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MarketScreener Homepage  >  Equities  >  Xetra  >  Daimler AG    DAI   DE0007100000

DAIMLER AG

(DAI)
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Delayed Quote. Delayed Xetra - 06/25 08:20:39 am
47.42 EUR   -0.71%
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Daimler plans to cut administration costs by 20%: Handelsblatt

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05/20/2019 | 02:42pm EDT
FILE PHOTO: Kaellenius, a board member of Daimler AG presents the new Mercedes GLC F-CELL during the Frankfurt Motor Show (IAA) in Frankfurt

FRANKFURT (Reuters) - Incoming Daimler boss Ola Kaellenius is working on a cost cut program to reach profit margin targets which are threatened by global trade woes and ramp up issues at factories, Handelsblatt reported, citing company sources.

Kaellenius, who will take over from Dieter Zetsche after the company's annual general meeting on May 22, has been working for months on a cost cut initiative, dubbed "Move", which is expected to be ready in the summer, the paper said.

Central administration costs are to be cut by about 20%, the paper said, adding billions of euros in efficiency potential would be targeted.

Daimler declined to comment.

Kaellenius said earlier this month that Daimler will cut development costs of new Mercedes-Benz cars by a significant amount by 2025 and will intensify alliances with rivals as a way to improve margins.

(Reporting by Christoph Steitz; editing by David Evans)

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Financials (€)
Sales 2019 171 B
EBIT 2019 11 160 M
Net income 2019 7 738 M
Finance 2019 14 665 M
Yield 2019 6,49%
P/E ratio 2019 6,50
P/E ratio 2020 6,32
EV / Sales 2019 0,21x
EV / Sales 2020 0,21x
Capitalization 51 095 M
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Technical analysis trends DAIMLER AG
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TrendsBearishNeutralNeutral
Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 30
Average target price 58,1 €
Spread / Average Target 22%
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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