• Continuous progress towards emission-free transport and sustained profitability
• Dividend of €1.90 per share proposed to be paid to shareholders
• Solid start into 2024 in normalizing truck markets

Leinfelden-Echterdingen – After the most successful financial year in the company's history, Daimler Truck Holding AG ("Daimler Truck") today invites its shareholders to the 2024 Annual General Meeting. As in the past two years, the Annual General Meeting will be held virtually without the physical presence of shareholders or their representatives, with the exception of proxies appointed by the company.

On the occasion of the the meeting, the shareholders will vote on the agenda items listed in the convocation of the meeting. These include the ratification of the Board of Management members’ actions and the Supervisory Board members’ actions for the 2023 financial year, the resolution on the appointment of the auditor for the annual financial statements and the auditor for the consolidated financial statements and the approval of the annual remuneration report.

Detailed information on the agenda can be found at:

Annual General Meeting 2024 | Daimler Truck

Eva Scherer attends the General Meeting of Daimler Truck for the first time as a new Member of the Board of Management. As Chief Financial Officer, she is responsible for Finance & Controlling since April 1, 2024.

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.

Joe Kaeser, Chairman of the Supervisory Board: “The Supervisory Board is convinced that Daimler Truck is pursuing the right strategy to be successful even in a volatile environment and a challenging global situation. The entire team is focused on sustainably transforming the commercial vehicle industry and unlocking the company's full profit potential.”

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.

“2023 was the best year in our company's history to date. All major key figures have moved in the same direction and that is significantly upwards. Our shareholders also participate in the company's success: today we propose paying a dividend of €1.90 per share,” says Martin Daum, Chairman of the Board of Management of Daimler Truck. “I am also pleased that it is becoming increasingly clear beyond the financial world what Daimler Truck is capable of and what potential this great company has.” 

Record results in the year 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%). At the Annual General Meeting, it will be proposed to distribute a total of €1.5 billion to shareholders from Daimler Truck Holding AG's distributable profit for the 2023 financial year: €1.90 per share (2022: €1.30).

Solid start to the new 2024 financial year

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. Group revenue amounted to €13.3 billion, on prior-year level, with sales declining by 13% to 108,911 units (Q1 2023: 125,172). In the first quarter, sales of battery-electric trucks and buses almost tripled compared to the same quarter last year to 813 vehicles (Q1 2023: 287). Adjusted EBIT grew by four percent to €1.21 billion (Q1 2023: €1.11 billion). Due to a significant reduction in trade receivables as a result to the timing of customer payments in the first quarter, free cash flow was significantly higher than the prior-year level at €1.21 billion (Q1 2023: €168 million). Daimler Truck confirmed its overall forecast for the 2024 financial year, despite increasingly noticeable headwinds in Europe.

Daimler Truck Holding AG is listed in Germany's stock market index DAX. Daimler Truck Holding AG shares are traded on the Regulated Market (Prime Standard) of the Frankfurt Stock Exchange under the stock symbol DTG. The International Securities Identification Number (ISIN) is DE000DTR0CK8, the German Securities Identification Number (WKN) DTR0CK.