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MarketScreener Homepage  >  Equities  >  Xetra  >  Daimler AG    DAI   DE0007100000

DAIMLER AG

(DAI)
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48.128 EUR   +4.54%
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Daimler : Cooperating in German Transport Authority's Review of Emissions Software

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04/15/2019 | 06:08am EDT

By Max Bernhard

Daimler AG (DAI.XE) said Monday that it is "reviewing the facts" and cooperating with Germany's motor transport authority KBA over a possible diesel-emissions issue.

German weekly Bild am Sonntag reported Sunday that the authority found Daimler's Mercedes-Benz GLK 220 CDI models, produced between 2012 and 2015, are equipped with a previously unknown software function that could allow the cars to dodge emissions tests. KBA could therefore require Daimler to recall about 60,000 vehicles in Germany, according to the newspaper.

KBA found that the function artificially delays the heating of engine oil so that legal nitrogen-oxide targets are met on the test stand, but that the function is turned off on the road, leading to much higher emissions, Bild am Sonntag said.

According to the report, the authority also found that Daimler is deleting the software function during voluntary software updates.

Daimler said it complies with the approval process agreed upon with the KBA when implementing the service measures. "The allegation that we wanted to hide something with the voluntary service measure is incorrect," it said.

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

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Financials (EUR)
Sales 2019 170 B
EBIT 2019 8 330 M
Net income 2019 6 189 M
Finance 2019 12 376 M
Yield 2019 6,27%
P/E ratio 2019 8,59x
P/E ratio 2020 6,39x
EV / Sales2019 0,22x
EV / Sales2020 0,22x
Capitalization 49 255 M
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Mean consensus HOLD
Number of Analysts 31
Average target price 54,44  €
Last Close Price 46,20  €
Spread / Highest target 84,0%
Spread / Average Target 17,8%
Spread / Lowest Target -24,2%
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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