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Unit sales rose by 9% with revenue up 15%, indicating the company had upheld its strategy of combatting rising costs by hiking prices – but incoming orders were down by 12% in the first half of the year, results showed.
Earnings per share in the quarter fell slightly to 1.11 euros compared to 1.12 euros in the prior year period, the company said.
Daimler Truck raised its guidance for annual adjusted sales returns across the group last month to a range of 8.5% to 10% from 7.5% to 9% previously, citing easing of supply chain constraints, stronger demand in its core markets and the after-sales business.
The company struggled in the first quarter with supply chain issues for semiconductors, but has maintained throughout the year that a general improvement in supply chains would lift its profits.
($1 = 0.9101 euros)
