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Daimler Truck profits dip, revenue up

Jason Cannon July 12, 2013

Profits from Daimler’s truck division topped $566 million during the company’s second quarter, the German truck maker said Friday.

The company said second-quarter earnings were largely in line with internal expectations and also with its current outlook for the development of earnings in 2013. However, earnings fell 11 percent from a year ago.

Revenues from the truck division were $10.4 billion, up from $9.9 billion a year earlier.

“On the basis of our unchanged assumptions for the further development of our key markets and the ongoing growth initiatives and efficiency programs, we continue to assume that EBIT in the second half of the year will be higher than in the first half,” the company said through a release.

Friday’s 2Q figures are preliminary and have not yet been reviewed by the external auditors.
Daimler says it will publish its final results for the second quarter along with other details July 24.

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