Mercedes-Benz announces best-ever quarterly sales in Q3 2014 through September

Article by Christian Andrei, on October 17, 2014

Daimler disclosed in an ad-hoc statement that Mercedes-Benz Cars logged a 29-percent surge earnings before interest and tax (EBIT) from ongoing business to EUR1.61 billion ($2.04 billion) in the third quarter of 2014. Frank Biller, an analyst with LBBW, remarked that Mercedes-Benz Cars, which includes Smart – posted results that are significantly better than expected, showing that concerns over a profit warning were unfounded.

According to Daimler, it is maintaining its profit forecast for its divisions for the full year 2014. The German car-making group remarked that it would review its guidance for 2014 industrial free cash flow -- considered a major factor for funding dividends -- after seeing it surge in the third quarter of the year.

Daimler has said that it expects full-year industrial free cash flow, adjusted for acquisitions and disposals, to drop from EUR3.2 billion posted logged in 2013. For the third quarter of the year, adjusted industrial free cash flow jumped from EUR1.6 billion to around EUR2.9 billion.

During the period, Mercedes sold over 412,000 vehicles for a year-on-year growth of around 12 percent. The surge in Mercedes deliveries was attributed to the launch of new models and increasing demand in China.

Topics: mercedes-benz, sales

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

Your 2017 Volkswagen Golf Facelift could get as sporty looking as the Golf R with the new R-Line packages. But without the sporty run and the premium price. Set to...
by - January 17, 2017
Whether or not you’re a tech addict, you realize that the digital revolution is now moving at high speed. Before you know it, there’s already a new one on the...
by - January 17, 2017
We really couldn’t deny that quite a number of Audi customers and would-be-buyers are intently waiting for higher performance RS versions of the Audi A4 and A5. Of course, these...
by - January 17, 2017
The Chevrolet Cruze is coming to Australia. But it won’t be known as the Chevrolet Cruze. Instead, it will bear the Holden badge and get the Astra moniker. The 2017...
by - January 17, 2017
As expected, four years after the current generation of the BMW 4 Series was introduced in 2013 with the BMW 4 Series Coupe, the German premium carmaker is implementing a...
by - January 17, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries