Daimler Truck

1st Quarter Results 2025

14 May. 2025 Add to calendar
Strong first quarter in uncertain times

In a first quarter marked by growing macroeconomic uncertainties, Daimler Truck Holding AG (Daimler Truck) delivered strong overall results. As anticipated, unit sales and revenue of the Industrial Business and EBIT on Group level declined while Daimler Truck’s adjusted ROS in the Industrial Business increased to 9.6%, driven by the strong performance of Trucks North America and Daimler Buses. Mercedes-Benz Trucks faced continued headwinds in Europe which resulted in significantly lower unit sales. The segment Trucks Asia delivered solid Q1 results with increased unit sales, revenue and adjusted EBIT.

With €11.6 billion the Industrial Business’ revenue was slightly below the previous year’s first quarter (Q1 2024: €12.5 billion). Revenue development was particularly impacted by overall lower unit sales. Adjusted Group EBIT in the reporting period was €1.16 billion (Q1 2024: €1.21 billion). In the Industrial Business (IB), adjusted EBIT was €1.11 billion (Q1 2024: €1.16 billion). Adjusted return on sales (adj. ROS) in the IB increased to 9.6% (Q1 2024: 9.3%). Free cash flow (FCF) of the IB was €33 million (Q1 2024: €1,213 million). Earnings per share in Q1 amounted to €0.99 (Q1 2024: €1.00).

Our performance in the first quarter reflects our improved resilience and underscores the commitment of our global team. At Trucks North America we continue to deliver strong results, despite lower markets. We achieved an important milestone to make Mercedes-Benz Trucks significantly more profitable in the next years by reaching an agreement with the General Works Council on the Cost Down Europe program. Our focus remains on our measures to structurally improve our business, reduce volatility and enhance cash generation and return on capital. Due to the growing economic uncertainty and the resulting pressure on demand in the US, we reduced our sales outlook for the full year, while keeping our margin guidance unchanged - both for North America and for our Industrial Business – a testament of our increased strength.
Eva Scherer
Eva Scherer Member of the Board of Management of Daimler Truck Holding AG, Chief Financial Officer

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