Daimler Group EBIT for Q2 2013 Above Market Expectations
OREANDA-NEWS. Daimler AG disclosed its preliminary figures for the second quarter of 2013. The Group generated revenues of EUR 29.7 billion while Group EBIT including special items amounts to EUR 5.2 billion.
Negative special items in connection with ongoing restructuring programs are included in the earnings of the divisions Daimler Trucks (minus EUR 82 million) and Daimler Buses (minus EUR 20 million). As previously announced, there was also a special item with a positive impact on EBIT related to the sale of all EADS; this amounts to EUR 3.2 billion.
As previously announced, the earnings situation from ongoing business improved in the second quarter.
Second-quarter earnings are largely in line with our internal expectations and thus also with our current outlook for the development of EBIT in 2013. The current EBIT forecasts for the Daimler Group and its divisions therefore continue to apply unchanged. On the basis of our unchanged assumptions for the further development of our key markets and the ongoing growth initiatives and efficiency programs, we continue to assume that EBIT in the second half of the year will be higher than in the first half.
These Q2 numbers are preliminary and have not yet been reviewed by the external auditors. Daimler will publish its final results for the second quarter along with other details in Interim Report Q2 2013 on July 24, 2013.
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