TURIN, Italy, July 24 (Reuters) - Italian truck and bus
maker Iveco Group ( IVCGF ) on Wednesday said its operating
profit fell 4% in the second quarter of the year due to lower
volumes and adverse forex impact and that it burnt cash in the
period.
The manufacturer said its adjusted earnings before interest
and tax (EBIT) from industrial activities amounted to 264
million euros ($286 million) in the April-June period, slightly
topping a company-provided analysts' consensus of 250 million
euros.
Free cash flow from industrial activities was negative by 98
million euros in the second quarter.
($1 = 0.9217 euros)