Daimler Truck raises revenue outlook amid strong customer demand
2022.05.17 08:48
The Daimler logo is seen before the Daimler annual shareholder meeting in Berlin, Germany, April 5, 2018. REUTERS/Hannibal Hanschke/Files
BERLIN (Reuters) – Daimler (OTC:DDAIF) Truck Holding increased its forecast for 2022 revenues to 48 – 50 billion euros ($52.21 billion) from 45.5 – 47.5 billion, the truckmaker said on Tuesday, with strong customer demand enabling it to push up prices.
Daimler Truck reported an 11% rise in adjusted earnings before interest and taxes (EBIT) in its first quarter to 651 million, but its adjusted return on sales fell slightly to 5.9% from 6.3% in the same period last year.
“Amid ongoing supply chain challenges and possible consequences of the Russia-Ukraine war on the economy, our practice of fixed cost management and liquidity security is more important than ever,” chief financial officer Jochen Goetz said.
($1 = 0.9578 euros)
