Daimler : Q1 prelims significantly above expectations mainly thanks to China and mix
>An even better Q1 in store thanks to China, mix and cost control - Daimler published this morning very solid Q1 2021 preliminary earnings that beat estimates, mostly driven by Mercedes-Benz Cars. The car unit benefited from strong sales momentum in many regions but especially in China (~1/3 of unit sales this quarter) which also supported the product mix and the pricing in the current context of low vehicles inventories across the globe.Consensus upgrade...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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