Daimler reports third-quarter 2019 results

  • Strong Q3 sales for Mercedes-Benz Cars (+8%) and Vans (+10%)
  • Revenue of €43.3 billion (Q3 2018: €40.2 billion)
  • Group EBIT of €2.7 billion (Q3 2018: €2.5 billion)
  • Group net profit of €1,813 million (Q3 2018: €1,761 million)
  • Industrial Net Liquidity at €9.6 billion (Q2 2019: €6.6 billion)

Stuttgart, Germany (STL.News) Daimler AG (ticker symbol: DAI) today reported results for the third quarter ended September 30, 2019.  The Group’s total unit sales rose by 6% to 839,300 passenger cars and commercial vehicles (Q3 2018: 794,700).  Revenue climbed by 8% to €43.3 billion (Q3 2018: €40.2 billion).  Also adjusted for positive exchange-rate changes, revenue was slightly higher than the prior-year level.  The Daimler Group posted third-quarter EBIT of €2.7 billion (Q3 2018: €2.5 billion), an increase of 8%.

“Strong sales at Cars and Vans supported our Q3 financial performance. However, in order to master the transformation in the next few years, we need to increase our efforts considerably: We have to significantly reduce our costs and consistently strengthen our cash flow,” said Ola Källenius, Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars.

In the third quarter, Group net profit rose by 3% to €1,813 million (Q3 2018: €1,761 million).  Net profit attributable to the shareholders of Daimler AG amounted to €1,719 million (Q3 2018: €1,689 million), leading to an increase in earnings per share to €1.61 (Q3 2018: €1.58).

NOTE: this is NOT the complete report.