BERLIN (Reuters) – Daimler Truck will pay its first dividend of 1.30 euros per share after meeting its 2022 targets, the company said on Friday, adding it expects higher profit and revenue this year despite supply chain bottlenecks.
Adjusted profit before interest and tax (Ebit) increased by 55% to reach 3.9 billion euros in 2022, thanks to revenue up 28% and adjusted profitability on sales of 7.7% .
The European business saw the biggest increase in profit, at 112%, thanks to an 18% increase in unit sales. But in Asia, adjusted profit was down 60%, in part due to lockdowns related to the Covid-19 pandemic in China.
The truck and bus maker expects sales in line with 2022 this year and an increase in revenue to 55-57 billion euros, as well as an adjusted profitability of sales of 7, 5-7.9%.
Daimler Truck had already revised upwards its profit and sales forecasts for the year in October, after a stronger than expected third quarter. The group had also said that the impact of the war in Ukraine on its supply chains was less significant than for some of its competitors.
(Report by Victoria Waldersee, Dina Kartit, edited by Kate Entringer)
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