Outlook updated

Leinfelden-Echterdingen – Daimler Truck Holding AG ("Daimler Truck") with strong first quarter in uncertain times; volume-driven reduction of outlook with unchanged margin guidance. 

Reflecting the implications of current market dynamics and heightened demand uncertainty, Daimler Truck has adjusted the volume guidance for the heavy-duty Class 8 market in North America to 260,000 – 290,000 units (previously: 280,000 – 320,000 units). For the segment Trucks North America, the Group now expects a sales volume of 155,000 to 175,000 units (previously 180,000 to 200,000 units). This assumes increasing customer confidence and order behavior from current low levels.   

Despite the reduced unit sales volume, profitability of Trucks North America for the full year is still expected in the range between 11% and 13%, underlining the strong resilience of the North American business. As a result of the uncertainty surrounding the macroeconomic situation in North America and the resulting negative impact on cost of risk, Daimler Truck is revising the full-year outlook for the adjusted ROE (Return on Equity) of Financial Services to 6% to 8% (previously 8% - 10%). For all other segments, the full-year guidance for 2025 remains unchanged. 

On Group level, the reduced sales volume expectation in North America results in the following impact: Adjusted EBIT on Group level is now expected to range between –5% and +5% year-over-year – revised from the previous guidance of +5% to +15%. Group unit sales are expected to be between 430,000 to 460,000 units (previously 460,000 to 480,000 units). Revenue for the Industrial Business is forecasted at €48 to €51 billion (previously €52 - €54 billion). 

Overall, the Group still expects an operationally stable 2025 compared to 2024 with an adjusted Return on Sales for the Industrial Business between 8% and 10%. 

The updated outlook for the financial year 2025 is subject to further macroeconomic and geopolitical developments. It is based on the assumption that Daimler Truck can continue to operate under the United States-Mexico-Canada Agreement (USMCA). Further potential financial implications from the ongoing discussions on the China business are not included.   

The results for Q1 2025 are as follows: 

• Daimler Truck Group, adj. EBIT: €1,164 million (consensus: €1,027 million) 

• Industrial Business, Revenue: €11,558 million (consensus: €11,459 million) 

• Industrial Business, adj. ROS: 9.6% (consensus: 8.5%) 

• Industrial Business, Free Cash Flow: €33 million (consensus: €341 million) 

For the individual segments, the results for Q1 2025 are as follows: 

Trucks North America 

• adj. EBIT of €778 million (consensus: €651 million) 

• adj. ROS of 14.4% (consensus: 12.4%) 

Mercedes-Benz Trucks 

• adj. EBIT of €238 million (consensus: €252 million) 

• adj. ROS of 5.4% (consensus: 5.6%) 

Trucks Asia 

• adj. EBIT of €64 million (consensus: €52 million) 

• adj. ROS of 5.4% (consensus: 4.1%) 

Daimler Buses 

• adj. EBIT of €126 million (consensus: €103 million) 

• adj. ROS of 9.4% (consensus: 8.1%) 

Financial Services 

• adj. EBIT of €55 million (consensus: €51 million) 

• adj. ROE of 7.3% 

The terms (adj.) EBIT, (adj.) ROS, (adj.) ROE and Free Cash Flow are defined from page 40 onwards in the Daimler Truck Annual Report 2024.