Daimler Truck: Small question mark on future demand

In the third quarter, Daimler Truck increased sales by 27 percent to nearly 135,000 vehicles. Turnover increased by 7 percent to 13.5 billion euros. Adjusted operating profit rose 159 percent to 1.27 billion euros, beating the consensus expectation of 1.1 billion euros. Daimler Truck forecasts full-year turnover of 50-52 billion euros (old: 8-50 billion euros). Reportable operating profit is expected to grow by 5 percent to 15 percent, the maximum growth expected so far is 5 percent. Analysts at DZ Bank later reaffirmed their recommendation to hold shares of Daimler Trucks (WKN: DTR0CK, ISIN: DE000DTR0CK8, Chart). The price target is raised from 29.00 euros to 30.00 euros. According to experts, the fourth quarter should also go well. However, the current economic situation may affect the order situation in the coming quarters. Experts see the current year’s profit per share at 3.69 euros (previously 2.92 euros). The forecast for 2023 rises from 3.29 euros to 3.67 euros. , Daimler Truck shares fell 1.1 percent to 28,395 euros.

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