Daimler Truck: stock down, despite FY targets being maintain

(CercleFinance.com) - Daimler Truck shares are down the most in the DAX index on Tuesday in Frankfurt, even after it reported better-than-expected Q1 results, in addition to maintaining its FY targets.


Indeed, the German truck manufacturer reported a 78% leap in adjusted EBIT for Q1 to E1.16bn, above the consensus of E976m.

Thanks to truck deliveries that are up 15% to 125,172 units, its revenues rose by 25% to E13.2bn, again beating analysts' expectations.

Its flagship brand Mercedes-Benz's operating margin improved from 7.9% to 8.8%, at the top end of the targets communicated by the group (i.e. from 7% to 9%).


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