Daimler Truck managed to increase its electric truck sales in the first three months of the current year, compared to the same period, last year. The global brand sold 813 electric vehicles (+183%). This is what emerged analyzing the official sales data.

Daimler Truck results in Q1, 2024

Overall, Daimler Truck sold less trucks in Q1, 2024, than in Q1, 2023: 108,911 units against 125,172 units, reflecting the expected normalization of the truck market on a global scale. Furthermore, with €13.3 billion the Group’s revenue is on the same level as the previous year’s first quarter (Q1 2023: €13.2 billion). With a slight increase adjusted Group EBIT is on the same level as the previous year to €1.21 billion in the reporting period (Q1 2023: €1.16 billion). At €847 million, net profit increased compared to the prior-year quarter with €795 million.

“We had a positive start into 2024, delivering a robust profitability on lower sales volumes. Our first quarter results clearly demonstrate: While markets are getting back to normal, our company delivers stable EBIT and Return on Sales. While we are on track towards our financial targets for the full year, headwinds in Europe are increasing. Our global team is focused, determined and confident to achieve our 2024 targets”, stated Martin Daum, CEO of Daimler Truck.

Highlights

Related articles

Renault Trucks to electrify logistics flows between its French plants

Two partner hauliers have been chosen to carry out this task over the next six years, namely the Dupessey&Co Group and Transports Chazot. Five electric trucks, each loaded with 22 tonnes of equipment, will make two round trips a day (360 km) to deliver the axles, manufactured at the Lyon site, to th...