World Courant
Provide chain disruptions are inflicting a manufacturing backlog at Daimler Vehicles, the world’s largest truck producer.
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Shares of Daimler truck reached a brand new all-time excessive on Friday, with a spike of greater than 13.5% in early offers, after posting a report annual revenue and saying a 2 billion euro ($2.16 billion) share buyback program.
The German truck producer Posted higher than anticipated pre-tax income of 5.5 billion euros for 2023, up 39% from the earlier 12 months’s 4.4 billion. Analysts had anticipated an EBIT (revenue earlier than tax) of 5.2 billion.
The corporate additionally mentioned it will implement the buyback program over the following 24 months and proposed a dividend of 1.9 euros per share for 2023, in comparison with 1.3 euros a 12 months earlier.
Shares of the inventory fell barely and rose 12.4% at 10:15 a.m. London time.
Daimler Chairman Martin Daum described 2023 as a report 12 months for the corporate in an announcement, however warned that gross sales and income had been prone to stay flat in 2024 underneath “tough financial circumstances.”
Mercedes and Common Motors are amongst quite a lot of different automakers which have introduced inventory buybacks and elevated dividends in current months to return money to buyers.
Daimler Truck Outcomes This autumn 2023
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