Daimler Truck Says It’s Reviewing China Operations
Q3 Results to Be Posted Nov. 7
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BERLIN — German commercial vehicle manufacturer Daimler Truck has announced it is reassessing the future of its operations in China.
As discussions continue, the company recorded a one-time, non-cash valuation adjustment of 180 million euros ($195 million) for receivables in the third quarter.
The adjustment does not affect Daimler Truck’s operational performance — adjusted earnings before interest and taxes and adjusted return on sales (ROS).
The company noted that all other preliminary and unaudited third-quarter key performance indicators are not subject to ad hoc disclosure and will be released along with the full third-quarter results on Nov. 7.
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