Daimler adjusts earnings expectations

June 23, 2019 - Today, Daimler AG reassessed the earnings expectations for the 2019 financial year for the Mercedes-Benz Vans division and the Group.

  • Increase of provisions for various ongoing governmental proceedings and measures relating to Diesel vehicles by a high three digit million amount will affect Daimler's second quarter 2019 earnings and be taken into account in the Group EBIT.
  • Outlook for Group EBIT in 2019 now expected to be in the magnitude of the previous year.
  • Return on Sales forecast of Mercedes-Benz Vans for financial year 2019 now expected to be minus 2% to minus 4%.

Relevant for the reassessment is an increase in expected expenses in connection with various ongoing governmental proceedings and measures with regard to Mercedes-Benz diesel vehicles.

EBIT and Return on Sales are defined as on p. 344/345 of the Daimler Annual Report 2018.

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