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Last $88.57 USD
Change Today -1.00 / -1.12%
Volume 8.8K
DDAIY On Other Exchanges
Symbol
Exchange
OTC US
Xetra
Mexico
BrsaItaliana
As of 8:10 PM 07/27/15 All times are local (Market data is delayed by at least 15 minutes).

daimler ag- spn adr (DDAIY) Key Developments

Mercedes-Benz Cars Announces Earnings Results for the Second Quarter and First Six Months Ended June 30, 2015; Provides Earnings Guidance for the Full Year of Fiscal 2015

Mercedes-Benz Cars announced earnings results for the second quarter and first six months ended June 30, 2015. For the quarter, the company announced EBIT of EUR 2,227 million compared to EUR 1,409 million for the same period a year ago. Revenue was EUR 21,136 million compared to EUR 17,771 million for the same period a year ago. The development of earnings primarily reflects the further growth in unit sales in all regions. The company also achieved earnings growth also as a result of the efficiency measures initiated in the context of Fit for Leadership. For the six months, the company announced EBIT of EUR 4,068 million compared to EUR 2,592 million for the same period a year ago. Revenue was EUR 40,645 million compared to EUR 34,775 million for the same period a year ago. The company provided earnings guidance for the full year of fiscal 2015. The company expects sales should grow significantly also in full-year 2015. The company expects EBIT from ongoing business for 2015 will be significantly above the prior-year level.

Mercedes-Benz Vans Announces Earnings Results for the Second Quarter and First Six Months Ended June 30, 2015; Provides Earnings Guidance for the Full Year of Fiscal 2015

Mercedes-Benz Vans announced earnings results for the second quarter and first six months ended June 30, 2015. For the quarter, the company announced EBIT of EUR 234 million compared to EUR 242 million for the same period a year ago. Revenue was EUR 2,829 million compared to EUR 2,494 million for the same period a year ago. The company's revenue and earnings were affected by the very good development of demand in Europe and the NAFTA region as well as a positive product mix. For the six months, the company announced EBIT of EUR 449 million compared to EUR 365 million for the same period a year ago. Revenue was EUR 5,244 million compared to EUR 4,706 million for the same period a year ago. The company provided earnings guidance for the full year of fiscal 2015. The company plans to achieve significant growth in unit sales in 2015. The company expects EBIT from ongoing business for 2015 will be significantly above the prior-year level.

Daimler AG Announces Consolidated Earnings Results for the Second Quarter and First Six Months Ended June 30, 2015; Provides Earnings Guidance for the Full Year of Fiscal 2015

Daimler AG announced consolidated earnings results for the second quarter and first six months ended June 30, 2015. For the quarter, the company announced revenue of EUR 37,527 million compared to EUR 31,544 million for the same period a year ago. EBIT was EUR 3,718 million compared to EUR 3,095 million for the same period a year ago. Net profit was EUR 2,372 million compared to EUR 2,196 million for the same period a year ago. Earnings per share were EUR 2.12 compared to EUR 1.97 for the same period a year ago. Free cash flow (industrial business) was EUR 1,073 million compared to EUR 753 million for the same period a year ago. Net profit attributable to the shareholders of the company was amounted to EUR 2,269 million compared to EUR 2,104 million for the same period a year ago. The significant growth in group EBIT in the period under review was primarily driven by the division, Mercedes-Benz Cars, as a result of its ongoing growth in unit sales and the systematic implementation of its Fit for Leadership efficiency program. For the six months, the company announced revenue of EUR 71,763 million compared to EUR 61,001 million for the same period a year ago. EBIT was EUR 6,624 million compared to EUR 4,882 million for the same period a year ago. Net profit was EUR 4,422 million compared to EUR 3,282 million for the same period a year ago. Earnings per share were EUR 3.96 compared to EUR 2.93 for the same period a year ago. Free cash flow (industrial business) was EUR 3,365 million compared to EUR 1,447 million for the same period a year ago. The company invested EUR 2.1 billion in property, plant and equipment in the first half of 2015 compared to EUR 2.1 billion for the same period a year ago. The company provided earnings guidance for the full year of fiscal 2015. The company announced that significant growth in unit sales and revenue anticipated for full-year 2015. Group EBIT from ongoing business expected to be significantly higher than in 2014. The development of earnings expected for the automotive divisions will also have a positive impact on the free cash flow of the industrial business in 2015.

Nokia Close To Sale Of Maps Unit

Nokia Corporation (HLSE:NOK1V) is nearing an agreement to sell its maps business made by HERE Holding Corporation to a group of German luxury-car makers including Bayerische Motoren Werke Aktiengesellschaft (DB:BMW), Daimler AG (XTRA:DAI) and AUDI AG (DB:NSU). An agreement could be reached as early as next week, with an announcement targeted for around July 31, 2015, according to people familiar with the matter.

Uber Reportedly Drops Bid For Nokia Map Unit

Uber Technologies, Inc. is reportedly out of the running to acquire HERE Holding Corporation (Here). Uber Technologies, Inc. had submitted an offer for the mapping division this year for as much as $3 billion. Instead, three people with knowledge of the talks said negotiations for Here have focused on a potential deal between Nokia Corporation (HLSE:NOK1V) (Nokia) and a consortium of German automakers, Bayerische Motoren Werke Aktiengesellschaft (DB:BMW), AUDI AG (DB:NSU) and Daimler AG (XTRA:DAI). The people would speak only on the condition of anonymity because the discussions were private. As other potential suitors have dropped out of the bidding process, the three German carmakers have increasingly taken a tough negotiating position with Nokia, according to two of the people. Spokesmen for Nokia and Uber declined to comment. Representatives for the German automakers were not immediately available for comment.

 

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DDAIY:US $88.57 USD -1.00

DDAIY Competitors

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Company Last Change
Bayerische Motoren Werke AG €88.75 EUR -1.98
Ford Motor Co $14.55 USD +0.16
General Motors Co $31.05 USD -0.01
Siemens AG €91.21 EUR -1.56
Volkswagen AG €185.42 EUR -3.64
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Industry Analysis

DDAIY

Industry Average

Valuation DDAIY Industry Range
Price/Earnings 10.7x
Price/Sales 0.6x
Price/Book 1.8x
Price/Cash Flow 10.7x
TEV/Sales NM Not Meaningful
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