April 23, 2024

Daimler Truck (DTG) Forecasts Flat Earnings as Economy Slows

Daimler Truck Holding AG jumped the most on record after raising its dividend and projecting sales growth to take off in the second half of the decade.

The German truckmaker is forecasting revenue to increase as much as 60% during the final five years of the decade. The company raised its dividend to €1.90 a share after adjusted earnings came in better than expected last year on strong prices for its products.

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