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Daimler Q1 2020 Net Profit Down -92% at €168m from €2149
Daimler says it responded to the “temporary drop in demand” caused by the Covid pandemic by proactively taking production stoppages in March and April. The net liquidity of the industrial business decreased to €9.3 billion at the end of first quarter, compared to €11.0 billion at year-end 2019. The decrease is particularly due to the negative free cash flow of the industrial business. Continue reading →