- Daimler Truck Holding (OTC:DTRUY) group revenue for Q1 rose by 17% to €10.6 billion versus €9.0 billion last year. The company said it benefitted from strong demand despite ongoing supply bottlenecks.
- Group unit sales rose significantly to 109,000 units, up 8% Y/Y.
- "Optimized semiconductor allocation and adjusted net pricing proved to be efficient actions to countermeasure chip shortages and headwinds from raw material prices," said CFO Jochen Goetz.
- Daimler expects FY22 sales of 500,000 – 520,000 and raised its FY22 revenue outlook to €48.0 billion - €50.0 billion from €45.5 billion - €47.5 billion.
- Following the outbreak of Russia's war against Ukraine, Daimler Truck decided on February 27th, 2022, to suspend all business activities in Russia.
- Price Action: DTRUY shares closed lower by 0.21% at $14.24 on Monday.
- Photo Via Wikimedia Commons
