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Stuttgart – #daimlertruck Holding AG (“Daimler Truck”) successfully kept its focus on working to improve its overall profitability in 2021. With its approach of a strict fixed cost discipline the company achieved its financial targets for 2021 despite significant supply chain headwinds. #daimlertruck benefitted from an overall economic recovery in the most important commercial vehicle #sales markets in the financial year 2021 and significantly increased its unit #sales, revenue and net profit. With 455,400 units, 20% more trucks and buses have been sold worldwide in 2021 compared to prior-year level (378,300 units). The company gained advantage from a recovery in its most important markets, especially in the first half of 2021. While demand remained strong across core markets during the second half, supply constraints slowed production and limited volume growth especially for heavy duty vehicles in North America and Europe.
Supported by the overall significant growth in unit #sales volume, the company’s revenue increased to € 39,8 billion in 2021 (+ 10% compared to previous year: € 36,0 billion). Supported by a very strong demand environment and driven by all segments Daimler Truck’s incoming #orders for 2021 in the industrial business have mounted to 590,000 units, a plus of 37% compared to prior year (430,500 units). Even more important, 2021 also showed a favorable development for earnings and Return on #sales (RoS) driven by strong #sales, an improved net pricing and cost reduction measures.
The adjusted EBIT (earnings before interests and taxes) significantly rose to € 2,552 million (previous year: € 657 million). The adjusted RoS of the Industrial Business in 2021 was at 6.1% versus previous year’s RoS adjusted of 1.9%. The Free Cash flow of the Industrial Business amounted to € 1,556 million in the reporting year (2020: € 1,781 million). All in all, #daimlertruck delivered on the targets for cost reduction and margin improvement. Simultaneously #daimlertruck faced headwinds by the effect that the supply chain constrains predominantly affected the Group’s highly profitable #truck portfolio in North America and Europe.
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