Daimler Group Posts Better-than-expected Q2 EBIT
The Daimler Group, which owns Mercedes-Benz Cars, posted Q2 2013 EBIT (Earnings Before Interest and Taxes) better than its internal forecasts, indicating solid earnings in the quarter and that things are proceeding in line with the group’s projections for its 2013 EBIT. All in all, the Group posted €29.7 billion (around $38.79 billion) in revenue, which leads to Group EBIT of €5.2 billion (around $6.79 billion). Much of that revenue is accounted for by Mercedes-Benz Cars, with €16.3 billion. Daimler Trucks comes in at €8 billion, while Mercedes-Benz Vans’ total is at €2.4 billion. Daimler Buses managed €0.9 billion, and the Daimler Financial Services division took in €3.5 billion. Take note, though, that the figures are yet… Continue Reading »