Daimler Truck slashes key profit forecast on North America weakness

Daimler Truck Lowers 2025 Profit Outlook Amid North American Weakness

Daimler Truck's Profit Forecast Adjustment

FRANKFURT (Reuters) -Daimler Truck on Thursday slashed a key profit forecast for 2025 due to "continuous market weakness in North America".

Impact of North American Market

The German company now expects adjusted earnings before interest and taxes (EBIT) in a range of 3.6 billion euros to 4.1 billion euros ($4.1 billion to $4.7 billion), compared with 4.7 billion euros reported for 2024.

Revised Earnings Expectations

That would mark a drop of as much as 23%. The company previously forecast that adjusted EBIT for 2025 would be just 5% lower, and could even rise 5%.

Comparison to Previous Forecast

($1 = 0.8755 euros)

(Reporting by Tom Sims; Editing by Hugh Lawson)