FRANKFURT (Reuters) -Daimler Truck, one of the world’s biggest truckmakers, on Thursday slashed a key profit forecast for 2025 due to “continuous market weakness in North America”, the latest warning from industry as U.S. President Donald Trump imposes tariffs on imports.
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.
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%.
“After a strong first half in North America, recent months have shown a clear slowdown in order levels, reflecting ongoing market uncertainty. In response, we have adjusted our capacity and lowered our market guidance and volume outlook,” said Chief Financial Officer Eva Scherer.
($1 = 0.8755 euros)
(Reporting by Tom Sims; Editing by Hugh Lawson, Kirsten Donovan)
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