Daimler Group EBIT for Q2 2013 above market expectations


daimler (select to view enlarged photo)

STUTTGART, Germany--July 12, 2013: Daimler AG (stock symbol DAI) today disclosed its preliminary figures for the second quarter of 2013. The Group generated revenues of €29.7 billion while Group EBIT including special items amounts to €5.2 billion.

The divisions' preliminary EBIT including special items are as follows:

Mercedes-Benz Cars:

€1,041 million

Daimler Trucks:

€434 million

Mercedes-Benz Vans:

€204 million

Daimler Buses:

€27 million

Daimler Financial Services:

€319 million

Negative special items in connection with ongoing restructuring programs are included in the earnings of the divisions Daimler Trucks (minus €82 million) and Daimler Buses (minus €20 million). As previously announced, there was also a special item with a positive impact on EBIT related to the sale of all EADS; this amounts to €3.2 billion.

As previously announced, the earnings situation from ongoing business improved in the second quarter.

The divisions' revenues are as follows:

Mercedes-Benz Cars:

€16.3 billion

Daimler Trucks:

€8.0 billion

Mercedes-Benz Vans:

€2.4 billion

Daimler Buses:

€0.9 billion

Daimler Financial Services:

€3.5 billion

EBIT outlook for full-year 2013

Second-quarter earnings are largely in line with our internal expectations and thus also with our current outlook for the development of EBIT in 2013. The current EBIT forecasts for the Daimler Group and its divisions therefore continue to apply unchanged. On the basis of our unchanged assumptions for the further development of our key markets and the ongoing growth initiatives and efficiency programs, we continue to assume that EBIT in the second half of the year will be higher than in the first half.

These Q2 numbers are preliminary and have not yet been reviewed by the external auditors. Daimler will publish its final results for the second quarter along with other details in Interim Report Q2 2013 on July 24, 2013.

Home | Buyers Guides By Make | New Car Buyers Guide | Used Car Super Search | Total New Car Costs | New Car and Truck Reviews
Automotive News | TACH-TV | Media Library | Discount Auto Parts

Copyright © 1996-2014 The Auto Channel. Contact Information, Credits, and Terms of Use. These following titles and media identification are Trademarks owned by The Auto Channel, LLC and have been in continuous use since 1987 : The Auto Channel, Auto Channel and TACH all have been in continuous use world wide since 1987, in Print, TV, Radio, Home Video, Newsletters, On-line, and other interactive media; all rights are reserved and infringement will be acted upon with force.

Privacy Statement | Size Does Matter | Media Kit | XML SITE MAP | Affiliates

Send your questions, comments, and suggestions to Editor-in-Chief@theautochannel.com.

Submit Company releases or Product News stories to submit@theautochannel.com.
Place copy in body of email, NO attachments please.

To report errors and other problems with this page, please use this form.

Link to this page: http://www.theautochannel.com/