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 Mauro Orru
Daimler AG said Wednesday that it expects to report an adjusted loss before interest and taxes as well as negative free cash flow in the industrial business in the second quarter due to the effects of the coronavirus pandemic.
The German premium car maker said revenue would decrease "significantly," as it forecast in the first quarter.
However, Daimler said revenue trends in recent weeks bode well for "cautious optimism," as production adjustments and measures to limit costs and expenses had a positive effect on cash flow and liquidity.
Order intake in recent weeks also showed positive signs in nearly all key markets, with contract volume at Daimler Mobility ending up 2% lower at about 155 billion euros ($174.75 billion) at the end of June compared with June 2019.
Daimler added that the situation in China is improving, as negative effects of the first quarter were offset in the second quarter.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
July 08, 2020 04:34 ET (08:34 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