Daimler : Q3 prelims positive surprise confirmed by final release and updated outlook
>A publication that confirms the more favourable momentum in H2 - Whilst Daimler last week reported Q3 preliminary figures that came in well above expectations, the focus of Friday release was to both gain a better and more detailed understanding of this performance and also to clarify the outlook with the announcement of new far more precise guidance for 2020. In both cases, the aim was clearly to better appreciate the sustainability of the positive results generated...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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