Daimler : Undeniable proactive approach but so is the lack of visibility
>An uninspiring release but a good presentation from management - Whilst preliminary figures (adjusted EBIT by division) were published several weeks ago, the focus of this publication was, above all, FCF generation (a shade better), the dividend (below expectations) and the outlook for 2020 (in line). Against this backdrop, revisions should be limited (~5% est.) and this would probably already be a lot after the multiple profit warnings of the past 18 months. At the ...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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