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Daimler shows strong performance in second quarter despite semiconductor shortage

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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Preliminary Q2 2021 results above market expectations despite semiconductor shortage

Preliminary Q2 2021 results above market expectations despite semiconductor shortage
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STUTTGART, Germany, July 14, 2021 /PRNewswire/ 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 & Buses EBIT benefitted from strong pricing, higher aftersales business and positive, non-recurring valuation effects of around one hundred million euros. EBIT at Daimler Mobility benefitted from low cost of credit risk, a credit provision release of €120 million and improved funding costs. ....

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Nokia Oyj: Daimler and Nokia sign patent licensing agreement

Press Release 1 June 2021 Espoo, Finland - Daimler and Nokia sign patent licensing agreement Daimler and Nokia announced today that they have signed a patent licensing agreement. Under the ....

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Daimler and Nokia sign patent licensing agreement

Press Release
1 June 2021
Espoo, Finland – Daimler and Nokia sign patent licensing agreement Daimler and Nokia announced today that they have signed a . ....

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Daimler AG: Management Board appointments for Truck CEO Daum and Chief Financial Officer Wilhelm extended

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STUTTGART, Germany, April 23, 2021 /PRNewswire/ The Supervisory Board of Daimler AG at its meeting on April 23, 2021 extended the appointments of management board members Martin Daum and Harald Wilhelm.
The appointments of Martin Daum (61), as member of the board of management for Daimler AG and Chief Executive of Daimler Truck AG, were extended until 2025.
Martin Daum has been a member of the Daimler AG management board since 2017 after serving as President and CEO of Daimler Trucks North America. Following the planned spin-off of a majority stake in Daimler Truck AG, Martin Daum plans to leave the management board of Daimler AG and to take on the role of Chief Executive Officer at stock market listed Daimler Truck company. The spin-off is subject to shareholder approval at an extraordinary general meeting of Daimler AG in autumn 2021. ....

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