Daimler trucks are expected to rise in price in 2022 with little impact from Ukraine

Berlin-Daimler Trucks expects raw material prices to be high to drive price increases this year, but the impact of the events in Ukraine is limited, German truck and bus makers said Thursday. rice field.

Unlike competitors, including Traton’s MAN, it does not source wire harnesses from Ukraine, CEO Martin Daum said, and Treasury Chief Jochen Goetz said Russia and Ukraine accounted for only 1% of the company’s sales. Said that.

According to Daum, the supply of semiconductors has particularly squeezed performance in the first quarter, with the company having a large inventory of unfinished vehicles while waiting for semiconductors to arrive.

“When a supplier suddenly cuts [their offer] Almost overnight, it’s halved, which is an intolerable situation, “Daum said. “We had to fly parts by helicopter, which was unheard of in my long career on trucks.”

Asked about working with Russian truck maker Kamaz, which was frozen in late February, Daum said it has not supplied parts to Kamaz but has not yet contacted Russian authorities on the next step.

Mercedes-Benz AG, which Daimler Truck split in December, holds a 15% stake in a Russian company and two Daimler Truck executives are on board, both of which will be announced in early March. I retreated until there was.

“We have to reassess,” Daum said. “At this point, we are certainly not in talks with Russian government officials.”

Truck makers said they expect revenue to increase by at least 14% this year and profit margin to rise from 6.1% last year to 7-9%.

According to Getz, revenue in North America in 2021 was the highest at 9.2%, but was weak in the fourth quarter, partly due to the impact of two recalls in December.

($ 1 = 0.9108 euros)

By Victoria Waldersee