(AOF) – Daimler Truck, recorded a 15% increase in its adjusted Ebit in the second quarter, to 1.01 billion euros, far exceeding analysts’ expectations thanks to strong demand and positive currency effects . Net profit jumped by 56%, from 608 million euros to 946 million euros, generating EPS of 1.12 euros, against 0.73 euros twelve months earlier. The quarterly turnover of the German manufacturer stands at 12.1 billion euros, above the forecasts which counted on 11.8 billion euros.
Daimler Truck maintained its group-wide outlook of an adjusted return of 7-9% and revenue of 48-50 billion euros, but lowered the adjusted return targets for its Trucks business Asia at 1-3%, versus 3-5% previously, due to the impact of supply chain constraints in China in the second quarter.
“Supply and not demand remains the limiting factor,” the company said in a statement, adding that the order book remains high.