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Daimler AG DDAIF

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Daimler Reports Chip Hit Q3, Provides Mixed Updated Guidance; Slight FVE Increase to EUR 84

Richard Hilgert Senior Equity Analyst

Analyst Note

| Richard Hilgert |

No-moat-rated Daimler reported third-quarter earnings per share of EUR 2.31, just EUR 0.01 above the EUR 2.30 FactSet consensus but up EUR 0.40 from the EUR 1.91 per share reported a year ago. As the spinoff of Mercedes-Benz truck and bus group, or MBTB, is slated for December, the company reported with the operations on a discontinued basis. Continuing operations EPS was EUR 1.81, up EUR 0.22 from EUR 1.59 last year.

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Company Profile

Business Description

Based in Stuttgart, Germany, Daimler makes premium passenger vehicles, commercial trucks and vans, and buses. Brands include Mercedes-Benz, AMG, Maybach, Freightliner, Western Star, Fuso, Thomas Built, BharatBenz, Setra, and Orion. Daimler Mobility provides the company's dealers and its customers with vehicle financing as well as mobility services in ride hailing, car sharing, and charging. Daimler owns 3.0% each of Renault and Nissan, 11.9% of Aston Martin, 15.0% of Russian truck maker Kamaz, and 9.6% of Beijing Automotive Group. Li Shufu, chairman of Chinese automaker Geely Automobile, owns 9.7% of Daimler. Other major shareholders include Kuwait Investment Authority at 6.8%, Beijing Automotive group at 5.0%, and Nissan at 1.5%.

Contact
Mercedesstrasse 120
Stuttgart, BW, 70372, Germany
Sector Consumer Cyclical
Industry Auto Manufacturers
Most Recent Earnings Sep 30, 2021
Fiscal Year End Dec 31, 2021
Stock Type
Employees 289,282

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