Daimler AG (ticker symbol: DAI) has achieved a Group EBIT adjusted for special reporting items for the second quarter that is significantly above market expectations. Group EBIT adjusted for special reporting items sums up to €3,973 million (Q2 2015: €3,764 million). All mentioned figures are preliminary and unaudited.
The EBIT adjusted for special reporting items reached:
Mercedes-Benz Cars: €2,209 million (Q2 2015: 2,234 million)
Daimler Trucks: €661 million (Q2 2015: 717 million)
Mercedes-Benz Vans: €462 million (Q2 2015: 238 million)
Daimler Buses: €89 million (Q2 2015: 57 million)
Daimler Financial Services: €479 million (Q2 2015: 445 million)
Reconciliation: €73 million (Q2 2015: 73 million)
Following special reporting items had an impact on EBIT:
| Special reporting items affecting EBIT
figures in million Euros: |
Q2 2016 |
Q2 2015 |
| Mercedes-Benz Cars
Expenses in connection with Takata airbags Net expenses from measurement of inventories Settlement in connection with patent dispute Restructuring of own dealer network Relocation of headquarters of MBUSA
Daimler Trucks Workforce adjustments Restructuring of own dealer network
Mercedes-Benz Vans Expenses in connection with Takata airbags Restructuring of own dealer network
Daimler Buses Restructuring of own dealer network
Reconciliation Expenses related to legal proceedings Losses from currency transactions (not allocated to business operations) Contribution of shares of Renault and Nissan to pension plan assets
|
-440 -284 -64 -11 –
-34 -6
-59 -2
-1
-400 -19 605 |
– – – -16 9
-20 -15
– -4
–
– – –
|
The outlook for Group EBIT 2016 adjusted for special reporting items remains unchanged: On the basis of the expectations for Daimler’s key markets and the current planning of the divisions, the EBIT development of the divisions are unchanged and expected as follows:
– Mercedes-Benz Cars: slightly above the prior-year level,
– Daimler Trucks: significantly below prior-year level,
– Mercedes-Benz Vans: significantly above the prior-year level,
– Daimler Buses: slightly above the prior-year level, and
– Daimler Financial Services: slightly above the prior-year level.
Daimler expects Group EBIT adjusted for special reporting items will slightly increase in 2016 as expected earlier.
EBIT is defined as: earnings before income taxes minus interest income plus interest expenses plus amortization of capitalized borrowing costs.
