🚛 Daimler Truck: challenges and opportunities in times of economic uncertainty!

Daimler Truck $DTG.DE is one of the world's leading commercial vehicle manufacturers and pioneers in sustainable transport. With a portfolio that includes trucks, buses and mobility services, the company focuses on innovation, safety and eco-friendly solutions. Their brands include well-known names such as Mercedes-Benz Trucks, Freightliner and Thomas Built Buses, a well-known manufacturer of yellow school buses in the US. 💼

Current market challenges
Daimler Truck, which has twice the market share in Germany compared to the EU average, is facing difficult market conditions at home. CFO Eva Scherer warns that political instability in Germany is only adding uncertainty to an already complicated situation . "We would always like to have clarity and stability,"Scherer stresses . However, the economic recovery for which the company has been waiting for a long time has not yet manifested itself. Germany is currently discussing possible snap parliamentary elections as the ruling coalition there has broken up and disagreed on how to proceed with the economic recovery.📉

North American growth and results
North American market posted earnings growth of 2 % to €725 million. By contrast, the European arm of the company, focused on the Mercedes-Benz brand , reported 47% a 47% decline in underlying profit. However, overall third-quarter results exceeded analysts' expectations, with Daimler Truck posting an underlying profit of €1.19 billion, above the€1.14 billion forecast . This gives investors confidence and is reflected in today's share rise of more than 3 %. 📈

Flexibility and strategy for the future
Onglobal risks, such as possible tariff barriers in the US, where tariffs on products from Mexico are being considered , Scherer stresses that Daimler Truck has sufficient flexibility in production . "We are able to produce all truck and bus models in the US and Mexico,". This approach gives the company flexibility and reduces dependence on one market or a particular country.

The company thus confirms its outlook for the year 2024although it also takes into account the decline in demand in Europe a Asia and plans to adjust working hours in Germany. Daimler Truck is showing that even in difficult times it can adapt its strategies and find new ways forward.

The company, which was formerly part of the Daimler AG group together with Mercedes-Benz, is now paying an interesting dividend of around 5 %.

The bus and truck market might not be as bad as the car market, in my opinion.

Anyone following this company? What do you think of Daimler Truck? 🌍🚀