Mercedes-Benz AG : Feedback from Van CMD – Strategic and financially relevant, less so from a valuation standpoint?
>A CMD to clarify the relevance of Vans - Mercedes-Benz held a CMD yesterday dedicated to its Van business, an opportunity to remind investors of the relevance of this business within the group's portfolio, but also to provide an update on the outlook of this business which remains relatively unknown despite its non-negligible contribution to the group's results (12% of sales and 11% of EBIT in 2023e). Management insisted on the strategic interest of the Vans division...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.
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