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EQS-Adhoc: Daimler Truck Holding AG: Preliminary results for Q3 2022 above expectations; updated guidance for the full year 2022


EQS-Ad-hoc: Daimler Truck Holding AG / Key word(s): Quarter Results/Change in Forecast
Daimler Truck Holding AG: Preliminary results for Q3 2022 above expectations; updated guidance for the full year 2022

26-Oct-2022 / 19:43 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Stuttgart – Daimler Truck Holding AG (“Daimler Truck”) recorded a strong business performance in the third quarter of the 2022 financial year. The significant increase in unit sales in combination with good price realization and a strong aftersales business resulted in the Daimler Truck Group's adjusted EBIT (EBIT adj.) and adjusted Return on Sales (ROS adj.) for the Industrial Business being significantly above market expectations for the third quarter. The Mercedes-Benz segment made a significant contribution to this. 
 

The following results for Q3 2022 are preliminary and unaudited: 

  • Daimler Truck Group EBIT adj.: €1,273 million (Q3 2021: €491 million, increase of 159 %), consensus: €1,081 million. 
     
  • Adjusted EBIT for the industrial business: €1,223 million (Q3 2021: €475 million, increase of 158%), consensus €1,029 million; adjusted Return on Sales (ROS adj.) for the Industrial Business: 9.4% (Q3 2021: 5.4%), consensus: 8.0%. 
     
  • Industrial Free Cash Flow: €592 million € (Q3 2021: €-782 million), consensus: €654 million. 
     

For the individual segments, the preliminary and unaudited results for Q3 2022 are as follows: 

Trucks North America

  • EBIT adj. of €738 million (Q3 2021: €351 million, increase of 111 %), consensus: €660 million 
  • ROS adj. 12.0 % (Q3 2021: 9.7 %), consensus: 11.8 % 
     

Mercedes-Benz

  • EBIT adj. of €474 million (Q3 2021: €114 million, increase of 316 %), consensus: €385 million 
  • ROS adj. 9.2 % (Q3 2021: 3.1 %), consensus: 7.3 % 
     

Trucks Asia 

  • EBIT adj. of €43 million (Q3 2021: €117 million, decrease of -63 %), consensus: €44 million 
  • ROS adj. 2.6 % (Q3 2021: 8.3 %), consensus: 2.7 % 
     

Daimler Buses 

  • EBIT adj. of €23 million (Q3 2021: €6 million), increase of 304 %, consensus: €14 million 
  • ROS adj. 2.5 % (Q3 2021: 0.7 %), consensus: 1.3 % 
     

Daimler Truck Financial Services 

  • EBIT adj. of €50 million (Q3 2021: €17 million, increase of 198 %), consensus: €52 million 
     

In view of the sustained positive development, an adjusted Return on Sales (ROS adj.) of 7 - 9% is expected for the Mercedes-Benz segment in 2022 (previously 6 - 8%). The full-year forecasts for the other segments remain unchanged. 
 

Accordingly, the forecast for Group EBIT is updated to "slight increase" (previously "at prior-year level"). For the Industrial Business, Daimler Truck continues to expect an adjusted Return on Sales (ROS adj.) of 7 - 9% for the fiscal year 2022. 
 

In addition, the full-year outlook for the following key figures are updated: 

  • Daimler Truck Group revenue: €50 - 52 billion (previously €48 - 50 billion) 
  • Industrial Business revenue: €48 - 50 billion (previously €46 - 48 billion) 

  

The terms EBIT (adj.), ROS (adj.), and Free Cashflow (FCF) are defined in the Daimler Truck Annual Report 2021 on page 43. 

 


26-Oct-2022 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: Daimler Truck Holding AG
Fasanenweg 10
70771 Leinfelden-Echterdingen
Germany
E-mail: [email protected]
Internet: www.daimlertruck.com
ISIN: DE000DTR0CK8
WKN: DTR0CK
Indices: DAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1472941

 
End of Announcement EQS News Service

1472941  26-Oct-2022 CET/CEST

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