Daimler Truck profit halves on US tariffs and weak demand
Daimler Truck reported a sharp decline in first-quarter profit as US tariffs and weak demand weighed on its largest market. The company expects a recovery in the second quarter following an 86 percent surge in regional order intake.
Xurve View
Insights:
Xurve View
DAIMLER TRUCK HOLDING AG reported its first-quarter adjusted operating profit fell 54% to 498 million euros ($584 million) as North American demand hit a 16-year low. Import tariffs and weak regional sales volumes drove the sharp decline from 1.08 billion euros a year earlier. Investors are weighing a 5.4% return on sales against a surge in new orders that suggests a recovery ahead.
