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DAIMLER TRUCK HOLDING AG

(DTG)
  Report
Delayed Xetra  -  11:35 2022-09-29 am EDT
22.70 EUR   -3.43%
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Daimler Truck sells out in 2022, keeps prices high

08/11/2022 | 09:03am EDT

STORY: Daimler Truck will keep prices high even if certain costs start to fall.

The German firm said Thursday (August 11) this was to compensate for lower margins since last year.

It said energy prices and chip shortages will weigh in the second half of this year, though it believes some supply chain issues will ease.

The truck and bus maker is confident strong demand will allow it to keep passing rising energy costs onto customers.

Though it had said earlier this year that price hikes were out of necessity and would be reversed if raw material prices went back to pre-health crisis levels.

Daimler Truck reported a 15% rise in earnings before interest and taxes to just over $1 billion in the second quarter - way beyond analyst projections.

Adjusted returns were slightly down on last year though.

Its trucks are sold out in Europe and North America for 2022.

The company is now reallocating scarce chips from countries like Japan and India to serve orders in higher margin markets.


© Reuters 2022
All news about DAIMLER TRUCK HOLDING AG
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Analyst Recommendations on DAIMLER TRUCK HOLDING AG
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Financials
Sales 2022 48 467 M 47 341 M 47 341 M
Net income 2022 2 455 M 2 398 M 2 398 M
Net Debt 2022 9 077 M 8 866 M 8 866 M
P/E ratio 2022 7,26x
Yield 2022 4,57%
Capitalization 18 677 M 18 243 M 18 243 M
EV / Sales 2022 0,57x
EV / Sales 2023 0,53x
Nbr of Employees 103 386
Free-Float 56,9%
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Mean consensus BUY
Number of Analysts 8
Last Close Price 22,70 €
Average target price 37,00 €
Spread / Average Target 63,0%
EPS Revisions
Managers and Directors
Martin Daum Chairman-Management Board
Jochen M. Goetz CFO & Member-Management Board
Josef Kaeser Chairman-Supervisory Board
Michael Brosnan Member-Supervisory Board
Michael Brecht Deputy Chairman-Supervisory Board
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