Post by : Badri Ariffin

Daimler Truck has announced a significant 40% decrease in their operating profit for the third quarter, indicating persistent difficulties in the North American market, while European operations demonstrate signs of revival.

The company’s adjusted earnings before interest and taxes (EBIT) totaled 716 million euros ($835 million), which was slightly lower than analysts' forecasts of 729 million euros. The order volume for the quarter remained stable at 93,923 units, buoyed by a recovery in North America following a sluggish second quarter, alongside favorable demand trends in Europe.

In North America, the Trucks North America segment faced a dramatic 64% decline in operating profit, now at 257 million euros. Although this amount was slightly better than the analyst estimate of 240 million euros, it still reflects ongoing challenges resulting from reduced freight activities and uncertainties tied to import tariffs.

On the other hand, the Mercedes-Benz Trucks division achieved an adjusted EBIT of 319 million euros, below the analyst expectation of 329 million euros. The company observed that resilient European markets have been partially mitigating the pressures caused by reduced demand in North America.

Despite these mixed outcomes, Daimler Truck has reaffirmed its projections for the year, expressing confidence that steady order volumes and regional recoveries will facilitate the achievement of annual goals.

#Business News