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Daimler Truck Holding AG: Preliminary results for Q2 2023 above expectations

19.07.2023 Investor Relations
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Daimler Truck Holding AG: Preliminary results for Q2 2023 above expectations
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19.07.2023

Daimler Truck Holding AG: Preliminary results for Q2 2023 above expectations

Leinfelden-Echterdingen - Daimler Truck Holding AG (“Daimler Truck”) recorded a strong business performance in the second quarter of the 2023 financial year. Supported by strong sales, a robust pricing and a positive performance of the aftersales business compared to prior-year quarter, Daimler Truck exceeded market expectations (“consensus”) for the second quarter 2023. The following results for Q2 2023 are preliminary and…

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Leinfelden-Echterdingen - Daimler Truck Holding AG (“Daimler Truck”) recorded a strong business performance in the second quarter of the 2023 financial year. Supported by strong sales, a robust pricing and a positive performance of the aftersales business compared to prior-year quarter, Daimler Truck exceeded market expectations (“consensus”) for the second quarter 2023.

The following results for Q2 2023 are preliminary and unaudited:

  • Daimler Truck Group EBIT: €1,378 million (consensus: €1,280 million)
  • Daimler Truck Group adj. EBIT: €1,428 million (consensus: €1,290 million)
  • Industrial Business adj. EBIT: €1,363 million (consensus: €1,237 million)
  • Industrial Business adj. ROS: 10.3% (consensus: 9.2%)
  • Industrial Business Free Cash Flow: €382 million (consensus: €399 million)

For the individual segments, the preliminary and unaudited results for Q2 of 2023 are as follows:

Trucks North America

  • EBIT of €783 million (consensus: €742 million)
  • ROS of 13.1% (consensus: 12.1%)

Mercedes-Benz

  • EBIT of €544 million (consensus: €499 million)
  • ROS of 9.8% (consensus: 9.3%)

Trucks Asia

  • EBIT of €90 million (consensus: €76 million)
  • ROS of 5.4% (consensus: 4.3%)

Daimler Buses

  • EBIT of €33 million (consensus: €23 million)
  • ROS of 3.4% (consensus: 2.2%)

Daimler Truck Financial Services

  • EBIT of €65 million (consensus: €54 million)
  • ROE of 11.4%

The complete quarterly results and interim report will be published on August 1st, 2023.

The terms ‘adjusted ROS’ and ‘free cash flow’ are defined in the Daimler Truck Annual Report 2022 on page 36.

The quarterly unit sales are available under www.daimlertruck.com/en/investors/reports/unit-sales

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Daimler Truck Holding AG: Preliminary results for Q2 2023 above expectations
19.07.2023

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Jörg Howe
Jörg Howe

Special Representative Communications & External Affairs

joerg.howe@daimlertruck.com
+49 160 8698000

Thomas Hoevermann
Thomas Hoevermann

Head of Corporate Communications Daimler Truck Group

thomas.hoevermann​@daimlertruck.com
+49 176 30984119

Maximilian Splittgerber
Maximilian Splittgerber

Spokesperson Global Finance Communications

maximilian.splittgerber​@daimlertruck.com
+49 160 860 71 24