Daimler AG (stock-exchange abbreviation DAI) today releases its preliminary figures for the first quarter of 2010. Group revenues amount to 21.2 billion €, while Group Earnings before Interest and Taxes (EBIT) including special reporting items amount to 1.2 (2009: -1.4) billion €.
The EBIT in the first quarter was supported by very solid results at Mercedes-Benz Cars in consequence of strong sales, model mix and pricing as well as a favourable overall cost position during the first quarter.
The divisions’ preliminary EBITs are:
- Mercedes-Benz Cars 806 million €
- Daimler Trucks 130 million €
- Mercedes-Benz Vans 64 million €
- Daimler Buses 41 million €
- Daimler Financial Services 119 million €
Negative special reporting items are included in the division results in Daimler Trucks and Daimler Financial Services. The gain from the sale of the stake in Tata and the negative impact from EADS are at similar levels.
The divisions’ revenues are:
- Mercedes-Benz Cars 11.6 billion €
- Daimler Trucks 4.9 billion €
- Mercedes-Benz Vans 1.7 billion €
- Daimler Buses 1.0 billion €
- Daimler Financial Services 3.1 billion €
EBIT Outlook 2010
Mercedes-Benz Cars expects an EBIT of 2,5 to 3 billion € from ongoing business. Daimler Trucks anticipates an EBIT of 500 to 700 million € from ongoing business.
These Q1 figures are preliminary and not reviewed by the auditor. Daimler will publish final numbers and the group guidance as well as further details of its quarterly financial statements on April 27, 2010.
