/ Industry, Mercedes-Benz, News / Daimler’s AG Quarterly Earnings up 20pct

Daimler’s AG Quarterly Earnings up 20pct

Linked In Share
Daimler’s AG Quarterly Earnings up 20pct

Daimler AG (DAI), the maker of Mercedes Benz premium vehicles on Friday said that its net profit rose 20 percent to EUR 1.42 billion ($1.88 billion) in the first quarter as the company delivered a record number of luxury cars.

“We have started the year with a strong first quarter. Despite higher investment in future growth and a challenging market environment, we succeeded in surpassing the very good prior-year results in terms of unit sales, revenue, EBIT and net profit,” stated Dr. Dieter Zetsche, Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars.

Both the sales and net profit figures beat the average analyst estimate compiled by FactSet, which foresaw profit of €1.22 billion.

Daimler reiterated it expects full-year revenue to improve compared to 2011, fueled by higher vehicle sales. Full-year Ebit is anticipated to come in on last year’s level as costs for broadening its product line-up and expanding production capacity will weigh on earnings this year.

In addition, earnings were helped by a stronger performance from the company’s financial services division and from accounting for its share in aerospace firm EADS.

by Mircea Serafim (my Google+) - Friday, April 27th, 2012 - filed under Industry, Mercedes-Benz, News. Image credit: Thomas Niedermueller/Getty Images Europe.
Linked In Share
Related Articles
daimler profit daimler q1 first quarter mercedes benz profit quarterly earnings


Discuss: Daimler’s AG Quarterly Earnings up 20pct

Leave a Reply


















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

Audi A1 and A3 to get 3-cylinder engines
Audi A1 and A3 to get 3-cylinder enginesThe Audi A1 and its larger brother, the A3, will be equipped with three-cylinder engines, as the company has recently ...
Mercedes-Benz SLS AMG gets crashed in Colombia
Mercedes-Benz SLS AMG gets crashed in ColombiaHigh speed has “injured” this impressive Mercedes-Benz SLS AMG as the supercar was being driven in Colombia’s capital, ...
VW faces mounting opposition on Scania bid
VW faces mounting opposition on Scania bidVolkswagen AG, Europe’s largest carmaker and the second global automaker, is facing a serious challenge to its bid to acquire ...
Next-gen Audi Q7 to debut in Paris
Next-gen Audi Q7 to debut in ParisThe next generation of the Audi Q7 will be making its public debut at the 2014 Paris Motor Show, this October. Audi is already ...
Volkswagen NMC Concept to rival the Mercedes CLA
Volkswagen NMC Concept to rival the Mercedes CLAVolkswagen is planning to put the NMC Concept into production as the model in question will be rivaling models such as the ...
Germany: prosecutors say F1’s Ecclestone was blackmailed
Germany: prosecutors say F1’s Ecclestone was blackmailedAccording to German prosecutors, who made a startling revelation, Formula One’s chief executive Bernie Ecclestone was allegedly ...
Rented Ferrari 458 Italia gets crashed in London
Rented Ferrari 458 Italia gets crashed in LondonA rented Ferrari 458 Italia has managed to hit a lot of “things” before stopping but happily both occupants walked ...
2015 Toyota Aygo gets new 1.0L engine
2015 Toyota Aygo gets new 1.0L engineToyota has recently announced a brand new 1.0 liter three-cylinder engine for the recently unveiled second Aygo generation. The ...
Owners attack GM’s bid to hide from recall litigations
Owners attack GM’s bid to hide from recall litigationsGeneral Motors requested in a New York bankruptcy court protection from litigations on the ignition switch recall because of its ...
Ferrari F430 crashed by cycling star Tom Boonen
Ferrari F430 crashed by cycling star Tom BoonenCycling star Tom Boonen has recently managed to crash his Ferrari F430 after the tire of the Italian supercar has ...
[VIDEO] Lykan Hypersport seen on the street
[VIDEO] Lykan Hypersport seen on the streetThe brand new very expensive and very rare Lykan Hypersport has been recently spotted on the street, where it had to show off ...
China: premium automakers seek young buyers acceptance
China: premium automakers seek young buyers acceptanceAs competition in the luxury segment in the world’s largest automotive market continues to grow, premium automakers seek to ...
Mercedes-Benz C-Class to get new C450 AMG Sport version
Mercedes-Benz C-Class to get new C450 AMG Sport versionThe new generation of the Mercedes-Benz C-Class will soon receive another version, the C450 AMG Sport, which will fill the gap ...
Chrysler and Fiat’s IT infrastructures to be integrated by IBM
Chrysler and Fiat’s IT infrastructures to be integrated by IBMAs Fiat SpA, Chrysler Group LLC and CNH Industrial NV are preparing for the final merger into Fiat Chrysler Automobiles, one very ...
See a Ferrari FF carrying timber in Virginia
See a Ferrari FF carrying timber in VirginiaA Ferrari FF has been recently spotted while it was helping out its owner by carrying some timber in its trunk, in Virginia, ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

mercedes-benz-sls amg crash colombia bogota 2
ferrari-f430-crash spa francorchamps tom boonen 1
Mercedes-Benz Concept Coupe SUV 1
lexus nx spotted parking lot 1
ford fiesta st3 1
lamborghini gallardo full color gradient rainbow color malaysia 1
2012-ferrari-458-italia-crash spa francorchamps 2
bmw m2 render 1
Jeep-Wrangler-Polar-Edition 1
lexus nx three-door 1
Maserati MC12 Corsa by Edo Competition 1
2015 toyota gt 86 1

More automotive from inautonews
The Audi A1 and its larger brother, the A3, will be equipped with three-cylinder engines, as the company has recently announced. Three-cylinder engines will soon be offered onto the Audi A1 and A3. The announcement has been made by the company’s CEO, Rupert Stadler, when talking with the guys ...
read more
Inautonews Editors Section
Do you have £200,000? Then you can have the trip of a (hazardous) lifetime
Do you have £200,000? Then you can have the trip of a (hazardous) lifetimeAre you tired of the ever-boring home to work commute? Well, if you’re the adventurous type and can afford the paycheck, the world's most hazardous ...
Check out the everyday cars of St. Moritz – photo gallery
Check out the everyday cars of St. Moritz – photo gallerySt. Moritz is the oldest winter holiday destination in the world – and on the same time it is probably the most expensive ski resorts in the ...
Test Drive: Renault Captur 0.9 – TCe 90 – fast review
Test Drive: Renault Captur 0.9 – TCe 90 – fast review After we’ve tested almost all Renault Captur models, we decided to check out the 3-cylinder engine - 898 cc 66kw (90 hp) model. Why we’ve ...

Editors Section
Inautonews Editors Section
2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video] 2009 safest cars Euro NCAP

Latest in Safety Recall roundup: Lincoln MKZThe North American based automaker Lincoln has recently announced a recall for the MKZ, because of ... Recall roundup: Volkswagen 1.8t powered vehiclesVolkswagen has announced a recall affecting models powered by the 1.8 liter turbocharged ...
Safety Section