Mixed bag for Mercedes global truck sales

GERMANY / TRUCKS
Mixed bag for Mercedes global truck sales
Mercedes sees 45% jump in truck profits to €796m in first half

Published: Thu, 07 Aug 2014 11:35:18 GMT
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Mercedes’ truck business, despite mixed conditions in the company’s major markets, performed well during this year’s first half.

Its first half pre-tax profits rose 45 per cent to €796m, lifting its pre-tax margin to 5.3 per cent from the notably slimmer 3.7 per cent posted during last year’s first half.

But that masks a substantial deterioration during an altogether different second quarter.

5.3%
Mercedes trucks first half pre-tax margin

The difference between the company’s main regions was striking.

“In Western Europe, [2nd quarter] sales of 13,200 units were 7% lower than in the second quarter of last year, primarily due to purchases being brought forward because of the introduction of Euro 6 emission limits at the end of 2013”, Mercedes said.

By contrast, second quarter demand for its trucks in the NAFTA region rose by a contrasting 18 per cent to 41,100 units, the company said.

Moreover, the company also said that Latin America’s poor economic performance has pulled down Mercedes’ second quarter truck sales in that region...more

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5.3% Mercedes trucks first half pre-tax margin

5.3%
Mercedes trucks first half pre-tax margin