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Daimler Triples Its Cash Flow
Daimler AG says the free cash flow of its industrial business jumped to €5.4 billion in the third quarter from €1.6 billion in the same period of 2013.
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Daimler AG says the free cash flow of its industrial business jumped to €5.4 billion in the third quarter from €1.6 billion in the same period of 2013.
The company notes that it previously expected cash flow for the period to shrink.
Daimler also reports a sharp upswing in quarterly earnings before interest and taxes for July-September for Mercedes-Benz Cars (+29% to €1.6 billion), Daimler Trucks (+17% to €618 million) and Mercedes-Benz Vans (+16% to €176 million).
The company will report more third-quarter financial results late next week.
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