- Daimler Truck’s 1Q adjusted EBIT has exceeded the forecasts, reaching EU1.21 billion against the projected figure of EU1.18 billion.
- The adjusted EBIT for Trucks North America also surpassed the estimated value, with EU724 million compared to the predicted EU689.7 million.
- Mercedes-Benz consolidated its predictions, finishing with an adjusted EBIT of EU421 million, close to the anticipated EU421.7 million.
- Trucks Asia adjusted EBIT was EU49 million, slightly below the expected EU53.3 million.
- Daimler Buses division performed well, reaching an adjusted EBIT of EU59 million.
- The total revenue was EU13.26 billion, which is notably higher than the forecasted figure of EU12.72 billion.
- Trucks North America revenue was EU5.81 billion, almost similar to the estimated EU5.82 billion.
- Mercedes-Benz revenue increased to EU4.83 billion, surpassing the estimate of EU4.67 billion.
- The revenue for Trucks Asia was EU1.51 billion, short of the predicted EU1.56 billion.
- Daimler Buses revenue boosted to EU1.18 billion, exceeding the anticipated EU1.01 billion.
- The company reaffirmed their full year guidance as previously revealed in March.
- Despite facing decreased sales volumes, the company had a strong start to 2024 due to robust profitability.
- Despite being on target towards the financial objectives for the year, there is a warning of increasing headwinds in Europe as stated by CEO Martin Daum.
A look at Daimler Truck Holding Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Daimler Truck Holding shows a promising long-term outlook. With a strong Growth score of 5 and Momentum score of 5, the company is poised for expansion and market performance. Additionally, the Dividend score of 4 indicates a potential for good returns to shareholders. Despite a slightly lower Resilience score of 2, Daimler Truck Holding’s overall outlook appears positive, especially with these high scores in key areas driving its future prospects.
Daimler Truck Holding AG, known for designing and manufacturing commercial trucks and buses, operates globally, catering to a wide range of customers. With its solid Growth and Momentum scores, as well as a respectable Dividend score, Daimler Truck Holding seems positioned for growth and shareholder value in the long run. While its Resilience score is not as high, the company’s core strengths in growth and momentum could be key factors in its future success.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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