Daimler AG has today reported net profit of €1,515m (£1,187m)
for Q2, down from €1,704 in Q2 2011. Its EBIT (earnings before
interest and tax) was also down to €2,243m, from €2,581 million in
Q2 2011, leading to earnings per share of €1.34, down from €1.51 in
the same period last year.
The Daimler Group’s second-quarter revenue increased by 10% to
€28.9bn. Adjusted for exchange-rate effects, revenue grew by 4% in
a quarter when the German giant sold 570,300 cars and commercial
vehicles worldwide, surpassing the previous year’s Q2 total by
8%.
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Daimler aims at least to begin closing the gap on BMW and Audi’s
global volumes by comprehensively overhauling its line of Mercedes
compact cars. The new A-Class has undergone a sportier design
change, and an SUV derivative will be produced to compete with the
BMW X1 and Audi Q3 off-roaders. A coupe is also planned, based on
the concept style coupe that premiered at April’s Beijing auto
show.
Dr Dieter Zetsche, chairman of the board of management of
Daimler AG and head of Mercedes-Benz cars, said: “Despite the high
expenses as previously announced for new products and technologies,
our company was once again very profitable in the second quarter.
We achieved strong growth in unit sales and revenue.”
“On the basis of current market expectations and the divisions’
planning, we aim for Daimler to achieve EBIT from the ongoing
business in full-year 2012 that is in the magnitude of the prior
year. However, economic uncertainty and risks exist in nearly all
regions. We therefore remain vigilant in our monitoring of general
economic developments and the volatile markets.”
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