Daimler Group's EBIT adjusted for special reporting items significantly better than market expectations in second quarter 2016


Daimler AG / Key word(s): Quarterly / Interim Statement/Quarter Results
11.07.2016 20:00

Disclosure of an inside information according to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


July 11, 2016
Ad hoc announcement:

Daimler Group's EBIT adjusted for special reporting items significantly better than market expectations in second quarter 2016
Stuttgart (Germany) - 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 EUR3,973 million (Q2 2015: EUR3,764 million). All mentioned figures are preliminary and unaudited.
The EBIT adjusted for special reporting items reached:
Mercedes-Benz Cars: EUR2,209 million (Q2 2015: 2,234 million) Daimler Trucks: EUR661 million (Q2 2015: 717 million) Mercedes-Benz Vans: EUR462 million (Q2 2015: 238 million) Daimler Buses: EUR89 million (Q2 2015: 57 million) Daimler Financial Services: EUR479 million (Q2 2015: 445 million) Reconciliation: EUR73 million (Q2 2015: 73 million)
Following special reporting items had an impact on EBIT:
Mercedes-Benz Cars
Expenses in connection with Takata airbags: EUR-440 million (Q2 2015: 0 million)
Net expenses from measurement of inventories: EUR-284 million (Q2 2015: 0 million)
Settlement in connection with patent dispute: EUR-64 million (Q2 2015: 0 million)
Restructuring of own dealer network: EUR-11 million (Q2 2015: -16 million) Relocation of headquarters of MBUSA: EUR0 million (Q2 2015: 9 million)
Daimler Trucks
Workforce adjustments: EUR-34 million (Q2 2015: -20 million) Restructuring of own dealer network: EUR-6 million (Q2 2015: -15 million)
Mercedes-Benz Vans
Expenses in connection with Takata airbags: EUR-59 million (Q2 2015: 0 million)
Restructuring of own dealer network: EUR-2 million (Q2 2015: -4 million)
Daimler Buses
Restructuring of own dealer network: EUR-1 million (Q2 2015: 0 million)
Reconciliation
Expenses related to legal proceedings: EUR-400 million (Q2 2015: 0 million) Losses from currency transactions (not allocated to business operations): EUR-19 million (Q2 2015: 0 million)
Contribution of shares of Renault and Nissan to pension plan assets: EUR605 million (Q2 2015: 0 million)

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.
Contact:
Jörg Howe, + 49 711 17-41341, joerg.howe@daimler.com Hendrik Sackmann, + 49 711 17-35014, hendrik.sackmann@daimler.com Silke Walters, + 49 711 17-40624, silke.walters@daimler.com

11.07.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


 
Language:     English
Company:      Daimler AG
              Mercedesstrasse 137
              70327 Stuttgart
              Germany
Phone:        +49 (0)711 179 22 61
Fax:          +49 (0)711 179 40 75
E-mail:       ir.dai@daimler.com
Internet:     www.daimler.com
ISIN:         DE0007100000
WKN:          710000
Indices:      DAX, EURO STOXX 50
Listed: Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Tradegate Exchange; Terminbörse EUREX  
End of Announcement DGAP News-Service  



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