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.
Before interest and taxes and adjusted for special effects, earnings in the first quarter rose by 11 percent to 651 million euros. The bottom line is that the profit in the months of January to March was 257 million euros, significantly smaller than a year ago with 1.43 billion euros. At that time, the company had credited itself with a high special income.