Home » DAIMLER TRUCK Record results in 2023 in terms of turnover and excellent prospects for the new year – Companies

DAIMLER TRUCK Record results in 2023 in terms of turnover and excellent prospects for the new year – Companies

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DAIMLER TRUCK Record results in 2023 in terms of turnover and excellent prospects for the new year – Companies

2023 was a great year for Daimler Truck, which achieved record results in terms of revenue, EBIT (earnings before interest and taxes), adjusted return on sales (ROS) and industrial free cash flow.

And today it continues on its path of further improving the Group’s overall profitability towards the 2025 target. Daimler Truck benefited from strong demand in its key commercial vehicle markets and further increased unit sales, revenue, EBIT , industrial free cash flow (FCF) and earnings per share (EPS). With 526,053 units, 1% more trucks and buses were sold worldwide in 2023 compared to the previous year’s level (520,291 units), despite supply difficulties that prevented even higher sales.

The Company sold 3,443 zero-emission trucks and buses, 277% more than the previous year (914 units). Thanks to the improvement in net prices and the positive effects of the volume and product mix in unit sales, the Group’s turnover increased by 10 percent to a record level of 55.9 billion euros in 2023 (previous year: 50, 9 billion euros).

2023 also saw a very positive development with regards to earnings and return on sales, thanks also to the strong financial results in the fourth quarter. Adjusted EBIT increased by 39% in 2023 to a record level of 5,489 million euros (2022: 3,959 million euros). Peaking at 10.6% in the fourth quarter, adjusted ROS of industrial activities reached 9.9% in full-year 2023 (2022: 7.7%).

The free cash flow of Daimler Truck’s Industrial sector increased by 61 percent to 2,811 million euros in the year under review (2022: 1,746 million euros). Earnings per share (EPS) were 4.62 euros, an increase of 43% compared to 2022. Against a backdrop of normalization of orders, incoming orders in 2023 decreased by 18% compared to the high level of ‘last year.

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