Daimler Truck

3rd Quarter Results

Daimler Truck successful also in Q3 2023

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).


Our results in the 3rd quarter show: We stay on track for success in 2023 as planned. Daimler Truck again increased its revenue and EBIT and shows good profitability. Despite a volatile environment, we confirm our forecast for the full year 2023 and expect record earnings for Daimler Truck. At the same time, we keep on working consistently on the issue of cost efficiency and thus improve the resilience of our company in order to be able to achieve excellent results in the coming years as well.
Martin Daum
Martin Daum Chairman of the Board of Management of Daimler Truck Holding AG, additionally responsible for Finance and Controlling

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).