Daimler Truck: EPS down 21% in 2024

(CercleFinance.com) - Daimler Truck reports earnings per share of 3.
64 euros for fiscal year 2024, down 21% on 2023, impacted by adjusted extraordinary items, the group says.

At the same time, the Group saw its sales contract by 3%, to 54.07 billion euros, for an adjusted EBIT of 4.66 billion euros (-15%), very slightly above consensus (4.64 billion euros). 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.


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