Daimler's truck revenue in the third quarter reach

2022-08-07
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Daimler's truck revenue in the third quarter reached a new high by 17%

on this basis, it continued to learn and practice. Daimler's truck revenue in the third quarter reached a new high by 17%

China Construction Machinery Information

although the growth of China's automobile market is slowing down, the main luxury car brands in Germany have not been greatly affected. Daimler group, the maker of Mercedes Benz, rose 3.5% on Wednesday. In its latest financial report, the company announced the profit figures of five major business units and the cash flow indicators that were better than the market expectations. As the largest business unit of automobile manufacturing, the EBIT in the third quarter increased by 29%

the three German luxury car manufacturers, Mercedes Benz, BMW and Audi, have all performed better than the overall trend of China's auto market in the past quarter, although the world's largest auto market is experiencing a gradual slowdown

Mercedes Benz, which has the smallest market share among the three giants, sold 138000 vehicles in the Chinese market in the first half of the year, while BMW and Audi sold 225000 and 269000 vehicles respectively

however, Dieter Zetsche, chief executive officer of Daimler group, has put forward the goal of increasing the annual sales volume to 300000 vehicles by 2015. While controlling the automobile business expenditure, the company is also actively investing in new models

driven by the sales growth of nearly 25% in China, Mercedes Benz achieved a new record of 163000 vehicles per month worldwide in September, second only to BMW among German automakers

Stuart Pearson, an analyst at BNP Paribas, said, "Mercedes Benz is still far behind in China, but now they are catching up and putting the right products into this market." Luxury Mercedes Benz S-class cars designed for Chinese buyers have proved particularly popular in this country

Daimler group means that it has laid a solid foundation by building itself into a professional filter cloth production base of Chalco as soon as possible. The free cash flow of industrial businesses excluding financial services in the third quarter was about 5.4 billion euros, much higher than 1.6 billion euros in the same period last year. This part of funds includes the income from the sale of 50% of the shares in Rolls Royce power systems. The adjusted free cash flow is 2.9 billion euros, which is still far higher than that of the same period last year. Daimler also said that this figure is expected to decline in 2014, but the company will reassess the guidance of free cash flow as an important driver of dividend distribution

Daimler group will release the detailed financial report of the third quarter next week by enhancing the design of 3D printing products. At that time, more details of financial performance will be provided. However, analysts generally expect that the performance of the quarter will be improved due to the growth of shipments to dealers

in the truck business, the operating revenue increased by 17% to 618million euros in the third quarter. Daimler group maintained its expectations for the operating net profit indicators of the five major departments of automobile, truck, bus, truck and financial services, and believed that the annual performance of the first three groups of businesses would be "significantly higher" than that in 2013

affected by the macroeconomic weakness, Daimler group's share price has fallen by more than 10% in the past month, which is consistent with the overall trend of the automobile manufacturers sector

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