(CercleFinance.com) – Daimler Truck revealed on Friday a turnover and profit above expectations for the first quarter, but the caution of its outlook caused its stock price to decline.
When these results were announced, the stock posted a decline of almost 5% early in the morning and suffered the biggest drop in the DAX index on the Frankfurt Stock Exchange.
The German truck manufacturer reported this morning an increase in its adjusted earnings before interest and taxes (Ebit) to 1.21 billion euros over the first three months of the year, compared to 1.16 billion a year ago. year earlier.
This result exceeds analysts’ expectations, as does its turnover, which rose slightly to 13.3 billion euros, compared to 13.2 billion over the same period of 2023, despite a decline of 13%. of its sales in volume, which fell by 108,911 units.
In its press release, Daimler says it is on track to achieve its annual objectives, which it has confirmed, but also explains that it is preparing to face ‘increasingly headwinds’ on the European market.
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