We look at a strong business development in Q3 and update the full-year Group guidance.
We continued our profitable growth path with a strong business development in the third quarter despite ongoing supply chain constraints and headwinds from raw material and energy prices. We were able to increase our Group unit sales year-on-year to 134,972 units in Q3 2022 (+ 27 %, Q3 2021: 106,304 units). Supported by this increase as well as improved net pricing, favorable effects from exchange rates (FX) and higher contributions from aftersales business, Group revenue significantly rose by 47 % to € 13.5 billion (Q3 2021: € 9.2 billion). We see a continued strong demand environment. The order backlog has increased compared to the prior-year level.
Group EBIT (adj.) increased by 159 % to € 1,273 million in the reporting period (Q3 2021: € 491 million). In the Industrial Business (IB), EBIT (adj.) of € 1.223 million was 158 % higher than in the same period of the prior year (€ 475 million). The adjusted Return on Sales (ROS adj.) aggregates to 9.4 % (Q3 2021: 5.4 %).
Daimler Truck is well on its way to making its first financial year as an independent company also a year of success. This is underlined by our strong business development in the third quarter, despite continuing challenges in the supply chain as well as in raw material and energy prices. Our year-end sprint is now all about maintaining this momentum and delivering as many ordered vehicles as possible to our customers.