trending Market Intelligence /marketintelligence/en/news-insights/trending/gvDGFoAyLcxEeJcQCMMaqQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Mercedes-Benz car, van sales help Daimler beat Q3 EPS analyst expectations

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform

Mercedes-Benz car, van sales help Daimler beat Q3 EPS analyst expectations

Mercedes-Benz parent Daimler AG reported a 2% increase in third-quarter earnings per share, beating analyst expectations, helped by increased sales of Mercedes-Benz cars and vans.

The German premium automaker posted July 1 to Sept. 30 earnings per share of €1.61, up from €1.58 in the same period of 2018 and above the €1.54 forecast by five analysts polled by S&P Global Market Intelligence.

Revenue rose 8% to €43.27 billion compared with €40.21 billion in the same period last year, the company said in an earnings release, exceeding analysts' mean consensus estimate of €42.98 billion.

"Strong sales at Cars and Vans supported our Q3 financial performance. However, in order to master the transformation in the next few years, we need to increase our efforts considerably: We have to significantly reduce our costs and consistently strengthen our cash flow," CEO Ola Källenius said in the earnings release.

Operating profit or EBIT grew 8% to €2.69 billion in the period. Mercedes-Benz cars contributed €1.42 billion, a 4% increase in EBIT; Daimler Mobility rose 5% to 413 million, and the vans business swung to a €113 million operating profit from a €93 million loss. EBIT at Daimler Trucks fell 9% to €774 million.

The company continues to expect full-year operating profit to be "significantly below" 2018 levels, cutting anticipated return on sales for Daimler Trucks to 6% to 8% as the company expects commercial vehicle demand to be hit by a faster-than-expected downturn in U.S. and Europe.

For 2019 as a whole, Daimler said it continued to expect stable sales volumes and a slightly higher revenue compared with the previous year, with a significant increase in revenue at Daimler Buses.

Daimler said free cash flow of the industrial business was burdened by high levels of spending to develop new products and technologies and said it expected free cash flow in this area to be "significantly lower" in the 2019 financial year.

The automaker said the resolution of legal proceedings in connection with diesel exhaust emissions may "negatively affect the profitability expectations."

Shares in Daimler rose as much as 6.4% to €53.65 during morning trading in Frankfurt following the announcement of the results.