16.07.2024 20:06:13 - dpa-AFX: EQS-Adhoc: preliminary results for Q2 2024: Operational performance of Industrial Business of 10.2% - full impairment of China Joint Venture with EUR120 million impact leads to adj. ROS of 9.3% (english)

preliminary results for Q2 2024: Operational performance of Industrial
Business of 10.2% - full impairment of China Joint Venture with EUR120 million
impact leads to adj. ROS of 9.3%

EQS-Ad-hoc: Daimler Truck Holding AG / Key word(s): Quarter
Results/Preliminary Results
preliminary results for Q2 2024: Operational performance of Industrial
Business of 10.2% - full impairment of China Joint Venture with EUR120 million
impact leads to adj. ROS of 9.3%

16-Jul-2024 / 20:05 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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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 EUR120 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:

* Daimler Truck Group, EBIT: EUR1,076 million (consensus: EUR1,253 million)

  * Daimler Truck Group, adj. EBIT: EUR1,168 million (consensus: EUR1,259
    million)


  * Industrial Business, adj. EBIT: EUR1,156 million (consensus: EUR1,205
    million)


* Industrial Business, adj. ROS: 9.3 % (consensus: 9.6%)

  * Industrial Business, Free Cash Flow: EUR -285 million (consensus: EUR240
    million)


For the individual segments, the preliminary and unaudited results for Q2 of
2024 are as follows:

Trucks North America

* adj. EBIT of EUR875 million (consensus: EUR765 million)

* adj. ROS of 14.5% (consensus: 12.7%)

Mercedes-Benz

* adj. EBIT of EUR299 million (consensus: EUR403 million)

* adj. ROS of 6.5% (consensus: 8.7%)

Trucks Asia

* adj. EBIT of EUR -82 million (consensus: EUR48 million)*

* adj. ROS of -5.8% (consensus: 3.4%)*

*of which EUR120 million impact from impairment of BFDA.

Daimler Buses

* adj. EBIT of EUR115 million (consensus: EUR78 million)

* adj. ROS of 9.1% (consensus: 6.6%)

Financial Services

* adj. EBIT of EUR12 million (consensus: EUR53 million)

* adj. ROE of 1.8%

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

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16-Jul-2024 CET/CEST The EQS Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

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   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
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
DAIMLER TRUCK HLDG NA ON DTR0CK Xetra 34,600 23.08.24 17:35:17 +0,370 +1,08% 0,000 0,000 34,270 34,600

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