Daimler Truck: quarterly EPS down 32%
(CercleFinance.com) - Daimler Trucks reported a 5% decline in sales to E13.
14bn in Q3, with adjusted EBIT down 12% to E1.18bn.
The group reported sales that fell 11% to 114,917 units, while orders received were down 4% to 94,709 units.
EPS came to E0.77, down 32%.
We are on track for another strong year for the Daimler Truck Group in 2024, management says, praising performance in North America.
In the Mercedes-Benz truck segment, we still have potential, and are determined to keep working to improve our performance, it added.
Forecasts for FY 2024 remain unchanged, with unit sales of 460,000 to 480,000 units and sales of E53bn to E55bn. Adjusted EBIT is expected to be slightly below the previous year's level.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
14bn in Q3, with adjusted EBIT down 12% to E1.18bn.
The group reported sales that fell 11% to 114,917 units, while orders received were down 4% to 94,709 units.
EPS came to E0.77, down 32%.
We are on track for another strong year for the Daimler Truck Group in 2024, management says, praising performance in North America.
In the Mercedes-Benz truck segment, we still have potential, and are determined to keep working to improve our performance, it added.
Forecasts for FY 2024 remain unchanged, with unit sales of 460,000 to 480,000 units and sales of E53bn to E55bn. Adjusted EBIT is expected to be slightly below the previous year's level.
Copyright (c) 2024 CercleFinance.com. All rights reserved.