Sunday, September 25, 2022
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Daimler Trucks Estimates Around 15% Growth in North America

The top authorities of Daimler Trucks Holding AG has been expecting their record backlog and the ongoing gains in the efficiency for the purpose of improving the performance of the company well into the year 2023, along with the strong demand for the commercial vehicle brands like Western Star and Freightliner in the region of North America.

In 2021, the business of Daimler Truck North America has posted the sales of around 17.5 billion dollars against 15.4 billion dollars in 2020. The adjusted EBITDA had been around 1.6 billion dollars, which is increased by around 40 percent from the year 2020 because of the increasing sales of the vehicles and higher prices. The company has also earned the adjusted EBITDA of around 2.8 billion dollars on the revenues of over 44 billion dollars.

For the year 2022, the company is expecting sales of 175,000 to 195,000 from the unit of North America and an adjusted return on equity of around 10 percent to 12 percent. The company is also pushing through a large increase in the price and might also need to return to the customers in 2022 along with another one if the costs of input are continuing to increase.

Jochen Goetz, CFO of Daimler Trucks said that, only a minimum number of the customer have adjusted their orders in the response to the increase in the prices which has been a sign of the very strong demand for the trucks in the future.