In the third quarter, Daimler Truck Holding AG (Daimler Truck) recorded an expected decline in revenue, earnings, and profitability on Group level. The Group’s performance was affected by continued headwinds in the North American truck market, where customers remain in a cautious wait-and-see mode amid a very weak freight market and pending regulatory clarity. The Mercedes-Benz Trucks segment reported an increase in both adjusted EBIT and adjusted return on sales (adj. ROS), supported by higher unit sales in Europe. Trucks Asia delivered a solid performance in the third quarter although market conditions in Asia remained challenging, especially in Japan and Indonesia. Daimler Buses sustained its strong trajectory of positive profitability. Financial Services increased profitability and margins.
