Daimler Truck Q3 results show increased resilience

• Q3 2025: Industrial Business (IB) revenue of €10.6 billion (Q3 2024: €12.3 billion), adjusted Group EBIT of €716 million (Q3 2024: €1.18 billion), adjusted return on sales in the Industrial Business at 6.3% (Q3 2024: 9.3%)
• Trucks North America with expected decline in unit sales, revenue and earnings amid ongoing uncertainty; Mercedes-Benz Trucks reported increased adjusted EBIT and adjusted return on sales; Trucks Asia with a solid performance in challenging key markets; Daimler Buses maintained sustained profitability; Financial Services with increased profitability and margins
• Outlook for 2025 financial year confirmed; adjusted return on sales (IB) of 7% to 9% expected 

In the third quarter, Daimler Truck Holding AG (Daimler Truck) recorded an expected decline in revenue, earnings, and profitability on Group level. The Group’s performance was affected by continued headwinds in the North American truck market, where customers remain in a cautious wait-and-see mode amid a very weak freight market and pending regulatory clarity. The Mercedes-Benz Trucks segment reported an increase in both adjusted EBIT and adjusted return on sales (adj. ROS), supported by higher unit sales in Europe. Trucks Asia delivered a solid performance in the third quarter although market conditions in Asia remained challenging, especially in Japan and Indonesia. Daimler Buses sustained its strong trajectory of positive profitability. Financial Services increased profitability and margins.

Karin Rådström, President and CEO of Daimler Truck: “With our year-to-date results for the first nine months, we are demonstrating the increased resilience of Daimler Truck in uncertain times. We are making progress on our costs while leveraging our leading brands, products, and services: Daimler Buses is the market leader in core markets, Trucks North America is the market leader in the U.S., and Mercedes-Benz Trucks has become number one again in Europe. We’re the partner of choice for our customers – and that’s a strong position to successfully deal with the current uncertainties.”

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With Group unit sales in Q3 2025 totaling to 98,009 units (Q3 2024: 114,917), revenue in the Industrial Business was with €10.6 billion below the previous year’s third quarter (Q3 2024: €12.3 billion). Adjusted Group EBIT in the reporting period amounted to €716 million (Q3 2024: €1.18 billion), adj. ROS in the Industrial Business was 6.3% (Q3 2024: 9.3%). Free cash flow (FCF) of the IB was €24 million (Q3 2024: minus €41 million). Earnings per share (EPS) in Q3 amounted to €0.57 (Q3 2024: €0.77). Group incoming orders in Q3 2025 were at the previous year’s level with 93,923 units (Q3 2024: 94,709 units), supported by a positive momentum in Europe and a recovery in North America from very low levels in Q2. Sales of battery-electric vehicles grew by 175% to 1,833 units (Q3 2024: 666).

Eva Scherer, CFO of Daimler Truck: “Mercedes-Benz Trucks, Trucks Asia, and Daimler Buses delivered stable results in Q3. As expected, however, Group performance was impacted by challenging market conditions in North America. In today’s uncertain global environment, we continue to focus on what we can control: improving operational and organizational efficiency, strict cost management, and fully committing to deliver strong value to our customers.” 

Outlook confirmed

The full-year guidance for 2025 remains unchanged: For the current financial year, the Group is expecting unit sales of 410 to 440 thousand units and a revenue in the Industrial Business of €44 to €47 billion. Adjusted EBIT on Group level is expected to range between €3.6 billion and €4.1 billion. For the Industrial Business, Daimler Truck expects an adjusted return on sales of 7% to 9%. Free cash flow (IB) is forecasted to range between €1.5 to €2 billion.

Daimler Truck continues to operate in a dynamic global environment. The financial outlook for 2025 remains subject to macroeconomic and geopolitical developments, particularly U.S. trade policy and supply chain challenges.

Key Figures – Group and Segments

As of January 1, 2025, Daimler Truck integrated its businesses in China and India into the Mercedes-Benz Trucks segment. The adjusted prior-year comparison and the full-year guidance for 2025 are based on the new segment composition.

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