Daimler Truck : Q2 prelims below expectations due to China JV impairment
>Q2 below expectations due to China JV impairment, in line/above excl. impairment - DTG reported Q2 preliminary results last night. On a reported basis, Q2 adj. EBIT came in 7% below the consensus due to a € 120m impairment on the China Joint Venture on the back of a “persistently weak market environment”.Adjusted for this impairment, Q2 adjusted EBIT would have actually been 2% ahead of expectations (6% ahead on the Industrial Business)FCF is also below, bu...
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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