(Alliance News) - Daimler Truck Holding AG on Tuesday lowered its sales and adjusted earnings outlook to reflect uncertain trading and demand in the US.

The Leinfelden-Echterdingen, Germany-based commercial vehicle manufacturer said adjusted earnings before interest and taxes fell 4.1% to EUR1.16 billion in the first quarter from EUR1.21 billion a year prior.

Revenue declined 7.4% to EUR11.56 from EUR12.48 billion. Free cash flow plummeted to EUR33 million from EUR1.21 billion.

The firm said it delivered "strong" results marked by growing macroeconomic uncertainties.

Mercedes-Benz Trucks faced continued headwinds in Europe which resulted in significantly lower unit sales offset by the strong performance of Trucks North America and Daimler Buses, the firm said.

Trucks Asia delivered solid first quarter results with increased unit sales, revenue and adjusted Ebit.

Global unit sales in the quarter totalled 99,812 units down 8.4% from 108,911 a year ago, while incoming orders were 103,151 units down slightly from 105,807.

The firm reported lower incoming orders for Trucks North America, down 29% year-on-year, reflecting growing uncertainties in North America. Mercedes-Benz Trucks saw a positive trend in incoming orders with an increase of 9% compared to a year ago.

Reflecting the "growing economic uncertainty and the resulting pressure on demand in the US," Daimler Truck reduced its sales outlook for the full year, while keeping margin guidance unchanged - both for North America and for the Industrial business.

Looking ahead, Daimler Truck adjusted the volume guidance for the heavy-duty Class 8 market in North America to 260,000 to 290,000 units from 280,000 to 320,000 units.

For Trucks North America, the group now expects sales volume of 155,000 to 175,000 units down from 180,000 to 200,000 units before.

This assumes increasing customer confidence and order behaviour from current low levels, the company added.

Despite the reduced unit sales volume, profitability of Trucks North America for the full year is still expected in the range between 11% and 13%.

The reduced sales volume expectation in North America means the group expects group adjusted Ebit between minus 5% and plus 5% year-over-year, revised from the previous guidance of plus 5% to 15%.

Group unit sales are expected to be between 430,000 to 460,000 units, down from 460,000 to 480,000 units. Revenue for the Industrial Business is forecasted at EUR48 to EUR51 billion, down from EUR52 to EUR54 billion.

Shares in Daimler Truck closed up 1.9% at EUR39.76 each in Frankfurt on Tuesday.

By Jeremy Cutler, Alliance News reporter

Comments and questions to [email protected]

Copyright 2025 Alliance News Ltd. All Rights Reserved.