Thomas Hövermann’s Post

Daimler Truck keeps going strong with record quarter: double-digit profitability (10.3% adj. ROS) in Q2 2023. Group Unit Sales (+9%), Revenue (+15%) and adj. EBIT (+41%) underline strong performance in the 2nd quarter, pushed by growth across all industrial segments. Find the half-year results of Daimler Truck Group and all segments as well as the recently upgraded 2023 Outlook at a glance below. All documents related to the Q2 Disclosure today (Aug 1st) at https://lnkd.in/e8zjU-Vb Press release available under https://lnkd.in/ezc5c2PB Daimler Truck AG Daimler Truck North America Daimler Truck Asia Daimler Buses | EvoBus GmbH Daimler Truck Financial Services GmbH #Q2 #HY #Disclosure #DTR0CK

Today, we at Daimler Truck AG published our results for the first quarter of 2024. An exciting day – all the more so for me, because it was my first quarterly disclosure with the company. The numbers in a nutshell: 👉 Group Revenue: 13.3 bn. € – on prior year level, despite decrease in unit sales (-13% vs. Q1/2023) 👉 Adjusted Group EBIT: 1.2 bn. € – on prior-year level 👉 Adjusted Return on Sales (Industrial Business): 9.3 percent – increase by 0.5 percentage points vs. Q1/2023 👉 Adjusted Free Cash Flow (Industrial Business): very strong at 1.2 bn. € 👉 ZEV sales: More than 800 – almost tripled vs. Q1/2023 All in all, we got off to a solid start into 2024! And that is quite a success in a normalized market environment with increasing headwinds. Going forward, we confirm our guidance for the 2024 financial year – revenue of 55 to 57 bn. €, adjusted EBIT on prior year level with an adjusted return on sales of 9.0 to 10.5 percent in our Industrial Business and a slight increase of the industrial free cash flow. Many thanks to all colleagues at Daimler Truck for your great dedication and support! #WeAreDaimlerTruck

Daimler Truck's Profit Soars as Demand Surges: Shares Rise, Innovation Drives Success! #costreduction #costcuttingmeasures #customersatisfaction. #DaimlerTruck #efficiencymeasures #fourthquarterearnings #geopoliticaluncertainties #improveddemand #Innovation #investorsentiment #MercedesBenzTrucks #netincome #operatingmargin #positivemarketenvironment #profitincrease #revenueincrease #sharesrise #supplychaindisruptions #unitsalesincrease

Volkswagen Group Achieves Robust Annual Results for 2023, with a Strong Fourth Quarter Volkswagen Group achieved robust financial results in 2023. This was driven by a strong fourth quarter, with sales revenue of EUR 87 billion and an increase in operating profit of more than a quarter compared to the previous year. During the year, the Group made further progress with the implementation of its strategy and systematically pushed ahead with its restructuring. The focus was on customer-oriented products and compelling design, in addition to the strengthening of the regions, particularly China and North America. By introducing performance programs in all divisions, the Group has made notable strides towards a sustainable increase in […] - https://lnkd.in/d6eymv8f #automotive #evs #ev #electricmobility #emobility #ebikes #fleets #evfleet #evnews #autonews #electricvehicles #electricvehicle #automotiveindustry #automotivejobs #cleantech #cleanenergy #hydrogen #lithium #evbattery #sustainability #climatechange #automotiveindustry #bev #electricvehicles #financialresults #globalnews #marketoutlook #quarterlyresults #revenue #sales #volkswagengroup

Daimler Truck's Profit Soars as Demand Surges: Shares Rise, Innovation Drives Success! #costreduction #costcuttingmeasures #customersatisfaction. #DaimlerTruck #efficiencymeasures #fourthquarterearnings #geopoliticaluncertainties #improveddemand #Innovation #investorsentiment #MercedesBenzTrucks #netincome #operatingmargin #positivemarketenvironment #profitincrease #revenueincrease #sharesrise #supplychaindisruptions #unitsalesincrease

Things are looking up for the automotive industry as it is expected to remain dynamic in 2024 after facing challenges from the pandemic. Factors such as economic conditions, charging infrastructure limitations, and complex federal policies could impact new car sales and electric vehicle adoption. Automakers are adjusting production plans amidst softening demand, and challenges such as labor agreements and supply chain diversification are also on the horizon. Check out the full article for more insights here: https://hubs.ly/Q02y_Hff0 . . . . #Qmerit #QmeritCertified #Electrification #ElectricVehicles #EVMarket

New Post: The Auto Magazine - Daimler Truck: Record results in 2023 - https://lnkd.in/eC9N_Tfv Daimler Truck delivered record level results in revenue, EBIT (earnings before interests and taxes), adjusted return on sales (ROS) and industrial free cash flow in 2023 and continues its path on further improving the Group’s overall profitability towards the 2025 ambition. Daimler Truck benefitted from a strong demand in its key commercial vehicle markets and further increased its unit sales, revenue, EBIT, industrial free cash flow (FCF) and earnings per share (EPS). With 526,053 units, 1% more trucks and buses were sold worldwide in 2023 compared to prior-year level (520,291 units) – despite supply bottlenecks, which prevented even higher sales. […]

Just released: Daimler Truck sales disclosure 2023. 🚛🚌 ➡ We increased our unit sales worldwide once again in 2023: 526,053 units (2022: 520,291 units). ➡ We fully confirm our positive outlook & financial ambition for 2023 despite supply chain bottlenecks. ➡ Sales of #BatteryElectric vehicles jumped by 277% to 3,443 units. Press release: https://dth.ag/SD23 On March 1st, at our virtual Annual Results Conference, we will report in detail on financial and non-financial key figures of the 2023 financial year at Group and segment level and present our forecast for the current financial year 2024. #DaimlerTruck #SalesDisclosure

German truck and bus company, Daimler Truck AG reported a net profit of EUR957 million ($1.03 billion), down from EUR990 million largely due to supply chain issues that caused vehicle sales to decline from 134,972 to 128,861 units. The recent drop in share price and Q3 earnings comes amidst a broader industry struggle with supply chain disruptions. Many companies have been grappling with these issues, which have led to decreased production and sales across the sector. To stay updated with smart supply chain optimization insights, follow Pipeline - Procurement Intelligence. #DaimlerTruck #FutureMoves #DTR0CK #sustainabletransportation #supplychain #supplychainoptimization #supplychainmanagement #vehiclesales #netprofit #trucksales #mercedesbenz #freightliner #freightlinertrucks #westernstar #fuso #bharatbenz #rizon #pricinganalysis #categorymanagement #procurementinsights #pipelineprocurementintelligence via @https://lnkd.in/dWmGe83T

In this week's #automotive top stories: Daimler Truck Mexico has appointed Erika Paz Cabrera as Senior Marketing Manager and Mazda NA records January sales up by 31.8%. Read for more! #MexicoBusinessNews #MexicoBusiness #WeeklyRoundup