Progress in the US: Daimler Truck raises its forecast

Daimler Truck has revised its financial outlook upward following progress in the United States, according to the company’s announcement from Leinfelden-Echterdingen, Germany. The truck manufacturer expects improved sales in North America due to favorable developments related to the recognition of U.S.-value-added components. This decision was made after the U.S. Department of Commerce approved the application for such recognition effective November 1, 2025. The approval is viewed as a positive step for the company, which operates within the DAX index. The updated forecast indicates that the adjusted earnings before interest and taxes (EBIT) for the current year should fall within a range of €3.6 billion to €4.1 billion, representing an increase of €400 million at both ends of the spectrum. Additionally, the target range for revenue in the industrial business, excluding financial services, has been raised by €1 billion, now projecting between €43 billion and €47 billion. In 2025, Daimler generated nearly €46 billion in industrial business revenue and achieved operational profits of €3.8 billion. In the second quarter, however, the recognition of U.S.-value-added components did not have an impact. Preliminary figures show that both revenue and operating profit declined during this period. Adjusted EBIT dropped by a quarter to €838 million, while industrial business revenue stood at €11.4 billion, compared to €11.8 billion in the same quarter of the previous year. Daimler Truck faces pressure as recent performance has not met expectations. In 2025, the company's profit fell by 34 percent compared to the previous year, reaching €2 billion. This decline was attributed to U.S. tariffs and weak demand in North America, which significantly impacted the business. Revenue and sales figures also showed a downward trend. In the first quarter of this year, profit plummeted by 80 percent. To enhance competitiveness, Daimler initiated the “Cost Down Europe” cost-cutting program last year. By 2030, the initiative aims to reduce ongoing costs on the European continent by more than €1 billion. As part of these measures, approximately 5,000 jobs in Germany are expected to be eliminated. These steps reflect broader efforts to stabilize the company amid challenging market conditions and internal restructuring.