Daimler Truck raises FY outlook on stronger than expected Q3
Reuters
Published Oct 26, 2022 19:33
BERLIN (Reuters) - Daimler Truck on Wednesday slightly raised its full-year earnings forecast after reporting better-than-expected results in the third quarter thanks to a jump in unit sales, higher prices and strong aftersales business.
Daimler Truck now expects full-year group revenue between 50 billion - 52 billion euros ($50.40 billion - $52.42 billion), up from a previous forecast of 48 billion - 50 billion.
The company, which will present its third-quarter report on Nov. 11, said adjusted earnings before interest and taxes (EBIT) rose 159% in the third quarter to 1.27 billion euros, above analysts' forecast of 1.08 billion euros.
($1 = 0.9921 euros)
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Written By: Reuters
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