Daimler Truck Holding AG ("Daimler Truck") started 2023 with a strong business development and continues its profitable growth path. In the first quarter of the current financial year the group significantly increased its unit sales compared to prior-year’s quarter by 15% to 125,172 units (Q1 2022: 109,286). Supported by a stabilization of global supply chains compared to prior-year quarter, high demand and the increase in unit sales, revenue significantly rose by 25% to €13.2 billion (Q1 2022: €10.6 billion).
Adjusted EBIT increased significantly by 78% to €1,162 million in the reporting period (Q1 2022: €651 million). In the Industrial Business (IB), adjusted EBIT of €1,110 million was 84% higher than in the same period of the previous year (Q1 2022: €604 million). At €795 million, net profit was significantly above prior-year's quarter of €275 million. At €168 million, free cash flow of the Industrial Business rose by 129% compared to the same period of the previous year (Q1 2022: €73 million). The adjusted return on sales (adjusted ROS) aggregates to 8.8% (Q1 2022: 5.9%). Earnings per share amounted to €0.90, up 189% compared to Q1 2022 (€0.31).