Interim Report 1st Quarter 2022

24. March 2022 Add to calendar

Daimler Truck Holding AG has made a positive start to the new year with growth in unit sales, revenue and EBIT.

The company was able to increase its Group unit sales significantly year-on-year to 109,000 units in Q1 2022 (+ 8%, Q1 2021: 101,000 units). Despite ongoing supply bottlenecks, Daimler Truck was able to benefit from the strong demand situation in the first quarter. Supported by strong unit sales in the segments Trucks North America and Mercedes-Benz, improved net pricing and positive contributions from aftersales and used vehicle business, Group revenue rose by 17% to €10.6 billion (Q1 2021: €9.0 billion). Daimler Truck sees a continued strong demand environment. Around 139,000 units mark a high level of order intake in the opening quarter of the reporting year. The order backlog continues to rise to a new record level.

Our positive Q1 results prove that we are fit to stay on course also in a more uncertain environment. We remain fully committed to the ambitions we have set for 2025 and we feel confident to achieve our targets for 2022. Optimized semiconductor allocation and adjusted net pricing proved to be efficient actions to countermeasure chip shortages and headwinds from raw material prices. Given the ongoing challenges on the supply chain and the potential impact of the Ukraine war to the overall economy, our practice of strict fixed cost management and cash preservation is more important than ever to ensure sustainable profitability. We do not waver here, not a bit.

Jochen Goetz, CFO of Daimler Truck

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