Daimler Posts Record Quarterly Profit as Mercedes Car Sales Jump
Mercedes-Benz vehicles on display at a dealership in San Francisco.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Daimler AG’s second-quarter operating profit surged 54 percent to a record as sales growth at the Mercedes-Benz brand outpaced gains at luxury-car rivals.
Earnings before interest and taxes from ongoing business jumped to 3.78 billion euros ($4.13 billion), the highest for any three-month period at German carmaker and exceeding the 3.31 billion-euro average of eight analyst estimates. Sales rose 19 percent to 37.5 billion euros.