7. Aug 2026
Description
(AWP Alliance News) - German commercial vehicle maker Daimler Truck reported a 48% drop in second-quarter profit on Friday as tariffs continued to weigh on profitability.
Net profit fell to ?128 million ($147.5 million) from ?245 million in the same period last year, the company said.
Revenue, however, rose by 5% to around ?12.3 billion, while earnings before interest and taxes (EBIT) fell by 9% to ?360 million.
In the industrial business, which excludes financial services, EBIT declined more sharply, by 20%.
Vehicle sales increased by 8% year-on-year to 86,707 trucks and buses.
"Strong results at Trucks North America and an improved outlook for the region, driven by higher unit sales and a lower tariff impact for the remainder of the year, give us the confidence to raise our full-year guidance," chief executive Karin Rådström said.
Daimler Truck expects earnings growth to accelerate in the second half of the year and has raised its forecast for the current financial year.
The company has faced sharp profit declines in recent quarters. Net profit fell by 34% to ?2 billion in 2025 and plunged by 80% in the first quarter of this year.
To become more competitive, the company launched a cost-cutting programme last year, aiming to reduce ongoing costs in Europe by more than ?1 billion by 2030. In Germany, around 5,000 jobs are expected to be cut, with the Mercedes-Benz truck brand particularly affected. Cost reductions are also planned in North America.
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