# Italy’s Iveco ups 2023 guidance after operating profit jump
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2023-05-11
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: Iveco Raises 2023 Guidance After Profit Jump
Meta Description: Italian truckmaker Iveco increases earnings forecast for 2023 following a 63.4% surge in adjusted operating profits. Learn more from Reuters.
URL: https://financedigest.com/italys-iveco-ups-2023-guidance-after-operating-profit-jumphtml

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# Italy’s Iveco ups 2023 guidance after operating profit jump

(Reuters) – Italian truckmaker Iveco on Thursday raised its guidance for this year, after posting a 63.4% rise in adjusted operating profits in the first quarter.

The manufacturer said its adjusted earnings before interest and tax (EBIT) from industrial activities would come in between 510-550 million euros ($561.41-$605.44 million) this year, up from a previous forecast of between 460-500 million euros.

Its EBIT from industrial activities stood at 134 million euros in the January to March period.

($1 = 0.9084 euros)

(Reporting by Federica Urso, editing by Gavin Jones)


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