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Tag Archives: Daimler Q2 results
Daimler Reports Ugly Q2 2020 Results as Sales Drop -34%
The Group’s total sales decreased by -34% to 541,800 passenger cars and commercial vehicles (Q2 2019: 821,700). Revenue slipped significantly by -29% to €30.2 billion (Q2 2019: €42.7 billion). EBIT was minus -€1,682 million (Q2 2019: minus -€1,558 million). Adjusted EBIT, reflecting the underlying business, was minus -€708 million (Q2 2019: plus €2,447 million). Continue reading
Posted in economy, financial results, results
Tagged auto industry commentary, autoinformed, autoinformed.com, COVID-19, Daimler Q2 results, Ken Zino
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Daimler Q2 Results – Group Net Profit of €3,704 million
However, Daimler assumes that the current worldwide supply shortage of semiconductor components will affect Mercedes-Benz Cars unit sales also in the third quarter. Mercedes-Benz Cars unit sales “could be in the magnitude of the second quarter or below.” Full year unit sales are expected to be at prior year level (previously: significantly above). Continue reading →