December 10th 2021 was the first day of trading on the Frankfurt Stock Exchange as it marks the start of a new era for Daimler Truck. Following the spin-off from Daimler AG, the first day of listing symbolizes Daimler Truck’s embarkment into unrestricted entrepreneurial independence. This is probably the most important milestone in the company’s history. In future, investors will have the opportunity to invest directly in the shares of one of the world’s largest commercial vehicle manufacturers. Daimler Truck considers itself well positioned for the new era of independence. In preparation for the Spin-Off, the company has specified its financial ambitions to increase the performance and profitability of the segments. Daimler Truck is consistently and continuously focusing on improving profitability in order to lead the industry on the road to CO2-neutral transport. Based on its proven cash generation and strong balance sheet, Daimler Truck has received solid investment grade credit ratings. Daimler Truck expects its shares to be listed in the Prime Standard of the Frankfurt Stock Exchange in the DAX index, which has been expanded to 40 members, at the next possible date – probably in the first quarter of 2022.
“Today is a historic day for Daimler Truck: For 125 years, our truck and bus business was part of the Daimler Group – now we are becoming an independent, listed company. Making this possible organizationally was a tour de force. My thanks therefore go to our entire team for their unparalleled commitment over the past weeks and months. So in this respect, today is a finish line for us. We have worked hard to get there. However, this 10th of December 2021 is above all the exact opposite, namely a starting line for Daimler Truck. Now we are looking ahead with courage and confidence and are able to look forward to use the creative opportunities as an independent company with our great global team – for even more entrepreneurial success in the future. Everyone should benefit from this – our workforce, our customers and, of course, our shareholders,” said Martin Daum, Chairman of the Board of Management of Daimler Truck Holding AG in the stock exchange hall in Frankfurt.
Leading the industry in sustainable transport development
As a listed company, Daimler Truck intends to lead the way to zero-emission transportation even more focused and agile in the future. The development of battery and fuel-cell vehicles is to be accelerated – under its own steam and with strategically sensible partnerships. For example, battery and fuel cell vehicles are to account for up to 60% of Daimler Truck sales by 2030. From 2039, the company wants to offer only vehicles in the Triad that are CO2-neutral in driving operation. For Daimler Truck, both technologies are compatible and necessary. Purely battery-powered trucks are used in light and heavy distribution transport, for example when it comes to delivering goods in cities. The hydrogen-based fuel cell drive will be indispensable in the CO2-neutral long-distance truck transport of the future.
Daimler Truck shares are traded on the Regulated Market (Prime Standard) of the Frankfurt Stock Exchange under the stock symbol DTG. The International Securities Identification Number (ISIN) is DE000DTR0CK8, the German Securities Identification Number (WKN) DTR0CK.
Michael Dietz, CEO and President Daimler Trucks & Buses Southern Africa comments on this historic day: “As DTBSA we stand here with our hearts filled with absolute pride and are extremely honored to share in the excitement of this momentous day with Daimler Truck AG and the rest of our counterparts across the globe. We are truly proud to be a part of the world’s largest truck and bus manufacturer and technology leader. As we embark into this remarkable journey as an independent global entity, we certainly look forward to an even more entrepreneurial success to unlock the full potential of the company. We are incredibly pleased to welcome the start of a new era.”