Daimler Truck AG Holding Company expects an increase in sales and profits during the current year, due to the increasing demand for buses and trucks.

The German company expects that the group’s revenues will increase to 57 billion euros (60.4 billion dollars), and that the average return on sales will reach 9%, compared to 7.7% last year.

The manufacturer continues to point to difficult economic conditions, including higher energy prices and disruptions to some supply chains.

“We are on a journey to measure profitability, but there is still a way to go, especially in terms of costs, given inflationary pressures,” Chief Financial Officer Jochen Goetz said in a statement.