Daimler Truck Q1 Report 2023

Segment EBIT for the first quarter of 2023
The Trucks North America segment was influenced by the
following key factors compared with the first quarter of 2022:
+ Significantly increased sales volume
+ Improved net pricing
+ Improvement in the aftersales business
– Inflation-related cost increases, especially in material costs
and higher personnel costs

Interim Group Management Report

• Unit sales in Q1 at 125,172 (Q1 2022:109,286) units significantly above prior-year level
• Revenue in Q1 at €13.2 billion (Q1 2022: €10.6 billion)
• Group EBIT in Q1 at €1,121 million (Q1 2022: €461 million); adjusted Group EBIT of €1,162 million (Q1 2022: €651 million)
• Net profit in Q1 at €795 million (Q1 2022: €275 million)
• Free cash flow of the Industrial Business in Q1 at €168 million (Q1 2022: €73 million)
• For 2023 as a whole, unit sales of 510 to 530 thousand units, revenue of €55 bn. to €57 bn. and a significant increase in EBIT is confirmed
• Adjusted return on sales of the Industrial Business of 7.5% to 9% and a slight increase in free cash flow of the
  Industrial Business is confirmed

The development of the truck markets in the first quarter of 2023 was characterized by continued high demand: The  North American market for heavy-duty trucks (Class 8) grew by more than 32%. The market for heavy-duty trucks in the EU30 region (European Union, United Kingdom, Switzerland, Norway) also showed a very dynamic start in 2023 with a growth of 26% compared to the same quarter of the previous year.