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2025-08-01 16:32:46
Truck Giant's Profits Slammed: Performance Cut in Half, a Double Hack from North America and Tariffs? (1) Germany's Daimler Trucks lowered its full-year outlook, citing weakness in the North American heavy-duty truck market and ongoing uncertainty related to tariffs. (2) The company's share price fell 5% in European trading, but remains up 11% year-to-date. (3) Daimler Trucks lowered its full-year adjusted operating profit forecast to between €3.6 billion and €4.1 billion. (4) This is significantly lower than last year's €4.67 billion. (5) Despite a second-quarter net profit of €277 million, revenue fell from €12.425 billion to €11.67 billion. (6) Bernstein analysts say the magnitude of the downward revision indicates weakening pricing, which may disappoint some investors. (7) The analyst also noted that Daimler Trucks' outlook may remain risky given a US investigation. (8) Daimler Trucks emphasized that its outlook could be revised again if the tariff situation or economic conditions change. (9) This series of actions reveals the profound impact of macroeconomic uncertainty on the real economy.
