By Cecilia Butini
Daimler Truck Holding AG on Friday posted a constructive outlook for the 12 months forward as earnings and income improved within the fourth quarter and full 12 months.
The German vans and buses producer reported adjusted earnings earlier than curiosity and taxes of 1.03 billion euros ($1.09 billion) for the fourth quarter of 2022, up from EUR594 million the earlier 12 months. Revenue rose to EUR14.78 billion within the quarter from EUR11.35 billion the 12 months prior, Daimler Truck stated. Revenue and adjusted EBIT additionally rose within the full 12 months, reaching EUR50.95 billion and EUR3.96 billion, respectively.
In the fourth quarter, the corporate delivered 155,072 items at group degree, and it confirmed a beforehand given determine for 2022 of 520,291 items.
Daimler Truck proposed a dividend of EUR1.30 a share, its first as an unbiased firm.
Looking forward at 2023, Daimler Truck stated it expects a big enhance in income, coming in a variety between EUR53 billion and EUR55 billion in industrial enterprise and between EUR55 billion and EUR57 billion at group degree. It can also be anticipating a big enhance in adjusted EBIT, it stated. At unit degree, the corporate expects 2023 gross sales in a variety between 510,000 and 530,000 items, it stated.
Write to Cecilia Butini at cecilia.butini@wsj.com
Source web site: www.marketwatch.com
