Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Xetra  >  Daimler AG    DAI   DE0007100000

DAIMLER AG

(DAI)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Daimler : Correction to Daimler 3Q Preliminary Earnings Article on Oct. 16

10/22/2020 | 10:36am EST

Daimler AG reported preliminary earnings before interest and taxes of 3.07 billion euros, against a EUR1.95 billion consensus forecast provided by the company. EBIT for its Mercedes-Benz Cars & Vans division came in at EUR2.12 billion, the company said, against a EUR1.32 billion consensus forecast. Daimler Trucks & Buses reported an EBIT of EUR541 million, the company said, compared with consensus expectations of EUR350 million. "Daimler Says 3Q Beat Views; Expects Strong 4Q," on Friday at 1:37 a.m. ET, incorrectly reported the consensus figures for group EBIT, Mercedes-Benz Cars & Vans division EBIT and Daimler Trucks & Buses division EBIT. The incorrect consensus figures for group EBIT and for Mercedes-Benz Cars & Vans division EBIT, also appeared in another story on Friday, "Daimler Shares Gain After 3Q Results That Support Sector". The correct version follows:

 
 
   By Cecilia Butini 
 

Daimler AG said late on Thursday that its preliminary figures for the third quarter came in above market consensus, and that it expects a strong remainder of 2020.

The German car maker reported preliminary earnings before interest and taxes of 3.07 billion euros ($3.6 billion), against a EUR1.95 billion consensus forecast provided by the company.

EBIT for its Mercedes-Benz Cars & Vans division came in at EUR2.12 billion, the company said, against a EUR1.32 billion consensus forecast.

Daimler Trucks & Buses reported an EBIT of EUR541 million, the company said, compared with consensus expectations of EUR350 million.

Daimler Mobility's EBIT clocked in at EUR590 million against an EUR381 million consensus, Daimler said.

The company said it expects to provide an updated full-year guidance together with quarterly results on October 23.

The company added that its positive expectations for the fourth quarter are under the assumption that no further lockdowns are implemented to curb the spread of the coronavirus.

Write to Cecilia Butini at cecilia.butini@wsj.com

(END) Dow Jones Newswires

10-22-20 1035ET

All news about DAIMLER AG
04:19aDAIMLER AG : Release according to Article 40, Section 1 of the WpHG [the German ..
EQ
11/26NOKIA OYJ : German court refers Nokia-Daimler connected car clash to European Co..
RE
11/26DAIMLER AG : Goldman Sachs keeps its Buy rating
MD
11/26NOKIA OYJ : German court refers dispute Nokia-Daimler licensing dispute to Europ..
RE
11/24DAIMLER AG : Geely Holding Group and its subsidiary brands to join forces on a h..
AQ
11/23DAIMLER AG : Buy rating from Morgan Stanley
MD
11/20DAIMLER AG : NorldLB sticks Neutral
MD
11/20Daimler, Geely mull China as production hub for hybrid powertrains
RE
11/20DIGITALLY ON MERCEDES ME MEDIA AND P : World Premiere of the new Mercedes-Maybac..
PU
11/19EXCLUSIVE : EU Commission to intervene in tech, carmakers' patent dispute - docu..
RE
More news
Financials
Sales 2020 153 B 183 B 183 B
Net income 2020 2 382 M 2 849 M 2 849 M
Net cash 2020 13 958 M 16 695 M 16 695 M
P/E ratio 2020 25,3x
Yield 2020 1,46%
Capitalization 60 542 M 72 384 M 72 413 M
EV / Sales 2020 0,30x
EV / Sales 2021 0,27x
Nbr of Employees 291 770
Free-Float 78,9%
Chart DAIMLER AG
Duration : Period :
Daimler AG Technical Analysis Chart | DAI | DE0007100000 | MarketScreener
Technical analysis trends DAIMLER AG
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 58,68 €
Last Close Price 56,59 €
Spread / Highest target 41,4%
Spread / Average Target 3,69%
Spread / Lowest Target -24,9%
EPS Revisions
Managers
NameTitle
Ola Källenius Chairman-Management Board
Manfred Bischoff Chairman-Supervisory Board
Markus Schäfer Chief Operating Officer
Harald Wilhelm Chief Financial Officer
Clemens A. H. Börsig Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
DAIMLER AG13.61%71 446
TOYOTA MOTOR CORPORATION-5.35%195 776
VOLKSWAGEN AG-15.68%93 505
GENERAL MOTORS COMPANY24.21%65 067
BMW AG1.35%56 900
HONDA MOTOR CO., LTD.-3.32%49 630