Daimler Truck Holding AG (Daimler Truck) continues its course towards sustainable growth and higher, more resilient profitability. Despite a slight decline in sales volumes mainly due to supplier bottlenecks, operating profit for the third quarter increased. The Group’s revenue rose to €13.9 billion (Q3 2022: €13.5 billion). Adjusted Group EBIT increased to €1.34 billion in the reporting period (Q3 2022: €1.27 billion). In the Industrial Business (IB), adjusted EBIT of €1.295 billion was higher than in the same period of the previous year (Q3 2022: €1.223 billion).
In Q3 2023, the Group's global sales totaled 128,861 units (Q3 2022: 134,972). Overall, Daimler Truck sold 385,921 units from the beginning of the year to September and is thus higher than previous year's sales (YTD Sept) (YTD Sept 2022: 365,219). At €957 million, net income was slightly down on the prior-year quarter of €990 million, which was positively influenced by a one-time extraordinary low tax rate. With €1,088 million, free cash flow of the Industrial Business was significantly above previous year (Q3 2022: 592 million).
Adjusted return on sales at Daimler Truck's industrial business increased year-on-year to 9.8% (Q3 2022: 9.4%). Earnings per share amounted to €1.13 (Q3 2022: €1.17).