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Top related persons:
Victoria Waldersee - 2 busmaker - 1 Martin Daum - 1 Ilona Wissenbach - 1 Friederike Heine - 1 Kim Coghill - 1 Bernadette Baum - 1 Maria Martinez - 1
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United States Japan BERLIN Europe Asia
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Daimler - 2 Thomson - 2 North America - 1

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3 mentions found


☆ Daimler Truck hits record returns margin amid rising costs
  + stars: | 2023-08-01 | by ( ) www.reuters.com   time to read: +1 min
BERLIN, Aug 1 (Reuters) - Daimler Truck (DTGGe.DE) achieved a second-quarter record adjusted return on sales of 10.3% for its industrial business, the company said on Tuesday, even as it faced rising monthly costs from inflation. Supply chain issues were easing, the truck and busmaker said, with some bottlenecks remaining this year though no major production downtime was expected. The company struggled in the first quarter with supply chain issues for semiconductors, but has maintained that a general improvement in supply chains would lift its profits. Earnings per share in the quarter fell slightly to 1.11 euros compared to 1.12 euros a year earlier. ($1 = 0.9101 euros)Reporting by Ilona Wissenbach, Victoria Waldersee, Writing by Friederike Heine; Editing by Kim Coghill and Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.
Persons: busmaker, Martin Daum, Ilona Wissenbach, Victoria Waldersee, Friederike Heine, Kim Coghill, Bernadette Baum Organizations: Daimler, Thomson Locations: United States, Japan
☆ Daimler Truck raises 2023 guidance for revenue, profit
  + stars: | 2023-07-10 | by ( ) www.reuters.com   time to read: 1 min
BERLIN, July 10 (Reuters) - Daimler Truck (DTGGe.DE) has raised its guidance for adjusted returns on sales in its industrial business to a range of 8.5% to 10% from 7.5% to 9% previously for the financial year 2023, it said on Monday. The truck and busmaker now expects revenue to reach 56-58 billion euros ($63.79 billion), from 55-57 billion previously, with unit sales forecast around 20,000 higher to a range of 530,000 to 550,000. Its adjusted return-on-sales forecast rose to 11-13% for its North America division, 8-10% for its Europe division, and 4-6% for its Asia division. The company also announced a share buyback program starting August 2023 of up to 2 billion euros, to be acquired over up to two years. ($1 = 0.9092 euros)Reporting by Victoria Waldersee and Maria MartinezOur Standards: The Thomson Reuters Trust Principles.
Persons: Victoria Waldersee, Maria Martinez Organizations: Daimler, North America, Thomson Locations: BERLIN, Europe, Asia
☆ Daimler Truck sees higher returns as supply chains, demand improve
  + stars: | 2023-05-09 | by ( ) www.reuters.com   time to read: +1 min
The truck and busmaker confirmed preliminary results released late April of a 78% jump in operating profit to 1.162 billion euros ($1.28 billion). Its Asia business, which struggled in 2022, yielding just a 2.6% margin, saw some improvement in the first quarter, reaching a margin of 4.6%. Its North America and Europe divisions saw returns of 11.6% and 8.8% respectively, in line with long-term targets. Broadly, global supply chains were stabilising and demand was up compared to this time last year, the statement said, as illustrated by the 15% jump in unit sales to just over 125,000 units. The company kept its outlook from earlier this year unchanged, forecasting 55-57 billion euros in revenue for the year and 7.5-9% adjusted returns.
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