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Daimler EBIT Estimated To Go As High As 4 Billion Euros

Michael C. May 3, 2010

daimler sign
Upon ending up with 1,190 million euros for the first quarter, German carmaker Daimler has revised it’s 2010 full-year EBIT estimate that totaled a whopping 4 billion euros since its last posting of 2009 financial results last February.  According to Daimler chairman, Dieter Zetsche, this is excellent outcome for the first quarter is the result of their hardwork during the crisis, which puts them back on the track of success once again.  It is said that the new estimates made by Daimler is much bigger than its total estimate last April 19.  Each of the group’s divisions, which includes Mercedes-Benz Cars are expected to put in around 2.5 – 3 billion euros.

The positive stance for Mercedes-Benz came from the E-Class model’s projected sales.  It includes the addition of the SLS AMG, the R-Class and CL-Class.  Daimler Trucks expects to gain a total revenue of at least 500 – 700 million, Mercedes-Benz Vans 250 million, Daimler Buses 180 million and Daimler Financial Services 500 million.  According to Daimler, the high earning is a result of ongoing positive trends for the first quarter of 2010, due to the rise in sales of the E-Class and S-Class segments.

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