Leinfelden-Echterdingen -  After Daimler Truck Holding AG (“Daimler Truck”) had a strong first quarter in 2023 and strong sales in the second quarter, based on stabilizing supply chains and stronger core markets, robust pricing and a strong performance of the aftersales business, the Company is increasing its adjusted ROS (return on sales) guidance for the Industrial Business to a range of 8.5% to 10% (previously 7.5% to 9%) for the financial year 2023.

With respect to the individual industrial segments, the adjusted ROS and unit sales guidance are updated as follows:

• Trucks North America: 11% to 13% (previously: 10% to 12%). Unit sales guidance remains unchanged at 190k to 210k.
• Mercedes-Benz: 8% to 10% (previously: 7% to 9%). Unit sales guidance increased to 155k to 175k (previously: 150k to 170k).
• Trucks Asia 4% to 6% (previously: 3% to 5%). Unit sales guidance increased to 160k to 180k (previously: 150k to 170k).
• Daimler Buses 3% to 5% (previously: 2% to 4%). Unit sales guidance remains unchanged at 20k to 25k.

Overall Daimler Truck unit sales guidance increased to 530k to 550k (previously: 510k to 530k).

In addition, the Group is increasing the full-year guidance for the following key figures:

• Revenue Daimler Truck Group: €56 to €58 billion (previously: €55 to €57 billion).
• Revenue of Daimler Truck Group’s Industrial Business: €54 to €56 billion (previously: €53 to €55 billion).
• Group investments and R&D costs: slight increase (previously: on prior year level).
• Free cash flow of the Industrial Business: significant increase (previously: slight increase).

Against the background of the robust cash position, the Board of Management and the Supervisory Board of Daimler Truck Holding AG have decided today to conduct a share buyback program. Beginning August 2023, own shares worth up to €2 billion (not including ancillary acquisition costs) are intended to be acquired on the stock exchange over a period of up to two years and shall subsequently be cancelled. The share buyback program will be based on the authorization by the Shareholders’ Meeting of Daimler Truck Holding AG on November 5, 2021, authorizing the Board of Management to acquire, with the approval of the Supervisory Board, own shares up to a maximum of ten percent of the share capital until October 31, 2026.

The share buyback shall be carried out in accordance with the safe harbour regulations of Art. 5 of Regulation (EU) 596/2014 in conjunction with the provisions of Commission Delegated Regulation (EU) No 2016/1052. The Company will provide regular information regarding the progress of the share buyback program at www.daimlertruck.com/en/investors/share.

The terms adjusted ROS and free cash flow of the Industrial Business are defined in the Daimler Truck Annual Report 2022 on page 36.