Author Topic: Daimler adjusts earnings expectations  (Read 2059 times)

Offline fasteddy

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Daimler adjusts earnings expectations
« on: June 25, 2019, 11:26:56 AM »

    Increase of provisions for various ongoing governmental proceedings and measures relating to Diesel vehicles by a high three digit million amount will affect Daimler's second quarter 2019 earnings and be taken into account in the Group EBIT.
    Outlook for Group EBIT in 2019 now expected to be in the magnitude of the previous year.
    Return on Sales forecast of Mercedes-Benz Vans for financial year 2019 now expected to be minus 2% to minus 4%.

Today, Daimler AG reassessed the earnings expectations for the 2019 financial year for the Mercedes-Benz Vans division and the Group.

Relevant for the reassessment is an increase in expected expenses in connection with various ongoing governmental proceedings and measures with regard to Mercedes-Benz diesel vehicles.

EBIT and Return on Sales are defined as on p. 344/345 of the Daimler Annual Report 2018.