Daimler Truck Faces EUR 180 Million Valuation Adjustment

Daimler Truck Holding AG announced a significant negative valuation adjustment of EUR 180 million for receivables concerning its China operations. This adjustment was disclosed as a one-time, extraordinary, and non-cash item, and it does not impact the operational performance metrics such as EBIT adjusted and ROS adjusted of the company. The discussions regarding the future of Daimler Truck's China operations are ongoing.

This development follows the company's Q2 results, where assessments of the China operations were highlighted. Despite this adjustment, other key performance indicators for Q3, which remain preliminary and unaudited, do not require an immediate disclosure. The full Q3 2024 results are expected to be published on November 7th. The company's performance metrics are detailed in its Annual Report 2023.