Daimler shows strong performance in second quarter despite semiconductor shortage
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Unit sales increased by 36% to 736,400 passenger cars and commercial vehicles
Revenue of €43.5 billion (Q2 2020: €30.2 billion)
EBIT of €5,185 million (Q2 2020: minus €1,682 million)
Industrial free cash flow of €2,586 million (Q2 2020: €685 million)
Net industrial liquidity of €20.9 billion (end of Q1 2021: €20.1 billion)
Group net profit of €3,704 million (Q2 2020: net loss of €1,906 million)
Outlook 2021: Revenue and EBIT significantly above prior year s level
Industrial free cash flow expected slightly below prior year s level
Daimler AG (ticker symbol: DAI) today reported its results for the second quarter, which ended June 30, 2021. The Group s total unit
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Daimler Says Q2 Group EBIT Significantly Above Market View
BERLIN (dpa-AFX) - Daimler Group EBIT, Mercedes-Benz Cars & Vans adjusted EBIT, Daimler Trucks & Buses Return on Sales adjusted, Daimler Trucks & Buses adjusted EBIT, Daimler Mobility adjusted EBIT and Daimler s Industrial Free Cash Flow for the second quarter of 2021 were all significantly above market expectations, German automaker Daimler AG (DDAIF.PK) said in a statement.
Daimler s preliminary group EBIT for the second-quarter was 5.19 billion euros compared to the consensus of 4.12 billion euros. Quarterly adjusted EBIT was 5.42 billion euros compared to consensus of 4.29 billion euros.
Mercedes-Benz Cars & Vans quarterly adjusted EBIT was 3.60 billion euros compared to consensus of 3.07 billion euros.
DGAP-Ad-hoc: Daimler AG / Key word(s): Preliminary Results
Daimler AG: Preliminary second quarter 2021 results above market expectations despite semiconductor shortage
15-Jul-2021 / 00:16 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Preliminary second quarter 2021 results above market expectations despite semiconductor shortage
Stuttgart, Germany - Mercedes-Benz Cars & Vans achieved strong results in the second quarter thanks to convincing products, favorable product mix, pricing and ongoing cost discipline. This was despite negative effects from the very limited availability of semiconductor components. Daimler Trucks & Buses sales increased in almost all regions due to improved market conditions, which translated into higher profitability in the second quarter. In addition, the Daimler Trucks & B