Daimler Truck announced on Friday that its revenue in the fourth quarter of 2024 stood at €14.3 billion, dropping 4% compared to the same period a year earlier and beating analysts' expectations.
Adjusted EBIT fell by 29% compared to the same quarter of 2023 to stand at €1.1 billion, while its earnings per share landed at €0.95, sinking 36% on an annual basis. Group sales in the fourth trimester fell by 11% to 124,386 units, however, incoming orders saw an annual increase of 15% to 124,046 units. For the 2025 guidance, the carmaker expects an "adjusted return on sales between 8% and 10%, subject to macroeconomic and geopolitical developments."
"Trucks North America and Daimler Buses continued very strong. Mercedes-Benz Trucks did very well in Brazil but was affected by weak demand in its European core markets. Trucks Asia delivered solid operating results despite continued weak markets," CEO Karin Radstrom noted.
