# Daimler Truck sees higher returns as supply chains, demand improve
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2023-05-09
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: Daimler Truck Reports Solid Q1 Performance with 8.8% Returns
Meta Description: Daimler Truck sees adjusted return of 8.8%, up from 5.9% last year. Revenue increases by 25%. Operating profit jumps by 78% to 1.162 billion euros.
URL: https://financedigest.com/daimler-truck-sees-higher-returns-as-supply-chains-demand-improvehtml

![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/2023-05-09t052208z1lynxmpej4803jrtroptp4germany-iaa-transportation-1736814049767-compressed.jpg)

# Daimler Truck sees higher returns as supply chains, demand improve

BERLIN (Reuters) – Daimler Truck reported on Tuesday an adjusted return of sales of 8.8% in the first quarter of the year, up from 5.9% last year and towards the top end of its annual outlook for 2023, on a rise in revenue of 25%.

The truck and busmaker confirmed preliminary results released late April of a 78% jump in operating profit to 1.162 billion euros ($1.28 billion).

Its Asia business, which struggled in 2022, yielding just a 2.6% margin, saw some improvement in the first quarter, reaching a margin of 4.6%.

Its [North America and Europe](https://www.financedigest.com/north-america-europe-industry-power-distribution-component-market-to-develop-rapidly-by-2020-2030.html "North America & Europe Industry Power Distribution Component Market to Develop Rapidly by 2020-2030") divisions saw returns of 11.6% and 8.8% respectively, in line with long-term targets.

Broadly, global supply chains were stabilising and demand was up compared to this [time last year](https://www.financedigest.com/world-food-prices-rise-for-first-time-in-a-year-fao.html "World food prices rise for first time in a year- FAO"), the statement said, as illustrated by the 15% jump in unit sales to just over 125,000 units.

The company kept its outlook from earlier this year unchanged, [forecasting 55-57 billion euros in revenue for the year and 7.5-9% adjusted](https://www.financedigest.com/paypal-adjusted-margin-forecast-cut-eclipses-higher-profit-expectations.html "PayPal adjusted margin forecast cut eclipses higher profit expectations") returns.

($1 = 0.9084 euros)

(Reporting by Victoria Waldersee, Editing by Rachel More)


---
This blog is powered by Superblog. Visit https://superblog.ai to know more.
---