Daimler : The equity story’s far from over
>Solid resilience in Q3, guidance confirmed and very upbeat message - Daimler reported very solid Q3 earnings (detailed in last Friday’s flash) amid very challenging conditions (volumes down 25% due to chips shortages), further confirming the group’s resilience. Moreover, we think that its confirmed full-year guidance (further upgraded even for FCF) and the CFO's positive tone in the conference call on further positive momentum attest to the structural progress achiev...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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