Demand increase took to a 28% higher revenue to 50.9 billion euro
By Redação AutoIndústria | Translated by Jorge Meditsch
In the first full year as an independent company, Daimler Truck says it accomplished its strategic and financial aims in 2022, despite the restrictions caused by components shortage and the cost pressure. The company’s unit sales, revenue, EBTIDA, cash flow and profit per share increased.
Benefitting from a strong demand, Daimler Truck sold 520.3 thousand trucks and buses globally, 14% more than in 2021 (455.4 thousand). Therefore, besides the favorable exchange rates and higher prices, the group’s revenue increased by 28% to 50.9 billion euros, compared to 39.5 billion euros in the previous year.
The company also had a 55% expansion in EBITDA to 3.9 billion euros. Sales return reached 7.7%, 1.6% more than in 2021 (6.1%). The free cash flow grew by 12% to 1.7 billion euros, and the profit per share reached 3.24 euros, a 14% rise over the previous year.
“2022 was a very special year, challenging in many aspects but, above all, a first year of success for Daimler Truck as an independent company”, said in a note Martin Daum, president of the Management Board. ‘The strong results show we have managed the environment very well with the impact of the war in Ukraine, the continuous supply chain restrictions and high inflation.”
The company highlights significant strategic progress, especially regarding the ambition to lead the transformation into sustainable transportation. Last year, the group began mass-producing the electric Freightliner eCascadia in the United States and the Mercedes-Benz eEconic in Germany.
In the Hanover international transportation show, it showed what it intends with the Mercedes-Benz eActros LongHaul, a heavy-duty electric truck with about 500 km range, and its subsidiary Mitsubishi Fuso presented the new eCanter generation in Japan and Europe.
For 2023, the group expects difficult economic conditions due to the energy prices increase and the persistent supply chain tension. Nevertheless, the expectation is to deliver from 510 to 30 thousand trucks and buses. The company expects thus a revenue increase between 53 billion to 55 billion euros with a sales return of up to 9%.
Photo: Daimler Truck
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