The manufacturer achieved a turnover of more than 50 billion euros in 2022, up 28%. Daimler Truck has new optimistic ambitions for 2023.
Daimler Truck sold 520,300 trucks and buses in 2022. ©Daimler Truck
For its first full year as a publicly traded company, Daimler Truck did not fail. In 2022, the manufacturer saw its turnover increase by 28% compared to 2021. This reached 50.9 billion euros. On the sales side, Daimler Truck sold 520,300 trucks and buses, ie 14% more than the previous year (455,400).
“Order backlog remains at a high level, but bottlenecks in supply chains continued to impact production“, says the group.
Historic profitability
All this caused Daimler Truck to make high profits. Its Ebit increased by 55% to reach a record level of 3.959 billion euros. The free cash flow of its industrial activity increased by 12%, to 1.746 billion euros during the reference year.
“Our good results show that we have managed our environment very well, whether it is the impact of the war between Russia and Ukraine, persistent supply chain constraints or high inflation. We have made significant progress towards unlocking our profit potential, and we have also taken important new steps towards our ambition to lead sustainable transport and fight climate change.“, comments Martin DaumChairman of the Board of Directors of Daimler Truck.
Ambitious goals for 2023
In 2022, Daimler Truck notably launched several zero-emission vehicles: the electric Freightliner eCascadia in North America and the Mercedes-Benz eEconic in Germany. At the IAA, the electric Mercedes-Benz eActros LongHaul won the “Truck Innovation Award“. It will have a range of around 500 kilometres. In addition, the group announced restructuring programs for Mercedes-Benz in Brazil and for Daimler Buses, stressing the importance of self-help measures to improve profitability by 2025.
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“We want to pay our first dividend (€1.30 per share, editor’s note) and implement an attractive capital allocation policy. We are on track to benchmark profitability, but there is still some way to go, especially on the cost front, given inflationary pressures. Our outlook shows that we will continue our self-help measures to improve our financial situation“, precise Jochen Goetzfinancial director of Daimler Truck.
For 2023, Daimler Truck forecasts 510,000 to 530,000 sales, for a further significant increase in its turnover: between 55 and 57 billion euros.
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