Daimler: Daimler revises down its 2018 EBIT forecast due to Trump and recalls
Daimler: (BUY, Fair Value EUR88 (+46%))Daimler revises down its 2018 EBIT forecast due to Trump and recalls
Yesterday after market Daimler revised down its 2018 EBIT forecast for different reasons leading to a cut in the 2018 EBIT guidance from “slightly above last year†to “slightly belowâ€. EBIT on PC segment will be negatively affected by potential tariffs increase in China and by WLTP testing procedure while Vans segment will be affected by recalls in Europe. We will have to adjust negatively our 2018 EBIT forecast. Negative for all premium segment including BMW.
Daimler provides a range of transportation products, including passenger cars and commercial vehicles, and also financial services. Co. operates in five segments. Mercedes-Benz Cars sells passenger cars and off-road vehicles under the Mercedes-Benz brand and small cars under the smart brand. The Daimler Trucks distributes its trucks (Mercedes-Benz, Freightliner, FUSO, Western Star, Thomas Built Buses and BharatBenz). The vans of the Mercedes-Benz Vans segment are sold under the brand name Mercedes-Benz and Freightliner. Daimler Buses sells completely built-up buses (Mercedes-Benz and Setra). The Daimler Financial Services division supports sales of Co.'s automotive brands.
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