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July 16, 2020 – Following a better than expected market recovery and a strong June performance, Daimler Group adjusted EBIT, Mercedes-Benz Cars & Vans adjusted EBIT and Daimler’s Industrial Free Cash Flow for the second quarter of 2020 are all above market expectations. Source:
Preliminary results for the second quarter 2020 were above market expectations.
Daimler Group Market Cap 42.081B
Earnings Date Jul 23, 2020
Forward Dividend & Yield 0.90 (2.39%)
Ex-Dividend Date Jul 09, 2020
1yr Target Est 62.70
At the Annual Shareholders’ Meeting on July 8, 2020, the shareholders decided the distribution of a dividend of € 0.90 (last year: € 3.25) per share. The dividend distribution amounted to € 1.0 million (last year: € 3.5 million) and the distribution ratio was 40 % of the net profit attributable to the Daimler shareholders (last year: 48 %). Source:
Daimler AG (DAI.DE) XETRA will cease building Mercedes-Benz sedans in the United States and Mexico as it seeks deeper cuts after posting a smaller-than-expected quarterly loss. Mercedes-Benz C-Class sedan known as its best seller will no longer produce this car in Tuscaloosa, Alabama. The Daimler Group will focus on the GLC SUV sport utility vehicles at this plant. Plans are scrapped for Mercedes-Benz A-Class in Aguascalientes, Mexico. Mercedes will ramp up production on the GLB model, the new higher-margin SUV . The Daimler Group will sell its facility in Hambach, France and the plant in Iracemapolis, Brazil, Handelsblat may also be sold. AS the company seeks to save it bottom line cost saving staff cuts, of more than 20,000 jobs have been necessary.
Stuttgart (Germany) – Following a better than expected market recovery and a strong June performance, Daimler Group adjusted EBIT, Mercedes-Benz Cars & Vans adjusted EBIT and Daimler’s Industrial Free Cash Flow for the second quarter of 2020 are all above market expectations.
“This has been a complex quarter. We took proactive decisions on costs and spending and focused intensely on working capital management. We were then able to seize opportunities allowed by the market recovery, thanks to our compelling product line-up. We also announced key strategic partnerships in electrification and vehicle software during the quarter that position us well for the future. But there is still much to do. Our systematic efforts to lower the breakeven of the company by reducing costs and adjusting capacity will need to continue. “Ola Källenius Chairman of the Board of Management of Daimler AG and Mercedes-Benz AG Source:
