Daimler : A strong release which tends to confirm the resilience of the carmaker
>Q3 slightly better and outlook fully confirmed likely to reassure - As expected, and guided by management during the previous months, Q3 2021 performance was much lower vs both Q1 and Q2 but remained nonetheless solid in the tough context of the quarter (total deliveries down 25%). It even came in slightly better than expected on most metrics. Even more importantly, the group confirmed its FY 2021 guidance and still expects MBCV adj. EBIT margin between 10-12%, Truck...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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