Mercedes-Benz AG : Q2 better than expected thanks to Vans
>EBIT 7% higher than expected and a partially expected guidance upgrade - Like its peers, MB’s Q2 results published yesterday morning came out better than expected (+6% vs adjusted EBIT consensus, +25% for FCF), once again mostly driven by a very solid performance from the Vans division (EBIT 7% higher than expected) and a decent showing from the Cars division (3% higher than expected). In absolute terms, the results show modest y-o-y growth (+6% for EBIT) but a q-o-...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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