Daimler Truck Holding Ag Stock Earnings Reports

Daimler Truck reported a soft Q1 driven by very low volumes in North America and tariff-related headwinds, but maintained a strong balance sheet and positive outlook supported by hefty order intake. Group revenue was EUR 10.0 billion, adjusted EBIT around EUR 500 million and net profit EUR 149 million; net industrial liquidity stood at EUR 7.1 billion. Industrial Business revenue fell 14% YoY to EUR 9.1 billion and adjusted EBIT declined 55% to EUR 460 million, mostly due to Trucks North America (revenue -29% YoY) where unit sales hit the weakest Q1 since 2010. Incoming orders rose ~50% to 114,000 units (book-to-bill ~166%), providing a large backlog and confidence for the remainder of the year. Strategic moves: completion of Mitsubishi Fuso and Hino integration into ARCHION (expecting cash inflow EUR 1.5–2.0 billion and gradual reduction of Daimler Truck stake to 25% with a target free float ≥35% within 12 months), Toyota joining cellcentric to accelerate hydrogen fuel-cell efforts, and a decision to defer Amplify Cell Technologies capacity build which led to a noncash partial impairment of EUR 200 million but reduces near-term cash contributions and improves free cash flow. Zero-emission vehicle deliveries were ~700 BEVs (+26% YoY) though infrastructure constraints remain a bottleneck. Guidance was reconfirmed: North American heavy-duty market expected 250k–290k units, EU30 290k–330k; management expects a sequential recovery (Trucks North America unit sales ~50% higher in Q2 vs Q1) and to be at the upper end of the full-year adjusted return-on-sales guidance (6%–8%) assuming conservative tariff assumptions.