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Preliminary Q1 2021 Results significantly above market expectations
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Preliminary Q1 2021 Results significantly above market expectations
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Daimler said in a preliminary full year 2020 results announcement its industrial free cash flow, group EBIT, Mercedes-Benz Cars & Vans return on sales adjusted and Daimler Mobility return on equity adjusted were all significantly guidance or significantly above market expectations for the financial year 2020 .
Free cash flow in the fourth quarter reflected the continued extensive cost and cash preservation measures and strong operative performances across all divisions leading to favorable cash-conversion ratios , it added.
Daimler said it completed 2020 in a challenging environment with a very strong fourth quarter, in particular with regard to [cash flow]. All divisions contributed to this success. Mercedes-Benz Cars and Vans exceeded key financial metrics of [full year 2019].
DGAP-Ad-hoc: Daimler AG / Key word(s): Preliminary Results
Daimler AG: Preliminary results for the financial year 2020 significantly above guidance and market expectations
28-Jan-2021 / 20:17 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.
Preliminary results for the financial year 2020 significantly above guidance and market expectations
Stuttgart, Germany - Daimler completed the financial year of 2020 in a challenging environment with a very strong fourth quarter, in particular with regard to Industrial Free Cash Flow. All divisions contributed to this success.
Daimler preliminary results for the financial year 2020 significantly above guidance and market expectations
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STUTTGART, Germany, Jan. 28, 2021 /PRNewswire/ Daimler completed the financial year of 2020 in a challenging environment with a very strong fourth quarter, in particular with regard to Industrial Free Cash Flow. All divisions contributed to this success. Mercedes-Benz Cars and Vans exceeded key financial metrics of the financial year 2019.
Industrial Free Cash Flow, Daimler Group EBIT, Mercedes-Benz Cars & Vans Return on Sales adjusted and Daimler Mobility Return on Equity adjusted are all significantly above Daimler s guidance or significantly above market expectations for the financial year 2020.
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