Daimler Truck maintains full-year guidance after strong first-quarter order growth
Updated
Updated · The Wall Street Journal · May 6
Daimler Truck maintains full-year guidance after strong first-quarter order growth
8 articles · Updated · The Wall Street Journal · May 6
North America truck orders jumped 86%, Mercedes-Benz Trucks orders rose 33%, and global intake increased 50%, even as first-quarter unit sales fell to 68,849.
Industrial revenue dropped 14% to 9.14 billion euros, adjusted EBIT fell to 498 million euros, and return on sales declined to 5.0% from 9.6%.
The company still forecasts 42 billion-46 billion euros in industrial revenue, 6%-8% adjusted return on sales and 3.2 billion-3.7 billion euros adjusted EBIT, excluding uncertain Middle East conflict effects.
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