Daimler Truck Holding AG (“Daimler Truck”) successfully kept its focus on working to improve its overall profitability in 2021. With its approach of a strict fixed cost discipline the company achieved its financial targets for 2021 despite significant supply chain headwinds.
With 455,400 units, 20% more trucks and buses have been sold worldwide in 2021 compared to prior-year level (378,300 units). Supported by the overall significant growth in unit sales volume, the company’s revenue increased to € 39,8 billion in 2021 (+ 10% compared to previous year: € 36,0 billion). Supported by a very strong demand environment and driven by all segments Daimler Truck’s incoming orders for 2021 in the industrial business have mounted to 590,000 units, a plus of 37% compared to prior year (430,500 units). The adjusted EBIT (earnings before interests and taxes) significantly rose to € 2,552 million (previous year: € 657 million). The adjusted RoS of the Industrial Business in 2021 was at 6.1% versus previous year’s RoS adjusted of 1.9%. The Free Cash flow of the Industrial Business amounted to € 1,556 million in the reporting year (2020: € 1,781 million).
2020: € 36 bn
2020: € 0.6 bn
2020: 1.9 %
Free Cash Flow industrial business
2020: € 1.8 bn
When looking back at the past year from a business perspective I can clearly say: 2021 was an extraordinary year for Daimler Truck and I am very proud of what our global team got accomplished. Despite headwinds due to COVID-19 and supply chain shortages we achieved our financial targets. On top of that, our spin-off from Mercedes-Benz Group AG was a historic step that we managed very successfully. Since this week we are a proud new member of the stock market index DAX. Looking at 2022, we will focus on the factors we have in our own hands to further unlock our profit potential and lead sustainable transportation. We’re fully committed to make our first year as an independent company a successful one for Daimler Truck