The commercial vehicle manufacturer Daimler After a good run last year, Truck has big plans for 2023 as well. The total turnover should increase to 55 to 57 billion euros, as the company announced on Friday in Leinfelden-Echterdingen near Stuttgart. Analysts had only expected total sales of around 52 billion euros.
Earnings before interest and taxes, adjusted for special effects, are expected to increase “significantly” from EUR 4.0 billion in the previous year. “Clearly” means at least 15 percent for the Daimler Truck company managed by Martin Daum (63), which would correspond to a result of 4.6 billion euros. Financial experts on the stock market had calculated only a slight increase of 4.2 billion euros. In the industrial business – i.e. excluding financial services – the operating margin should be 7.5 to 9 percent after 7.7 percent in the previous year.
However, when the results were published on Friday, it became known that the employees of Daimler Trucks will also receive the same amount – made up of a profit-sharing bonus of 6,300 euros and an additional recognition bonus of 1,000 euros. Payment to all beneficiaries is scheduled to take place at the end of April.
Meanwhile, Daimler is assuming strong development in the sales markets that are important for the company. The group estimates sales worldwide at between 510,000 and 530,000 trucks and buses, roughly at the previous year’s level of around 520,000. Thanks to increased sales and price increases, sales climbed by 28 percent to 50.9 billion euros last year.
Adjusted operating profit increased by 55 percent to 3.96 billion euros in 2022. The bottom line is that the group increased earnings per share by 14 percent to EUR 3.24. Daimler Truck intends to pay out a dividend of EUR 1.30 per share, which is as much as expected.