Daimler's Industrial Free Cash Flow in the 3rd Quarter 2014 is Significantly Higher than Last Year
 |
STUTTGART, GERMANY -- Oct. 14, 2014:
- Free cash flow of industrial business in third quarter excluding effects of acquisitions and disposals of approximately €2.9 billion (Q3 2013: approx. €1.6 billion)
- Free cash flow of industrial business in third quarter of approximately €5.4 billion (Q3 2013: approx. €1.6 billion)
- Mercedes-Benz Cars posts third-quarter EBIT from ongoing business of approximately €1.6 billion (Q3 2013: approx. €1.3 billion)
- Daimler Trucks posts third-quarter EBIT from ongoing business of approximately €0.6 billion (Q3 2013: approx. €0.5 billion)
- Daimler reviews guidance for free cash flow of industrial business for full-year 2014
- Unchanged outlook for EBIT from ongoing business of individual divisions for full-year 2014
Daimler AG (stock-exchange symbol DAI) achieved a
free cash flow in its industrial business of approximately €5.4
billion in the third quarter of 2014 (Q3 2013: approximately €1.6
billion). Excluding the effects of acquisitions and disposals, the free
cash flow of the industrial business amounted to approximately €2.9
billion in the third quarter
(Q3 2013: approximately €1.6
billon).
The divisions posted the following earnings before interest and taxes (EBIT) from the ongoing business in the third quarter:
- Mercedes-Bens Cars €1,614 million (Q3 2013: €1,251 million)
- Daimler Trucks €618 million (Q3 2013: €530 million)
- Mercedes-Benz Vans €176 million (Q3 2013: €152 million)
- Daimler Buses €64 million (Q3 2013: €61 million)
- Daimler Financial Services €355 million (Q3 2013: €322 million)
Daimler is reviewing its guidance for the free cash flow of its industrial business excluding the effects of acquisitions and disposals for full-year 2014. Hitherto, Daimler had assumed that the free cash flow of the industrial business adjusted for the effects of acquisitions and disposals would probably be significantly lower in 2014 than in the previous year.
The individual divisions continue to aim for the following EBIT from the ongoing business in full-year 2014:
- Mercedes-Benz Cars: significantly above the prior-year level,
- Daimler Trucks: significantly above the prior-year level,
- Mercedes-Benz Vans: at the prior-year level,
- Daimler Buses: significantly above the prior-year level, and
- Daimler Financial Services: slightly above the prior-year level.
Daimler will
publish further details of its business development in the third quarter of
2014 on October 23, 2014.
