Overview
- Daimler Truck reported first‑quarter net profit of €149 million, down from €749 million, as revenue fell 14% to €9.1 billion and the industrial margin slipped to 5.0%.
- Weak North American demand drove the decline, with US sales down 25% to 29,432 trucks and US operating profit dropping 73% to €209 million.
- Tariffs on trucks assembled in Mexico and imported into the United States added costs in the low hundreds of millions of euros, according to the chief financial officer.
- Order intake rebounded from a very weak base, with US orders up 86% and group orders up about 50%, and the company kept full‑year targets of €42–46 billion in industrial revenue and a 6–8% adjusted margin.
- Management postponed a planned battery‑cell project with Amplify Cell Technologies and booked about €200 million in charges, and it is accelerating a cost‑cut plan that aims for more than €1 billion in recurring savings by 2030.