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Richard Hilgert
  • Richard Hilgert

Daimler Reports Mixed 1Q Results, Tweaks 2018 Guidance Lower; Maintain...

No-moat-rated Daimler, the maker of Mercedes-Benz cars, trucks (Freightliner in the United States), vans, and buses, reported earnings per share before special items of EUR 2.12, up 6% from the year-ago period but EUR 0.14 lower than the consensus EPS of EUR 2.26. We think the extent of the underperformance versus consensus was attributable to negative currency and the adoption of IFRS 9, which changes sales hedge derivative accounting and IFRS 15, which changes revenue recognition on certain co...

Richard Hilgert
  • Richard Hilgert

Daimler Releases Headline 2017 Numbers, Achieves Record Results

No-moat-rated Daimler, the maker of luxury Mercedes brand cars and Mercedes trucks, vans, and buses as well as Freightliner and Western Star trucks in the United States, provided the media with its headline 2017 results during a Feb. 1 conference at its headquarters in Stuttgart, Germany. An investor conference and the release of full financial statements is expected Feb. 2. We look for the Mercedes-Benz car group to have benefited from the all-new E-Class and globally healthy demand in sport ut...

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