Defied supply chain concerns
Daimler Truck puts more vehicles on the road
January 15, 2024, 3:58 p.m
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The truck manufacturer Daimler Truck has been struggling with parts procurement for a long time. But at the end of the year, the DAX group sees itself on track. Other markets were able to absorb the weakness in Europe. It is said that the most important goals have been achieved.
The truck manufacturer Daimler Truck increased sales slightly last year despite supply gaps in the supply chain. In total, around 526,000 trucks and buses were sold, one percent more vehicles than in the previous year, the DAX group said. The difficult supply situation with parts prevented even higher sales, explained CEO Martin Daum. “We are very confident of achieving our financial ambitions for 2023,” he added.
The growth of four percent in the most important market North America was offset by a decline of five percent in Europe. In Asia, sales improved by three percent. The number of battery-electric commercial vehicles delivered in 2023 was 3,443, more than three times as high as in the previous year. The bus division, which was weakened during the corona pandemic, has recovered significantly, selling 26,168 units, nine percent more than in the previous year.
The company last confirmed its outlook for 2023 in November, according to which sales in the industrial business should be between 54 billion and 56 billion euros. The year before, the group had earned 49.2 billion euros. The corresponding adjusted return should be between 8.5 and 10.0 percent.
Daimler Truck wants to publish the key financial figures for 2023 and present the forecast for the current 2024 financial year on the day of the annual press conference, March 1st.