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EBIT

Latest Mercedes-Benz News

Daimler Posts Q2 Earnings

Daimler AG has posted its official report of earnings for the second quarter of 2013, and the outlook is good for the German company that owns Mercedes-Benz. Highlights include a net profit of €4.583 billion, which translates to around $6.05 billion, from total revenue of €29.7 billion (around $39.2 billion). Overall, the figures compare favorably to the figures for the same period last year. Net profit was only at €1.57 billion in Q2 2012, while revenue is up from €28.9 billion. Group EBIT is up from €2.268 billion in Q2 2012 to €5.242 billion for this year’s second quarter. In addition, the numbers confirm the outlook from initial EBIT reports; that is, the Daimler group should… Continue Reading »

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Daimler increases EBIT target, again

Ever since the company recovered from what was the automotive industry’s greatest blow, German premium car giant Daimler has been on a roll. And it shows, through the company’s decision to once again increase their EBIT target this year. The first time back in July, they increased their EBIT up to 6 billion euro. Now, Daimler bumped it up to 7 billion euro, or roughly 9.72 billion dollars in the U.S. Company officials are betting on market conditions to keep being favorable as they were back when the year started. Right now, the company has earned 5.3 billion euro so far, netting them a third quarter profit of 1.6 billion… Continue Reading »

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