Daimler Q2 profit jump 12% on strong Mercedes-Benz car demand

DPA Frankfurt | Updated on March 12, 2018


The German carmaker Daimler reported on Wednesday a 12-per-cent rise in second-quarter profit thanks to strong demand for its luxury Mercedes-Benz cars.

Earnings before interest and taxes climbed to €2.46 billion ($3.3 billion) during the quarter from €2.19 billion in the same period last year, the Stuttgart-based company said.

“Our strategy is bearing fruit,” Daimler chief Dieter Zetsche said.

“Supported by our product offensive and the successful continuation of our efficiency programs, we look to the future with optimism.” The group’s flagship Mercedes-Benz division reported a 35-per-cent year-on-year rise in second-quarter earnings before interest and taxes to €1.41 billion.

Group revenue for the latest quarter grew 6 per cent to €31.5 billion, Daimler said.

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on July 23, 2014
This article is closed for comments.
Please Email the Editor