Daimler sees Q4 adjusted EBIT rise on Mercedes sales gains
[STUTTGART] Daimler's fourth-quarter operating profit rose 10 per cent as new model launches and rising demand in the United States and China helped the German premium carmaker to raise sales and profit margins at its Mercedes-Benz division.
The global rollout of a new version of its top selling C-Class sedan helped Mercedes raise its operating margin, lifting overall adjusted earnings before interest and tax (EBIT) to 2.82 billion euros (US$3.20 billion) above the 2.66 billion euros forecast in a Reuters poll.
In the fourth quarter the return on sales from ongoing business at Mercedes-Benz Cars came in at 8.3 per cent, up from 7.5 per cent in the same period last year.
On a full-year basis the return on sales at Mercedes-Benz Cars was 8 up from 6.2 per cent in 2013.
Daimler said it would propose a dividend of 2.45 euros a share, the highest ever.
Earnings momentum will continue next year. Daimler said it expects significant growth in revenue, EBIT and unit sales from ongoing business.
REUTERS
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Honda sees full-year profit rising 2.8%
Porsche to open S$100 million ‘experiential centre’ in Changi by 2027
BP keen to buy Tesla supercharging sites for US expansion
SingPost H2 profit up 93.4% at S$66.9 million; proposes S$0.0056 per share final dividend
China’s Zeekr prices US IPO at top of range to raise US$441 million: source
China’s BYD will consider second Europe plant in 2025, executive says