Daimler once again significantly increased its sales in the third quarter. On the bottom line, there was less left over than the analysts expected.
Daimler CEO Dieter Zetsche
Friday, 20.10.2017
10:02 clock
The car and truck builder Daimler 
In the third quarter, it made less operating profit, partly because of special warranty costs and the repair of diesel vehicles in Europe. Earnings before interest and taxes fell in comparison to the same period last year by 14 percent to 3.46 billion euros, as the Dax Group announced on Friday in Stuttgart. Experts had expected a slightly higher value. Daimler Among other things, 223 million euros had been charged special charges for the software update of more than three million diesel cars in Europe. On balance, net profit fell 17 percent to 2.27 billion euros.
In the day-to-day business, on the other hand, the Group continues to benefit above all from the good run in China and at the city SUVs. Worldwide, the company had around 573,000 cars from its parent brand in the third quarter Mercedes Benz sold, nearly eight percent more than a year earlier. This drove total sales by six percent to 40.81 billion euros. The return on sales of the largest business segment, Mercedes-Benz Cars, fell by 2.6 percentage points from the strong previous year’s figure to 9.2 percent. In addition to the cost of the software update for diesel cars incurred 230 million euros for a recall.
The financial forecasts for the entire year confirmed the Stuttgart. In the truck division, the Group is more optimistic about the result due to a clear recovery.