Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland
Advertisement

Daimler profits increase by half in a year

Share this article

Daimler profits increase by half in a year
Photo: DPA
14:28 CEST+02:00
Germany's Daimler, maker of Mercedes-Benz, said on Thursday its net profit rose in the third quarter, helped by higher car and truck sales as well as efficiency gains.

Net profit jumped 53 percent year-on-year to €1.84 billion in the three-month period to September as income tax payments fell.

Operating profit rose 16 percent to €2.23 billion, slightly better than a forecast of €2.07 billion from analysts polled by Dow Jones Newswires.

"This shows that the high investments we have made were money well spent," said chief executive officer Dieter Zetsche.

The Stuttgart-based company gave a forecast for the full year, predicting earnings before interest and tax at about €7.5 billion, below the previous year's €8.1 billion.

Previously the company had only said profit would decline as it invests in new models.

READ MORE: Foreigner quota to fix 'too German' Daimler

AFP/kkf

Follow us on Twitter @thelocalgermany

Like The Local Germany on Facebook

Get notified about breaking news on The Local

Share this article

Advertisement

From our sponsors

The Swedish university where students tackle real-world problems

Ranked among the world's best young universities in the QS Top 50 Under 50, Linköping University (LiU) uses innovative learning techniques that prepare its students to tackle the challenges of tomorrow.

Advertisement
Advertisement
Jobs
Click here to start your job search
Advertisement
Advertisement

Popular articles

Advertisement
Advertisement