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Daimler Sales, Revenue Climb 13% in Third Quarter
Daimler AG sold 720,000 vehicles and hiked group revenue to €37.3 billion in July-September.
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Daimler AG sold 720,000 vehicles and hiked group revenue to €37.3 billion in July-September. Both figures are 13% above year-earlier totals.
Third-quarter earnings before interest and taxes on continuing operations—which excludes gains last year from the sale of Daimler’s stake in Rolls-Royce Power Systems Holding—climbed 31% to €3.7 billion. Net profit dropped 14% to €2.4 billion.
Sales by the company’s Mercedes-Benz Cars units rose 18% to a record 508,400 vehicles. Results were buoyed by gains in western Europe, the U.S. and China. Revenue for the unit increased 11% to 20.7 billion, and third-quarter EBIT surged 38% to €20.7 billion.
Daimler Trucks posted a 2% gain to 128,500 vehicles in the third quarter. Revenue grew 14% to €9.7 billion, and EBIT jumped 35% to an any-quarter record €791 million.
The company’s Mercedes-Benz Van business boosted sales 5% to a third-quarter record 75,700 units. Revenue advanced 12% to €2.8 billion, and operating profit rose 10% to €193 million.
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