[ad_1]
Provide chain disruptions are inflicting a manufacturing backlog on the world’s largest truckmaker, Daimler Vans.
Bloomberg | Getty Pictures
Shares of Daimler Truck hit a contemporary all-time excessive Friday, spiking greater than 13.5% in early offers, after posting file full-year revenue and saying a 2 billion euro ($2.16 billion) share buyback program.
The German truck maker posted better-than-expected pre-tax earnings of $5.5 billion euros for 2023, up 39% on the earlier 12 months’s 4.4 billion. Analysts had anticipated EBIT (earnings earlier than earnings tax) of 5.2 billion.
The corporate additionally mentioned it could conduct the buyback program over the course of the approaching 24 months and proposed a dividend of 1.9 euros per share for 2023, up from 1.3 euros a 12 months earlier.
Daimler’s Chairman Martin Daum described 2023 as a file 12 months for the corporate in a press release, however cautioned that income and earnings have been more likely to be flat in 2024 amid “troublesome financial circumstances.”
[ad_2]
Source link
