024 Annual Report for Iveco Group?

The 2024 Annual Report provides essential insights into the company's financial health and future direction, reflecting their commitment to transparency for shareholders.

When and where will the Annual General Meeting take place?

The Annual General Meeting is scheduled for mid-April in Amsterdam, where significant company policies will be discussed.

What is the proposed dividend per share for 2024?

The proposal suggests a cash dividend of €0.33 for each outstanding common share.

How is the reclassification of the Fire Fighting business relevant?

This reclassification provides a clearer picture of the company's profitability and operations, ensuring accurate financial reporting.

Where can I find more information about Iveco Group?

Additional details about the company and its operations can be found on the official Iveco Group website in the Investors section.

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