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Daimler reports third-quarter 2019 results

STUTTGART, Germany, Oct. 24, 2019 /PRNewswire/ -- A
Daimler reports third-quarter 2019 results


Strong Q3 sales for Mercedes-Benz Cars (+8%) and Vans (+10%)



Revenue of a?43.3 billion (Q3 2018: a?40.2 billion)



Group EBIT of a?2.7 billion (Q3 2018: a?2.5 billion)



Group net profit of a?1,813 million (Q3 2018: a?1,761 million)



Industrial Net Liquidity at a?9.6 billion (Q2 2019: a?6.6 billion)

Daimler AG (ticker symbol: DAI) today reported results for the third quarter ended September 30, 2019. The Group's total unit sales rose by 6% to 839,300 passenger cars and commercial vehicles (Q3 2018: 794,700). Revenue climbed by 8% to a?43.3 billion (Q3 2018: a?40.2 billion). Also adjusted for positive exchange-rate changes, revenue was slightly higher than the prior-year level. The Daimler Group posted third-quarter EBIT of a?2.7 billion (Q3 2018: a?2.5 billion), an increase of 8%."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," said Ola KAllenius, Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars. In the third quarter, Group net profit rose by 3% to a?1,813 million (Q3 2018: a?1,761 million). Net profit attributable to the shareholders of Daimler AG amounted to a?1,719 million (Q3 2018: a?1,689 million), leading to an increase in earnings per share to a?1.61 (Q3 2018: a?1.58).
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