Mercedes-Benz AG : The worst has been avoided, but the trend remains negative
>Q2 broadly in line with forecasts, guidance for 2024 confirmed with adjustments - On Friday before market open, Mercedes-Benz published Q2 results that were broadly in line with expectations on the P&L, and below on cash (details in the First Take here). Specifically, the release confirmed the return to a double-digit Cars EBIT margin (10.2% after 9.0% in Q1), even though results at the division continue to show a marked decline vs last year (EBIT -28% y-o-y to € 2....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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