Daimler Truck Holding AG (DTGHF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning everyone and welcome to the 2025 Annual Results Conference of Daimler Truck. Thank you for joining us. I'm Andy Johnson, Global Head of Communications for Daimler Truck. And before we get started, let me briefly outline what is ahead of you today. First, we will deliver our presentation of the 2025 results as well as the outlook for 2026. After that, we will move into the analyst Q&A session and finally the media Q&A session. And now I will hand over to Markus Poppe, who will guide you through the presentation and analyst Q&A. Markus. Thank you, Andy, and welcome, everyone. I'm Markus Poppe, head of investor relations. Today, we will take a closer look at how Daimler Truck performed in 2025 and how we are positioning the business for the year ahead. To start us off, it's my pleasure to welcome Karin Radström, our president and CEO, and Eva Scherer, our CFO. Karen, looking at 2025, how would you assess our overall financial performance? Well, thank you, Marcus. Also, good morning from my side. Great to be here. Well, 2025 was quite the year. The markets were shaped by geopolitical tensions, changing trade policies and a steady stream of uncertainty. But I'm really proud that through all of this, one thing remained constant, the strength and resilience of Daimler Truck. For the group, we delivered 49.4 billion euros in revenue with an adjusted EBIT of 3.8 billion euros. Our industrial business achieved 7.8% return on sales, even against the backdrop of this ongoing uncertainty and volatility. And with 1.8 billion euros of free cash flow in our industrial business, we closed the year with a very strong net industrial liquidity of 7.7 billion euros. These achievements are not accidental. They show that our strategy is already working and that we are strength...