Daimler Truck (DTG) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenue was €11.6 billion, down 7% year-over-year, with 99,800 units sold; adjusted group EBIT was €1.2 billion and EPS was €0.99.

• Free cash flow in the industrial business dropped sharply to €33 million, and net industrial liquidity stood at €7.9 billion.

• Strategic measures included integrating China and India into Mercedes-Benz Trucks and launching major cost reduction initiatives in Europe.

• Significant product milestones included Amazon’s record order for over 200 eActros 600 electric trucks and the launch of the Truck Charge initiative.

• Market environment weakened, especially in North America and EU30, impacting heavy-duty truck demand.

Financial highlights

• Adjusted EBIT for the group declined 4% year-over-year to €1,164 million; net profit was €799 million.

• Trucks North America delivered €778 million in adjusted EBIT and a 14.4% return on sales.

• Mercedes-Benz Trucks posted €238–417 million in adjusted EBIT and a 5.4–8.0% return on sales.

• Daimler Buses more than doubled adjusted EBIT to €126 million, with a 9.4% return on sales.

• Free cash flow before interest and taxes was €268 million; adjusted free cash flow was €143 million.

Outlook and guidance

• 2025 unit sales guidance for Industrial Business lowered to 430,000–460,000 units; revenue forecasted at €48–51 billion.

• Adjusted group EBIT for 2025 expected between -5% and +5% year-over-year.

• Adjusted return on sales for Industrial Business expected at 8–10%.

• Free cash flow for the industrial business expected to decrease by 10–25%.

• Cost Down Europe program targets over €1 billion in recurring cost reductions by 2030.