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

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

The Local is not responsible for content posted by users.
Become a Member or sign-in to leave a comment.

From our sponsors

Change the world with a master's degree from Sweden's Linköping University

Master's students at world-leading Linköping University (LiU) aren't there simply to study. They solve real-world problems alongside experts in fields that can create a better tomorrow. Do you have what it takes to join them?

Advertisement