This report does not constitute a rating action. MILAN (S&P Global Ratings) June 27, 2022--S&P Global Ratings said today that Daimler Truck AG (BBB+/Stable/A-2) is set to deliver on its 2022 guidance, with operating and credit metrics comfortably within the range for the current rating. Under our updated base case, we anticipate that Daimler Truck?s industrial business will post S&P Global Ratings-adjusted EBITDA of 8%-9% in 2022. This is stronger than last year?s adjusted EBITDA of about 7% and slightly below our previous forecast of around 10% for 2022. We acknowledge the headwinds from the chip shortages, fragile supply chains, and cost inflation. At its recent annual general meeting, Daimler Truck confirmed its long-term operating and financial targets, which would
