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.
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn.
He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe.
Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap.
AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks.
Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.
