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MarketScreener Homepage  >  Equities  >  Xetra  >  Daimler AG    DAI   DE0007100000

DAIMLER AG

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Daimler : 1Q Earnings Dropped, Outlook Confirmed

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04/26/2019 | 02:06am EDT

By Max Bernhard

Daimler AG (DAI.XE) said Friday that its earnings slumped in the first quarter, but backed its guidance for the year ahead.

Net profit fell to 2.10 billion euros ($2.34 billion) in the period from EUR2.27 billion a year earlier.

Revenue edged lower to EUR39.70 billion, from EUR39.79 billion.

Earnings before interest and taxes dropped to EUR2.80 billion from EUR3.3 billion a year earlier. Earnings at Daimler's core Mercedes-Benz passenger-car unit were lower due to lower unit sales and changes in the sales structure, it said. Earnings at its trucks division were hit by higher raw-material prices and supply-chain bottlenecks.

Industrial free cash flow swung to negative EUR2.0 billion, from positive EUR1.8 billion a year ago.

The maker of Mercedes-Benz cars confirmed its 2019 guidance, expecting slight growth in unit sales, revenue and earnings.

"We had a comparatively weak start to the year and face numerous challenges along the entire value chain in all our automotive divisions. This had a negative impact on unit sales and earnings," said Chief Financial Officer Bodo Uebber.

Write to Max Bernhard at max.bernhard@dowjones.com; @mxbernhard

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Financials (€)
Sales 2019 172 B
EBIT 2019 11 571 M
Net income 2019 8 008 M
Finance 2019 15 398 M
Yield 2019 6,06%
P/E ratio 2019 6,95
P/E ratio 2020 6,80
EV / Sales 2019 0,23x
EV / Sales 2020 0,23x
Capitalization 55 653 M
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Mean consensus HOLD
Number of Analysts 29
Average target price 59,0 €
Spread / Average Target 13%
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Managers
NameTitle
Dieter Zetsche Chairman-Management Board
Manfred Bischoff Chairman-Supervisory Board
Bodo Knut Uebber Chief Financial Officer
Frank Lindenberg Head-Finance & Controlling
Clemens A. H. Boersig Member-Supervisory Board
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