Daimler Truck: EPS down 21% in 2024
(CercleFinance.com) - Daimler Truck reports EPS of E3.
64 for FY 2024, down 21% on 2023, impacted by adjusted extraordinary items, the group says.
At the same time, DT's sales contracted by 3%, to E54.07bn, with adjusted EBIT of E4.66bn (-15%), just above the consensus (E4.64bn). Orders were also down by 2%, to 417,131.
Daimler Truck says it will have sold 460,409 commercial vehicles worldwide in 2024, 12% less than in the same period last year (526,053 units).
Daimler Truck also reported a 12% increase in free cash flow.
The group describes its results as "solid overall", although they vary from segment to segment: Trucks North America and Daimler Buses with very good performances, Trucks Asia operationally solid in weak markets, Mercedes-Benz Trucks solid in Brazil, while performance in Europe was impacted by lower demand and cost-related challenges.
The dividend is expected to remain unchanged at 1.9 per share, as in 2023.
For 2025, the automaker expects a year that will be operationally stable compared with 2024, with an adjusted return on sales (industrial activity) of between 8% and 10%, subject to macroeconomic and geopolitical developments.
Copyright (c) 2025 CercleFinance.com. All rights reserved.
64 for FY 2024, down 21% on 2023, impacted by adjusted extraordinary items, the group says.
At the same time, DT's sales contracted by 3%, to E54.07bn, with adjusted EBIT of E4.66bn (-15%), just above the consensus (E4.64bn). Orders were also down by 2%, to 417,131.
Daimler Truck says it will have sold 460,409 commercial vehicles worldwide in 2024, 12% less than in the same period last year (526,053 units).
Daimler Truck also reported a 12% increase in free cash flow.
The group describes its results as "solid overall", although they vary from segment to segment: Trucks North America and Daimler Buses with very good performances, Trucks Asia operationally solid in weak markets, Mercedes-Benz Trucks solid in Brazil, while performance in Europe was impacted by lower demand and cost-related challenges.
The dividend is expected to remain unchanged at 1.9 per share, as in 2023.
For 2025, the automaker expects a year that will be operationally stable compared with 2024, with an adjusted return on sales (industrial activity) of between 8% and 10%, subject to macroeconomic and geopolitical developments.
Copyright (c) 2025 CercleFinance.com. All rights reserved.