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The German automaker expects weak growth in profit, sales and revenue in 2019. Due to poor reports for 2018, the company reduced dividends for the first time since 2010. At the end of the fourth quarter of last year, the profit fell almost two times - from 3.22 billion euros to 1.64 billion euros. Operating profit declined by 22% to 2.67 billion. According to analysts, revenues should reach 45.5 billion euros. Revenue rose by 7% to 46.6 billion euros. Daimler CEO, Dieter Zetsche, said that the past year was difficult for the company. The automaker's dividends fell from 3.65 euros to 3.25 euros, less than the market forecast of 3.4 euros per share. The Mercedes-Benz Cards division reduced operating profit by 21% to 1.88 billion euros. The profitability of the division decreased from 9.4% to 7.8%. Daimler Trucks operating profit rose 27% to 0.71 billion euros. In 2018, the company sold 2.4% more cars than in 2017 - 3.4 million cars.
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
Oil prices gained for the third day on Tuesday, supported by a bounce in demand from efforts to lift the U.S. economy as it struggles to recover from the coronavirus pandemic. Prices were also buoyed by a weakening dollar, making it ...
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