DAIMLER TRUCK HOLDING AG EQS-Adhoc: preliminary results for Q2 2024: Operational performance of Industrial Business of 10.2% - full impairment of China Joint Venture with €120 million impact leads to adj. ROS of 9.3%
Transparency directive : regulatory news
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EQS-Ad-hoc: Daimler Truck Holding AG / Key word(s): Quarter Results/Preliminary Results Leinfelden-Echterdingen – Daimler Truck Holding AG ("Daimler Truck") discloses preliminary and unaudited results for the second quarter of 2024. Based on the persistent weak market development in China, Daimler Truck fully impaired the at-equity book value of its China Joint Venture BFDA (Beijing Foton Daimler Automotive). This had a negative one-time, non-cash impact on adj. EBIT of the segment Trucks Asia and the Industrial Business of €120 million. Excluding this one-time impact, the Q2 Industrial Business adj. ROS of 9.3% would amount to 10.2%. Strong results in the segments Trucks North America and Daimler Buses exceeded market expectations, while the segments Mercedes-Benz and Financial Services ended the quarter below market expectations. The full-year guidance is currently under review. The following results for Q2 2024 are preliminary and unaudited:
For the individual segments, the preliminary and unaudited results for Q2 of 2024 are as follows: Trucks North America
Mercedes-Benz
Trucks Asia
*of which €120 million impact from impairment of BFDA.
Daimler Buses
Financial Services
The full quarterly results and interim report will be published on August 1st, 2024. The terms (adj.) EBIT, (adj.) ROS, (adj.) ROE and Free Cash Flow are defined from page 36 onwards in the Daimler Truck Annual Report 2023.
End of Inside Information
16-Jul-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Daimler Truck Holding AG |
| Fasanenweg 10 | |
| 70771 Leinfelden-Echterdingen | |
| Germany | |
| E-mail: | IR@daimlertruck.com |
| Internet: | www.daimlertruck.com |
| ISIN: | DE000DTR0CK8 |
| WKN: | DTR0CK |
| Indices: | DAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1947529 |
| End of Announcement | EQS News Service |
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1947529 16-Jul-2024 CET/CEST
source : webdisclosure.com