Daimler Truck Q3 Report 2022
Interim Group Management Report
- Unit sales in Q3 at134,972 (Q3 2021:106,304) units above prior-year level
- Revenue in Q3 at €13.5 billion (Q3 2021: €9,2 billion)
- Group EBIT in Q3 of €1,057 million (Q3 2021: €375 million); adjusted Group EBIT of €1,273 million (Q3 2021: €491 million)
- Net profit in Q3 of €990 million (Q3 2021: €214 million)
- Free cash flow in the industrial business of €592 million in Q3 (Q3 2021: minus €782 million)
- For 2022 as a whole, continued unit sales of between 500 and 520 thousand units expected, revenue forecast increased to €50 – 52 billion, slight increase in EBIT expected
- Return on sales of 7% – 9% and free cash flow at prior-year level expected in the industrial business
The development of the truck markets was not significantly influenced in the third quarter and to date in 2022 by the Russia-Ukraine war and the exacerbated economic conditions. Rather, bottlenecks in the supply chains continued to have a negative effect on truck production, meaning that demand could not always be fully met. The North American market for heavy-duty trucks (Class 8) grew by18% in the third quarter. As a result, the market volume in the first three quarters was 6% above the prior-year level. The market for heavy-duty trucks in the EU30 region (European Union, United Kingdom, Switzerland, and Norway) was above prior-year level both in the third quarter (+9%) and to date this year (+3%).
