Daimler cuts full-year operating profit forecast
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FILE PHOTO: Members of the media stand beside an electric driven Actros truck at the booth of German truckmaker Daimler Truck at the IAA Transportation fair, which will open its doors to the public on September 20, 2022, in Hanover, Germany, September 19,
(Reuters) -Daimler Truck, one of the world's biggest truckmakers, cut its operating profit forecast for 2025 on Tuesday, citing heightened demand uncertainty.
The company is now forecasting adjusted earnings before interest and taxes (EBIT) growth of -5% to 5%, compared with 5% to 15% growth expected previously.
U.S. President Donald Trump's trade war has pummeled markets in recent weeks and even beforehand, a Reuters analysis showed that about 40 companies worldwide had pulled or lowered their guidance in the first two weeks of the first-quarter earnings season, including General Motors and Volvo Cars.
Daimler Truck's updated outlook for 2025 is subject to further macroeconomic and geopolitical developments, it said.
(Reporting by Amir Orusov, Gnaneshwar Rajan and Emma-Victoria Farr; Editing by Pooja Desai and Sandra Maler)
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