Daimler Group AG (ticker: DAI) has achieved a Group EBIT* for Q1 of 2017 that is significantly above stock market expectations in Daimler’s view.
The Daimler Group EBIT of €4.008 million for Q1 of 2017 surpassed Q1 2016 EBIT at €2.148 million.
All figures are preliminary and unaudited.
EBIT Data
| Mercedes-Benz Cars: | €2,234 million (Q1 2016: €1,395 million) |
| Daimler Trucks: | €668 million (Q1 2016: €516 million) |
| Mercedes-Benz Vans: | €357 million (Q1 2016: €301 million) |
| Daimler Buses: | €65 million (Q1 2016: €39 million) |
| Daimler Financial Services: | €524 million (Q1 2016: €432 million) |
| Reconciliation: | €160 million (Q1 2016: -€535 million) |
Return on Sales
| Mercedes-Benz Cars: | 9.8% (Q1 2016: 7.0%) |
| Daimler Trucks: | 8.4% (Q1 2016: 6.3%) |
| Mercedes-Benz Vans: | 11.9% (Q1 2016: 10.7%) |
| Daimler Buses: | 7.2% (Q1 2016: 4.7%) |
| Automotive Business: | 10.6% (Q1 2016: 5.7%) |
Impact of following earnings effects are included in the above-mentioned EBIT and RoS figures for Q1 2017:
- Positive Valuation effect about new partners/investors in HERE €183 million
- Gain from the sale of real estate at MFTBC (Mitsubishi Fuso Truck and Bus Corporation) €267 million
- Reversal of impairment of investment in BAIC Motor €240 million
*EBIT is defined as earnings before income taxes, minus interest income, plus interest expenses, plus amortization of capitalized borrowing costs.
- Return on Sales (RoS) is defined as the quotient of EBIT and revenue.
The full quarterly results will be published on April 26, 2017.
