Mercedes-Benz AG : Q4 results above but in line on Cars, 2024 guidance broadly in line
>Q4 2023 results above expectations overall but in line on Cars with margin below expectations - Mercedes-Benz reported Cars revenue of € 29.6bn, -3% y-o-y, +9% q-o-q, ahead of expectations (css € 28.5bn, ODDO BHF €28.0bn) and adj. EBIT of € 2.97bn, -27% y-o-y, -12% q-o-q, in line with expectations, implying a lower-than-expected margin of 10.0% (vs css/ODDO BHF of 10.5%). Vans reported revenues of € 5.6bn, +10% y-o-y, +14% q-o-q, in line with expectations, but w...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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