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MarketScreener Homepage  >  Equities  >  Xetra  >  Daimler AG    DAI   DE0007100000

DAIMLER AG

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China's Geely to explore deeper cooperation with Daimler: chairman

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05/22/2020 | 05:35am EDT
FILE PHOTO: Daimler AG sign is pictured at the IAA truck show in Hanover

China's Geely will explore the possibility of deeper cooperation with German luxury automaker Daimler AG, its Chairman Li Shufu said on Friday.

Geely built a 9.69% stake in Stuttgart-based Daimler in 2018. The two companies formed a China-based venture to build electric Smart cars and a separate premium ride-hailing venture. They also invested in Volocopter, a flying taxi company.

Geely would also "launch several new products and services to our markets around the world" this year, Li said in a statement to Reuters. Geely plans to roll out Lynk & Co cars in Europe this year.

Li also said Chinese auto market is returning to normal and global auto supply chain disruption is "temporary and manageable."

(Reporting by Yilei Sun and Brenda Goh; Editing by Edmund Blair)

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Financials
Sales 2020 147 B 167 B 167 B
Net income 2020 275 M 313 M 313 M
Net cash 2020 20 461 M 23 262 M 23 262 M
P/E ratio 2020 136x
Yield 2020 0,70%
Capitalization 39 584 M 44 839 M 45 003 M
EV / Sales 2019
EV / Sales 2020 0,13x
Nbr of Employees 298 611
Free-Float 79,0%
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Mean consensus HOLD
Number of Analysts 27
Average target price 36,43 €
Last Close Price 37,00 €
Spread / Highest target 105%
Spread / Average Target -1,55%
Spread / Lowest Target -46,5%
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Managers
NameTitle
Ola Kaellenius Chairman-Management Board
Manfred Bischoff Chairman-Supervisory Board
Markus Schäfer Chief Operating Officer
Harald Wilhelm Chief Financial Officer
Clemens A. H. Börsig Member-Supervisory Board
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