EQS-Ad-hoc: Daimler Truck Holding AG / Key word(s): Change in Forecast/Share Buyback
Daimler Truck Holding AG increases forecast for 2023 and announces share buyback program
10.07.2023 / 21:10 CET/EST
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Leinfelden-Echterdingen – After a strong first quarter of 2023 and strong sales in the second quarter, Daimler Truck Holding AG (Daimler Truck) is increasing the Adjusted return on sales (adj. ROS) for the industrial business for fiscal year 2023 to a range of 8.5% to 10% (previously 7.5% – 9%).
Based on the individual industry segments, the forecast for the adjusted return on sales (adj. ROS) and sales is adjusted as follows:
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Trucks North America: 11% – 13% (previously: 10% – 12%). Sales forecast unchanged at 190,000 to 210,000 Mercedes-Benz: 8% – 10% (previously: 7% – 9%). Sales forecast increased to 155k to 175k (previously: 150k to 170k). Trucks Asia: 4% – 6% (previously: 3% – 5%). Sales forecast increased to 160k to 180k (previously: 150k to 170k). Daimler Buses: 3% – 5% (previously: 2% – 4%). Sales forecast unchanged at 20k to 25k
The sales forecast for Daimler Trucks has been raised to a total of 530,000 to 550,000 units (previously: 510,000 to 530,000).
In addition, the full-year outlook for the following key figures has been raised:
Daimler Truck Group sales: €56 – 58 billion (previously: €55 – 57 billion) Sales of the industrial business of the Daimler Truck Group: €54 – 56 billion (previously: €53 – 55 billion) Investment and research & Group development costs: slightly increasing (previously: at previous year’s level). Free cash flow of the industrial business: significant increase (previously: slight increase).