German Manager Magazin: Daimler Truck lowers annual outlook 004190

The market and sales in North America would now be assessed weaker, the Dax company surprisingly said on Tuesday evening in Leinfelden-Echterdingen. The losses of price were nevertheless within the framework because the numbers were better at the first quarter than feared experts.

In the industrial business without financial services, the leadership duo is now only a turnover of Karin Radström (46) and CFO Eva Scherer 2025 from 48 to 51 billion euros. So far, 52 to 54 billion have been in the planning. Since the new tariffs from Trump have been the freight forwarders in the USA Unsure how it continues with the business and how many were they will be distributed from the country’s ports in the future. The Daimler-Truck customers therefore consider longer whether they are currently ordering new vehicles.

In the North American market Daimler Truck This year only sells 155,000 to 175,000 trucks, so far the management had expected 180,000 to 200,000. The company also appreciates the overall market on Highway in heavy -duty traffic. The strong position in the USA with the main brands Freightliner and Western Star let Daimler Truck became the global market leader in heavy goods traffic, here the Swabians earn most of their money. In the overall group, the board now expects a paragraph of 430,000 to 460,000 vehicles instead of 460,000 to 480,000.

“In view of the increasing economic uncertainty and the resulting pressure on the demand in the United States, we have reduced our sales expectation for the overall year, while we leave our return outlook unchanged,” said CFO Scherer, according to the announcement. The sales prices and the running costs are therefore not the problem, in the industrial business there should continue to be 8 to 10 euros as an operational profit before special items (EBIT).

Due to the lower sales and a more difficult situation in the North American financing business, the company expects the result, which are adjusted for special effects before interest and taxes at the Group level, only in a range from minus to plus 5 percent around the previous year’s result of 4.7 billion euros. So far it should attract 5 to 15 percent.

Share gives

The paper lost less than one percent compared to the Xetra closing on the trading platform Tradegate. From his annual high at 45.33 euros in March, the course with the customs capers from US President was Donald Trump Solated to almost 30 euros, but had recently recovered from it to almost 40 euros.

The business in the industry has been clouding for a long time, and the weak European market because of the moward economic situation is now adding uncertainty in the United States. In the first quarter, Daimler Truck’s order incoming decreased by 3 percent to 103,151 vehicles. rival Step In contrast, the VW group reported an upswing in the orders.

But in general the first three months were better than feared by experts. Sales in the vehicle business gave up 7 percent to 11.6 billion euros in the annual comparison, but the adjusted operational result is only 4 percent to 1.16 billion euros. The worse continued in Europe, where Radström from the Mercedes-Benz brand has already prescribed a billion-dollar savings program, which also has a still unknown number of jobs in Germany will fall victim.

However, analysts had expected weaker numbers. Above all, the return on sales in industrial transactions exceeded expectations by 0.3 percentage points to 9.6 percent. The profit attributable to shareholders decreased only by 4 percent to 770 million euros.

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