Daimler Truck : Solid Q1 results and guidance upgrade
>Solid Q1 results above expectations - Daimler Truck reported its Q1 results this morning, with revenue coming in at € 10.6bn, +17% y-o-y and above expectations (VA consensus € 10.0bn, ODDO BHF € 10.1bn), thanks to strong volumes (109k units, +8% y-o-y), pricing and the aftersales & used vehicles business. Adjusted EBIT came in at € 651m, +11% y-o-y and also beating expectations (consensus € 625m, ODDO BHF € 605m), implying a margin of 6.1%, -20bp y-o-y. Below the ...
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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