Daimler Truck (DTG) investor relations material

Executive summary

• Revenue rose 5% year-over-year to €12.3 billion, with net profit surging to €1.5 billion, driven by strong operations and a €1,340 million gain from the deconsolidation of Mitsubishi Fuso.

• Adjusted Group EBIT declined 18% year-over-year to €838 million, reflecting higher costs and special items.

• Full-year 2026 guidance was raised for adjusted Group EBIT (€3.6–4.1 billion) and adjusted return on sales (7–9%), supported by improved North America outlook and tariff relief.

• Strategic initiatives included launching a dedicated defense brand, a new U.S. manufacturing facility, and UK retail optimization.

• Free cash flow from Industrial Business surged to €1.8 billion in Q2 2026, supported by ARCHION cash inflow and operational improvements.

Financial highlights

• Q2 2026 revenue was €12.3 billion (+5% YoY); Industrial Business revenue reached €11.4 billion (+6% YoY).

• Adjusted EBIT for the Group was €838 million (-18% YoY); Industrial Business EBIT was €302 million (-20% YoY).

• Earnings per share for Q2 2026 was €1.91, with €0.15 from continuing operations.

• Free cash flow of the Industrial Business reached €1.76 billion, up from €20 million a year ago, mainly due to ARCHION proceeds.

• Net industrial liquidity increased to €8.3 billion (+9% YoY).

Outlook and guidance

• 2026 adjusted Group EBIT guidance raised to €3.6–4.1 billion; Industrial Business revenue expected at €43–47 billion.

• Group unit sales forecast at 340,000–370,000 units; Trucks North America unit sales guidance at 160,000–180,000 units.

• Adjusted return on sales (IB) expected at 7–9%; free cash flow guidance raised to €3.0–3.5 billion.

• Daimler Buses unit sales outlook lowered to 20,000–25,000 units due to weak Latin America and Mexico markets.

• Segment guidance: Trucks North America ROS 9–11%, Mercedes-Benz Trucks 6–8%, Daimler Buses 8–10%, Financial Services ROE 6–8%.