Daimler Truck slashes key profit forecast on North America weakness

FRANKFURT (Reuters) -Daimler Truck on Thursday slashed a key profit forecast for 2025 due to "continuous market weakness in North America".

The German company now expects adjusted earnings before interest and taxes (EBIT) in a range of 3.6 billion euros to 4.1 billion euros ($4.1 billion to $4.7 billion), compared with 4.7 billion euros reported for 2024.

That would mark a drop of as much as 23%. The company previously forecast that adjusted EBIT for 2025 would be just 5% lower, and could even rise 5%.

($1 = 0.8755 euros)

(Reporting by Tom Sims; Editing by Hugh Lawson)