The stock of Daimler Trucks has been one of the losers in the DAX after the Q3 figures – the share price has dropped around 3 percent in the morning trade (as of November 7, around 11 a.m.). At first glance this may seem a bit incomprehensible, as the company was able to increase sales and earnings.

However, the disappointing order intake in the third quarter and the somewhat more pessimistic outlook for 2024 have triggered alarm bells among many investors. After the weak stock performance of the Daimler Truck share in the past weeks (minus around 15 percent since mid-September), the share price is now approaching the yearly low. The all-time high of almost 35 euros is currently again far away.

Daimler Trucks with mixed Q3 figures On the one hand, the commercial vehicle manufacturer Daimler Trucks achieved sales of 13.86 billion euros in the third quarter, around 3 percent more, and the adjusted operating result before interest and taxes increased by around 5 percent compared to the previous year at 1.34 billion euros. At the same time, however, the DAX company sold 5 percent fewer vehicles (just under 129,000 in the third quarter).

In the end, earnings fell short of 990 million euros in the previous quarter with 957 million euros. Above all, one figure did not please investors – orders in Q3 were a hefty 27 percent lower than the previous year at 99,000 vehicles. After nine months of the year, Daimler Trucks has booked an order intake of around 320,000 vehicles, 17 percent less than in the previous year.

Daimler Truck share: Why the share price is under pressure in the short term The weakening order intake shows that the industry must still tighten its belt – this is probably also likely for the coming year 2024. According to CEO Martin Daum, however, this is not cause for concern, it is only developing from a „hot“ to a „good“ market.

Therefore, the Daimler Truck share is currently one of the weaker titles in the DAX, the prospects for the coming quarters have become clouded after the demand boom of the last months and years. In the medium and long term, however, investors should still keep an eye on the Daimler Truck share – the company is still making handsome profits, global demand for commercial vehicles is likely to remain high and in the coming years the fleets will switch to more emission-efficient models with electric or hydrogen drives.