Daimler’s earnings forecast declines

Author: Mario Schmidtgen
Date: 25.06.2019

Costs of the diesel affair are the reason for this

Due to the diesel affair and the resulting three-digit million euro amount for official proceedings and measures for diesel cars, it is predicted that the Group’s earnings before interest and taxes for the year as a whole will only reach the previous year’s level. This was announced by the company on Sunday in Stuttgart.

Daimler had previously hoped for a slight increase in earnings, which would have meant an increase of 5 to 15 percent. The van division with its small commercial vehicles is also expected to make rather a loss than a profit this year.

On Friday, the Federal Motor Transport Authority ordered a recall for Mercedes-Benz GLK 220 models. Reason: In the context of the investigations with various manufacturers an inadmissible switch-off device of the exhaust gas purification was determined with these models.