kscarbel2 Posted April 13, 2017 Share Posted April 13, 2017 Transport Topics / April 12, 2017 Global truck- and carmaker Daimler AG said its first-quarter earnings will be significantly better than during the same three-month period in 2016. The Stuttgart, Germany-based manufacturer said all five of its major divisions earned more operating income for the quarter, year-over-year, and also improved their profit margins. The April 11 statement from Daimler was an unaudited earnings preview ahead of the formal first-quarter presentation April 26. For the corporation as a whole, operating income is expected to be 4.01 billion euros, an 86.6% surge over the 2.15 billion euros in the 2016 first quarter. Among the five divisions, Daimler Trucks is expected to increase quarterly operating profit by 29.5%, year-over-year, to 668 million euros. Operating margin is estimated to increase to 8.4% from 6.3%. Truck making is Daimler’s second-largest unit. Mercedes-Benz cars, the largest division, is headed for a 60.1% increase in operating income to 2.33 billion euros, the company said. Operating margin appears to be improving to 9.8% from 7% a year ago. The company’s other divisions are Mercedes-Benz Vans, Daimler Buses and financial services. Quote Link to comment Share on other sites More sharing options...
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.