- Daimler Truck’s 3Q adjusted Ebit came in at EU1.34 billion, falling short of the estimated EU1.41 billion.
- Adjusted Ebit for Trucks North America was EU711 million, under the estimated EU796.3 million.
- Mercedes-Benz’s adjusted Ebit was EU535 million, slightly below the estimated EU551.5 million.
- Trucks Asia had an adjusted Ebit of EU45 million, significantly less than the estimated EU79.3 million.
- Daimler Buses outperformed expectations with an adjusted Ebit of EU70 million, compared to the estimate of EU49.1 million.
- Total revenue for the period was EU13.86 billion, a 2.6% increase year-over-year, but still below the estimated EU14.1 billion.
- Revenue for Trucks North America was EU5.72 billion, less than the estimated EU6.1 billion.
- Mercedes-Benz revenue was EU5.43 billion, slightly short of the estimated EU5.63 billion.
- Trucks Asia’s revenue was EU1.66 billion, just above the estimated EU1.65 billion.
- Daimler Buses exceeded expectations with revenue of EU1.19 billion, higher than the estimated EU1.09 billion.
- Daimler Truck confirms its overall guidance for 2023.
- The company expects an adjusted Return on Sales (ROS) for the Industrial Business to be between 8.5-10%.
- For the Trucks North America segment, an adjusted ROS between 11-13% is expected.
- The Mercedes-Benz segment is projected to have an adjusted ROS between 8-10%.
- Trucks Asia is expected to reach an adjusted ROS between 4-6%.
- The adjusted ROS target corridor for Daimler Buses is between 3-5%.
A look at Daimler Truck Holding Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 4.0 |
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
Daimler Truck Holding AG is an automobile company that designs and manufactures commercial trucks and buses, serving customers worldwide. According to Smartkarma Smart Scores, the company has an overall outlook of 4 out of 5, indicating that it is well-positioned for the long-term. The company scores particularly well in terms of value and dividend, with a score of 4 in both areas, and in terms of growth, with a score of 5.
Additionally, the company has a score of 4 in terms of momentum and a score of 3 in terms of resilience. This suggests that Daimler Truck Holding is likely to see steady growth in the long-term, but may need to focus on improving its resilience to external factors in order to maintain its positive outlook.
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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