Daimler Truck

2nd Quarter Results

Daimler Truck keeps going strong in Q2 2023.

Daimler Truck Holding AG (Daimler Truck) continued its path for sustainable growth and profitability, reporting strong second quarter and half-year 2023 results. After the Group just recently shared its upgraded full-year guidance, today’s Q2 disclosure is another proof for the positive momentum since Daimler Truck started its mission as an independent company. In the second quarter of 2023, worldwide unit sales of the Group increased by 9% versus the prior-year quarter, selling in total 131,888 units (Q2 2022: 120,961).


Just a few weeks ago we raised our guidance for 2023, confirmed our ambitions for 2025 and announced an even more ambitious profitability plan for 2030. Today, our strong figures for the first half of this year underscore our positive momentum: Daimler Truck keeps going strong. Our entire team is determined to make 2023 another record year – for the benefit of our customers, our shareholders and our employees.
Martin Daum
Martin Daum Vorsitzender des Vorstands der Daimler Truck Holding AG

Supported by strong unit sales, a robust net pricing and an improvement of the aftersales business, the Group’s revenue rose significantly by 15% to €13.9 billion (Q2 2022: €12.1 billion). Adjusted Group EBIT increased significantly by 41% to €1,428 million in the reporting period (Q2 2022: €1,010 million). In the Industrial Business (IB), adjusted EBIT of €1,363 million was significantly higher (+45%) than in the same period of the previous year (Q2 2022: €940 million). At €1,004 million, net profit was slightly above prior-year's quarter of €946 million. With €382 million, free cash flow of the Industrial Business was significantly above previous year (Q2 2022: minus €756 million). With 10.3% adjusted ROS of the Industrial Business, Daimler Truck marks its first double-digit profitability (Q2 2022: 8.0%). Earnings per share amounted to €1.11 (Q2 2022: €1.12).


We’ve recorded a strong business performance in the second quarter of 2023 and exceeded market expectations. Daimler Truck achieved a record adjusted return on sales in the Industrial Business of more than 10 percent for the first time – this is an important milestone proving our commitment to uplift profitability.
Jochen Goetz
Jochen Goetz Ehemaliges Mitglied des Vorstands der Daimler Truck Holding AG, verantwortlich für Finanzen und Controlling