Daimler Reduces FY18 EBIT Expectations

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Go back to Daimler Reduces FY18 EBIT Expectations

Daimler adapts earnings expectations

June 20, 2018 4:13 PM EDT

STUTTGART, Germany, June 20, 2018 /PRNewswire/ -- Today, due to current developments, Daimler AG has made a new assessment of the earnings potential for the year 2018. From today's perspective, the decisive factor is that, at Mercedes-Benz Cars, fewer than expected SUV sales and higher than expected costs not completely passed on to the customers  must be assumed because of increased import tariffs for US vehicles into the Chinese market. This effect cannot be fully compensated by the reallocation of vehicles to other markets. As another decisive factor, a negative effect on earnings is to be... More