Daimler : The best is unlikely to come any time soon - Neutral vs Buy
>A final warning on 2019 that will clearly not help on the dividend side - Following the latest warning of 22 January, we have lowered our 2019 estimates by 33%, taking account of the latest one-off items detailed by the group. Given this backdrop, the main focus of the release on 10 February will be the dividend which expect to be down sharply at € 1.00 vs € 3.25 for 2018 (consensus at € 1.57). This equates to a payout of 42% and a cash-out in 2020 of € 1.1bn, albei...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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