Daimler stocks surge 5% after preliminary earnings

Friday, 17. July 2020 14:46

Daimler AG stock surged on Friday by more than 5% after the company announced better than expected preliminary results for the second quarter of 2020.

Preliminary and unaudited figures showed that the industrial free cash flow stood at €685 million while net industrial liquidity was €9.5 billion. The carmaker also noted that Mercedes-Benz sales in China reached a record high in the second quarter as the country exited COVID-19 lockdowns.

At 2:42 pm CET the stock price came to 5.16% rise selling for €39.62.

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Breaking the News / TF