At the Annual General Meeting, the shareholders of Daimler Truck Holding AG approved all the resolutions proposed by the management with a clear majority. The actions for the 2023 financial year of the members of the Board of Management and the members of the Supervisory Board have been approved by means of individual votes with a large majority. The share capital was represented with a presence of 75.20%.
 

The Annual General Meeting further resolved to authorize the Board of Management to acquire and use treasury shares, including using derivatives, with the approval of the Supervisory Board.
 

Looking to the future, Daimler Truck has set itself clear ambitions: To fully exploit its profit potential and lead the industry in sustainable transportation. The business figures of the 2023 financial year show that important milestones have been achieved. As of last year, Daimler Truck offers ten zero-emission truck and bus models in series production worldwide. With the Mercedes-Benz eActros 600, the first battery-electric truck for long-distance transportation, the range of models available to customers will be expanded to a total of eleven by the end of this year.

Against the background of the robust cash position and with the aim of further sustainably increasing the value of the company, a share buyback program was initiated in July last year. As part of this program, the company began buying back shares worth up to €2 billion in August 2023.

Daimler Truck achieved record results in 2023, continuing its path to improving the Group's overall profitability towards its 2025 ambition. At 526,053 units,1% more trucks and buses were sold worldwide in 2023 than in the same period last year (520,291 units). Sales of zero-emission commercial vehicles almost quadrupled (+277% to 3,443 units). The company's revenue grew by 10% in 2023 to a record €55.9 billion (2022: €50.9 billion). Adjusted EBIT increased by 39% year-on-year to a record level of €5.5 billion. The free cash flow of the Industrial Business increased by 61% to €2.8 billion in the reporting year (2022: €1.8 billion). The adjusted return on sales of the Industrial Business was 9.9% (2022: 7.7%).

In normalizing truck markets, Daimler Truck was able to successfully continue its development towards robust profitability in the first quarter despite expected lower Group unit sales.

You can find the complete press release regarding Annual General Meeting 2024 here.

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