Monday, December 5, 2022

Daimler Truck reports good quarter

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Sales increased by 17 percent to 10.55 billion euros, as the company from Leinfelden-Echterdingen said on Tuesday. That was significantly more than analysts had previously given the company credit for.

For the year as a whole, the management around boss Martin Daum now expects revenues of 48 to 50 billion euros instead of 45.5 to 47.5 billion. This is mainly due to better sales prices and exchange rate effects. Daimler Truck now expects consolidated earnings before interest and taxes to be at the previous year’s level instead of slightly below.

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