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Daimler Truck first quarter profit jumps to €737 million

Dow Jones Newswires Last Updated: May 9, 2023 at 2:41 a.m. ET First Published: May 9, 2023 at 1:19 a.m. ET The Daimler logo is seen on the front of an e-Actros truck at the company’s annual shareholders’ meeting in Stuttgart, southern Germany, on June 22, 2022. thomas kienzle/Agence France-Presse/Getty Images Daimler Truck Holding XE:DTG
Financial Press

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Dow Jones Newswires

The Daimler logo is seen on the front of an e-Actros truck at the company’s annual shareholders’ meeting in Stuttgart, southern Germany, on June 22, 2022.

thomas kienzle/Agence France-Presse/Getty Images

Daimler Truck Holding XE:DTG said Tuesday that net profit soared in the first quarter of the year due to improved global supply chains and strong demand.

The German maker of commercial vehicles net profit jumped to 737 million euros ($811.1 million) in the quarter from EUR257 million a year earlier.

Revenue rose to EUR13.20 billion from EUR10.55…

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