Menu
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

DGAP-Adhoc: Daimler AG: Preliminary results for the financial year 2019 including anticipated additional expenses below earnings expectations

DGAP-Adhoc: Daimler AG: Preliminary results for the financial year 2019 including anticipated additional expenses below earnings expectations

DGAP-Ad-hoc: Daimler AG / Key word(s): Preliminary Results
Daimler AG: Preliminary results for the financial year 2019 including anticipated additional expenses below earnings expectations

22-Jan-2020 / 09:05 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Ad-hoc announcement

Preliminary results for the financial year 2019 including anticipated additional expenses below earnings expectations

Stuttgart, Germany - In the financial year 2019, Daimler AG has achieved a preliminary Group EBIT of EUR 5.6 billion (financial year 2018: EUR 11.1 billion). Not included therein are anticipated additional expenses for ongoing governmental and court proceedings and measures relating to Mercedes-Benz diesel vehicles in various regions and markets. Upon preliminary assessment, these amount to EUR 1.1 to 1.5 billion and will essentially have a negative impact at Mercedes-Benz Cars and Mercedes-Benz Vans. As a result, the Return on Sales (RoS) of the division Mercedes-Benz Vans will be below the current forecast of minus 15 to minus 17%.

EBIT and the Return on Sales/Return on Equity (RoS/RoE) of the divisions without these anticipated additional expenses amount to:

- Mercedes-Benz Cars EBIT: EUR 3.7 (2018: 7.2) billion, RoS: 4.0 (2018: 7.8) %

- Daimler Trucks EBIT: EUR 2.5 (2018: 2.8) billion, RoS: 6.1 (2018: 7.2) %

- Mercedes-Benz Vans EBIT: minus EUR 2.4 (2018: EUR 0.3) billion, RoS: minus 15.9 (2018: 2.3) %

- Daimler Buses EBIT: EUR 0.3 (2018: 0.3) billion, RoS: 6.0 (2018: 5.9) %

- Daimler Mobility EBIT: EUR 2.1 (2018: 1.4) billion, RoE: 15.3 (2018: 11.1) %

- Reconciliation EBIT: minus EUR 0.6 (2018: minus 0.8) billion

All stated figures are preliminary and unaudited.

The following effects from the fourth quarter 2019 are contained in the above-mentioned earnings figures:

- One-off expenses in the division Mercedes-Benz Vans for the review and prioritization of the product portfolio in the amount of around EUR 0.3 billion,

- One-off expenses in the amount of around EUR 0.3 billion in the division Daimler Mobility in the course of the realignment of the YOUR NOW Group to profitable growth.

Daimler AG will publish further key figures of the financial year 2019 as well as the fourth quarter 2019 on February 11, 2020.

EBIT and Return on Sales/Return on Equity are defined on pp. 344 and 345 of the Daimler Annual Report 2018.
 

Contact:

Jörg Howe, + 49 711 17-41341, joerg.howe@daimler.com

Hendrik Sackmann, +49 711 17-35014, hendrik.sackmann@daimler.com

Matthias Krust, +49 160 865 3505, matthias.krust@daimler.com




Contact:
Hendrik Sackmann
Tel.: +49 (0)711 17 35014
hendrik.sackmann@daimler.com

22-Jan-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: Daimler AG
Mercedesstrasse 120
70372 Stuttgart
Germany
Phone: +49 (0)711 17-0
Fax: +49 (0)711 179 40 75
E-mail: ir.dai@daimler.com
Internet: www.daimler.com
ISIN: DE0007100000
WKN: 710000
Indices: DAX, EURO STOXX 50
Listed: Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Tradegate Exchange
EQS News ID: 958397

 
End of Announcement DGAP News Service

958397  22-Jan-2020 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=958397&application_name=news&site_id=sharewise

Daimler AG Stock

€44.40
1.280%
There is an upward development for Daimler AG compared to yesterday, with an increase of €0.56 (1.280%).
Currently there is a rather positive sentiment for Daimler AG with 29 Buy predictions and 15 Sell predictions.
As a result the target price of €50.00 shows a slightly positive potential of 12.613% compared to the current price of €44.40 for Daimler AG.
Like: 0
Share

EQS Group is a leading international provider of regulatory technology in the fields of corporate compliance and investor relations. In working with EQS Group, thousands of companies worldwide inspire trust by fulfilling complex national and international disclosure obligations, minimizing risks and communicating transparently with stakeholders.




Comments

You may not comment on this article as you either did not confirm your account yet or were blocked. If you think this is a mistake please contact us. Show more