Daimler preliminary EBIT down by 50%

Wednesday, 22. January 2020 10:01

German carmaker Daimler stated on Wednesday that its 2019 earnings before interest and tax fell to €5.6 billion from €11.1 billion it had a year earlier. The main reason for the slump was due to governmental and court proceedings related to Mercedes-Benz diesel vehicles.

As per the official announcement, the Return on Sales (RoS) of the division Mercedes-Benz Vans is going to be under the estimated minus 15% to minus 17%. The return on sales is expected to fall as well to 4% in 2019. In 2018 it was 7.8%.

Daimler AG said it will deliver key figures of the financial year 2019 as well as the fourth quarter of 2019 on February 11, 2020.

Related Links: Daimler AG
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Breaking the News / TF