Daimler AG: Preliminary Q1 2021 results significantly above market expectations
Daimler AG / Key word(s): Preliminary Results
Daimler AG: Preliminary Q1 2021 results significantly above market expectations
16-Apr-2021 / 00:53 CET/CEST
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Preliminary Q1 2021 results significantly above market expectations
Stuttgart, Germany - Favourable sales momentum at Mercedes-Benz Cars driven by all major regions, especially China, strongly supported the product mix and pricing in the first quarter 2021. Daimler was able to benefit from this development thanks to convincing product substance combined with significant fixed cost reductions.
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Daimler confident for 2021
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Financial results 2020 significantly better than expected amid COVID-19 challenges
Net profit increased by 48% to €4.0 billion (2019: €2.7 billion)
Net liquidity of the industrial business of €17.9 billion (end of Q3 2020: €13.1 billion/end of 2019: €11.0 billion)
Dividend proposed of €1.35 per share (2019: €0.90)
Daimler Group expects sales, revenues and EBIT in 2021 to be significantly above the prior-year s level
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Daimler AG (ticker symbol: DAI) today reported its results for the fiscal year 2020 ended December 31, 2020. In a challenging environment due to the COVID-19 pandemic, the Group s total unit sales of passenger cars and commercial vehicles decreased by 15%, to 2.84 million (2019: 3.34 million). Revenue was €154.3 billion (2019: €172.7 billion), a reduction of 11%. Due to extensive cost and cash preservation measures an