Daimler Targets Group EBIT of EUR6 Billion in Full-Year 2010; Group EBIT of EUR2, 104 Million in the Second Quarter (Q2 2009: Minus EUR1, 005 Million); Net Profit of EUR1, 312 Million (Q2 2009: Net Loss of EUR1, 062 Million); Revenue Substantially Above Prior-Year
ENP Newswire 2010, July 28
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ENPNewswire-28 July 2010-Daimler targets Group EBIT of EUR6 billion in full-year 2010; Group EBIT of EUR2,104 million in the second quarter (Q2 2009: minus EUR1,005 million); Net profit of EUR1,312 million (Q2 2009: net loss of EUR1,062 million); Revenue substantially above prior-year level at EUR25.1 billion (Q2 2009: EUR19.6 billion); Substantial increase in free cash flow to EUR2.5 billion; Mercedes-Benz Cars targets EBIT of EUR4 billion for 2010; Daimler Trucks anticipates EBIT of around EUR1 billion for 2010(C)2010 ENPublishing - http://www.enpublishing.co.uk Release date- 27072010 - Stuttgart - Recovering automotive markets around the world, strong growth in major car and commercial-vehicle markets, an attractive product portfolio and the implementation of efficiency improvements had a very positive effect on Daimler AG (stock-exchange symbol DAI) in the second quarter of 2010. As already announced on July 16, Group EBIT amounted to EUR2,104 million (Q2 2009: minus EUR1,005 million).