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Iveco posts quarterly loss, says Tata takeover expected to close in Q3
Finance

Iveco posts quarterly loss, says Tata takeover expected to close in Q3

Published by Global Banking & Finance Review

Posted on May 7, 2026

1 min read

· Last updated: May 7, 2026

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Iveco Reports Quarterly Loss as Tata Takeover Timeline Delayed to Q3 2026

Quarterly Financial Results and Tata Acquisition Update

May 7 (Reuters) - Italian truckmaker Iveco, set to be acquired by India's Tata Motors, said on Thursday its adjusted net result swung to a loss of 74 million euros ($87 million) in the first quarter, from a profit of 60 million euros a year ago.

Tata Motors Tender Offer Timeline

Iveco also said that Tata Motors' tender offer was expected to close by the third quarter of 2026, and not in the second quarter as previously estimated.

Key Financial Highlights

  • The negative results follow the sale of Iveco's defence unit to Italy's Leonardo, which was finalised in March
  • Q1 adjusted operating loss from industrial activities was 90 million euros, compared to a profit of 82 million euros in 2025
  • Net revenue from industrial activities amounted to 2.8 billion euros in the quarter
Currency Exchange Rate

($1 = 0.8510 euros)

Reporting Credits

(Reporting by Anna Uras in Gdansk, editing by Milla Nissi-Prussak)

Key Takeaways

  • Iveco swung to an adjusted net loss of €74 million in Q1 2026, from a €60 million profit in Q1 2025, with an adjusted operating loss of €90 million.
  • The sale of the defence business to Leonardo, finalised in mid‑March 2026, removed one‑off gains and set the stage for the Tata Motors tender offer.
  • Tata Motors’ takeover is now expected to close by Q3 2026, delayed from the original Q2 timeline due to prolonged completion of the defence sale.

Frequently Asked Questions

Why did Iveco report a loss in the first quarter?
Iveco reported a Q1 loss due to the sale of its defence unit and lower operating profits from industrial activities.
When is Tata Motors expected to complete the takeover of Iveco?
Tata Motors' acquisition of Iveco is now expected to close by the third quarter of 2026.
How much was Iveco's adjusted net loss in Q1?
Iveco reported an adjusted net loss of 74 million euros in the first quarter.
What was Iveco's net revenue from industrial activities in the quarter?
Iveco's net revenue from industrial activities amounted to 2.8 billion euros for the quarter.
What impacted Iveco's financial results in Q1?
The completion of the sale of Iveco's defence unit to Leonardo in March impacted the financial results.

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