Daimler Group Q1 EBIT Significantly Better Than Expectations

AutoInformed.comDaimler 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 is an auto industry veteran with global experience in print and electronic media. He has auto testing, marketing, public relations and communications expertise garnered while working in Asia, Europe and the U.S.
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