Daimler Truck reported better-than-expected sales and earnings for the first quarter on Friday, but its cautious outlook caused its share price to fall.

Following the announcement of these results, the share price fell by almost 5% in early morning trading, and was the biggest decliner on the DAX index of the Frankfurt Stock Exchange.

This morning, the German truck manufacturer reported an increase in adjusted earnings before interest and taxes (Ebit) to 1.21 billion euros for the first three months of the year, compared with 1.16 billion euros a year earlier.

This result exceeded analysts' expectations, as did sales, which rose slightly to 13.3 billion euros from 13.2 billion in the same period of 2023, despite a 13% drop in volume sales, which fell by 108. 911 units.911 units.

In its press release, Daimler says it is on track to achieve its annual targets, which it has confirmed, but also explains that it is preparing to face "increasingly headwinds" on the European market.

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