By Adria Calatayud


Daimler Truck reported a decline in adjusted earnings and revenue for the third quarter, citing challenging market conditions in Europe.

The German truck and bus maker said Thursday that adjusted earnings before interest and taxes for the third quarter were 1.19 billion euros ($1.27 billion) compared with 1.34 billion euros for the same period last year.

Daimler Truck said it delivered a strong performance in North America, but that its Mercedes-Benz segment faced a tough market in Europe.

Revenue fell to 13.14 billion euros from 13.86 billion euros as sales volumes dropped 11% to 114,917 units.

Analysts had forecast an adjusted EBIT of 1.14 billion euros on revenue of 13.19 billion euros, according to consensus estimates provided by Visible Alpha.

The company said it continued to expect full-year revenue of between 53 billion and 55 billion euros, with EBIT falling significantly on a reported basis and by a narrower margin when taking out exceptional items.

Daimler Chief Financial Officer Eva Scherer said the company will focus on free cash flow in the fourth quarter after its industrial business experienced an outflow of 41 million euros in the third.


Write to Adria Calatayud at adria.calatayud@wsj.com


(END) Dow Jones Newswires

11-07-24 0119ET