Daimler Truck's Q3 Profit Marginally Exceeds Expectations Amid European Challenges

Despite strong performance in North America, Daimler Truck faces declining sales and profitability in Europe and Asia.

Daimler Truck reported a third-quarter core profit of 1.19 billion euros, slightly above analysts' expectations of 1.14 billion euros.
The company's North American segment saw a 2% increase in core profit, reaching 725 million euros, while the Europe-focused Mercedes-Benz business experienced a 46% decline.
Overall unit sales dropped by approximately 10%, with future sales indicators showing a 4% decrease in orders to 94,709 units.
Daimler Truck confirmed its annual outlook, maintaining its forecasted sales and revenue targets despite market challenges.
Due to decreased demand in Europe and Asia, the company implemented reduced working hours at its largest truck plant in Germany earlier this year.