Mercedes-Benz AG : Solid Q1 and still-confident guidance, but likely not enough to dispel all doubts
>Solid Q1 and confident guidance, but unlikely to drive material upgrades - Mercedes-Benz reported on Friday morning Q1 results that came in line with preliminary figures released on April 20th. As a reminder, these were slightly ahead of forecasts, with an adjusted EBIT margin of 14.5%, up 200bp quarter-on-quarter but down 70bp year-on-year, driven by a still solid price/mix but offset by cost inflation. Since Q1 results were already known, the focus of the release 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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