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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

Stocks mentioned in the article
ChangeLast1st jan.
DAIMLER AG 1.21% 41.725 Delayed Quote.-9.97%
VALUE8 N.V. -0.72% 5.48 Delayed Quote.16.46%
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Financials (EUR)
Sales 2019 171 B
EBIT 2019 7 482 M
Net income 2019 4 568 M
Finance 2019 11 350 M
Yield 2019 5,74%
P/E ratio 2019 9,32x
P/E ratio 2020 5,87x
EV / Sales2019 0,19x
EV / Sales2020 0,19x
Capitalization 44 222 M
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Technical analysis trends DAIMLER AG
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 29
Average target price 53,37  €
Last Close Price 41,45  €
Spread / Highest target 105%
Spread / Average Target 28,8%
Spread / Lowest Target -15,6%
EPS Revisions
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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