We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Name | Symbol | Market | Type |
---|---|---|---|
Mercedes Benz Group AG (PK) | USOTC:DMLRY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 14.32 | 14.00 | 14.45 | 0.00 | 01:00:00 |
By Pietro Lombardi
Daimler AG (DAI.XE) said on Wednesday that its earnings almost halved last year and it would book additional expenses of up to 1.5 billion euros related to Mercedes-Benz's diesel issue.
Group earnings before interest and taxes were EUR5.6 billion in 2019 compared with EUR11.1 billion a year earlier, the German premium car maker said. Figures are preliminary.
The results don't include expected expenses of between EUR1.1 billion and EUR1.5 billion related to Mercedes diesel issue, it said.
EBIT fell sharply at the company's Mercedes-Benz Cars business, declining to EUR3.7 billion from EUR7.2 billion a year earlier. Return on sales in the unit fell to 4.0% from 7.8%.
In the vans unit, the company had an Ebit loss of EUR2.4 billion, compared with a profit of about EUR300 million a year earlier.
The company had warned in July that the Ebit for the year would be "significantly below" the prior year level.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com
(END) Dow Jones Newswires
January 22, 2020 03:49 ET (08:49 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
1 Year Mercedes Benz (PK) Chart |
1 Month Mercedes Benz (PK) Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions