Daimler Truck Achieves Slight Increase in Revenue Despite 13 Percent Decline in Truck Sales to 108,911 Vehicles in the First Quarter, and Substantial Improvement in Operating Result

In the first quarter, revenue amounted to 13.263 billion euros, which is only marginally higher than the previous year's figure of 13.200 billion euros, while the adjusted operating result (EBIT) increased by 4 percent to 1.21 billion euros. The corresponding return on sales rose to 9.3 percent, compared to 8.8 percent in the previous year's quarter.

Daimler Truck's Operating Margin Exceeds Market Expectations, Anticipated Only a 9.1 Percent Return on Sales. Earnings Per Share Improved from 0.90 Euros Last Year to Now 1.00 Euros. The Company, Listed in the DAX, Also Confirmed Its Forecast for the Full Year 2024. It Expects a Group Revenue Between 55 and 57 Billion Euros and an Industrial Business Revenue of 52 to 54 Billion Euros. The Adjusted EBIT Is Expected to Remain at the Level of the Previous Year, with an Adjusted Return on Sales Between 9.0 and 10.5 Percent.

Despite these solid results, Daimler Truck's stock temporarily lost 5.1 percent in XETRA trading, dropping to 40.39 euros. The complete quarterly figures and the interim report will be published on May 9, 2023, which will provide further insights into the financial and operational situation of the company.