daimler ag- spn adr (DDAIY) Key Developments
Daimler AG Announces Earnings and Production Results for the First Quarter of 2015; Provides Earnings and Production Guidance for the Full Year of 2015
Apr 28 15
Daimler AG announced earnings and production results for the first quarter of 2015. For the quarter, the company reported revenue of EUR 34,236 million against EUR 29,457 million a year ago. EBIT as reported was EUR 2,906 million against EUR 1,787 million a year ago. EBIT from ongoing business was EUR 2,930 million against EUR 2,072 million a year ago. Net profit was EUR 2,050 million against EUR 1,086 million a year ago. EPS was EUR 1.83 against EUR 0.96 a year ago. Free cash flow was EUR 2,292 million against EUR 694 million a year ago. Net profit attributable to the shareholders of Daimler AG amounts to EUR 1,963 million against EUR 1,027 million a year ago.
For the quarter, the group has sold 641,614 units against 565,799 units a year ago.
For the year of 2015, EBIT from ongoing business is expected to be significantly higher than in previous year. The company assumes that group revenue will increase significantly in 2015. In regional terms, the strongest growth is anticipated in Asia and North America, but business volumes should expand also in the other regions. The company expects a free cash flow from the industrial business in a significantly higher amount than the dividend payment in 2015 of EUR 2.6 billion.
For 2015, the company expects production volumes will continue rising.
Nokia's Map Business Reportedly Attracts Bidders
Apr 22 15
The map business of Nokia Corporation (HLSE:NOK1V) attracted interest from at least four potential buyers including Facebook, Inc. (NasdaqGS:FB), and a consortium of Bayerische Motoren Werke Aktiengesellschaft (DB:BMW), AUDI AG (DB:NSU) and Daimler AG (XTRA:DAI), according to a German magazine, Manager Magazin. The magazine, citing people familiar with the matter, also mentioned that Hellman & Friedman LLC is also interested in the map business. Nokia, Facebook declined to comment on the report. Hellman & Friedman, BMW, Audi and Daimler were not immediately available for comment.
Renault-Nissan Alliance and Daimler to Expand Five-Year Strategic Cooperation
Apr 20 15
The Renault-Nissan Alliance and Daimler AG have announced that they will expand their five-year strategic cooperation into the pickup truck segment. Together, Nissan and Daimler will develop a 1-ton pickup truck for Mercedes-Benz. Mercedes-Benz recently announced its entry into this segment. The Mercedes-Benz pickup will share some of the architecture with the all-new Nissan NP300 but it will be engineered and designed by Daimler to meet the specific needs of its customers. The vehicle will have all of Mercedes Benz distinctive characteristics and features. The pickup will feature a double cab and will be targeted both at personal-use and commercial customers. The primary target markets for the truck are Europe, Australia, South Africa and Latin America.
Mercedes Benz Reports China Sales Results for the First Quarter of 2015
Apr 15 15
Mercedes Benz announced that it sold 78,183 Mercedes Benz vehicles in China in the first quarter of this year, reflecting a year on year growth of 16.6%.
Daimler and BAIC Motor Open New Compact Car Plant in China
Apr 8 15
Daimler AG has opened a new compact car production plant in China with joint-venture partner BAIC Motor. The plant, which covers 1.5 million square metres, has annual capacity to produce 250,000 units per annum (upa), with a total investment of EUR 720 million (USD 784 million), and employs 800 staff. The plant will produce the Mercedes-Benz GLA compact sport utility vehicle (SUV), which has begun production at the plant.