Dieselgate and the Takata airbag problem resulted in provisions of some €3.5bn in H1 19 and management is now arguing that another €0.3bn were needed for the portfolio optimisation of Vans in Q4 19. Finally, €0.3bn of restructuring costs were added to Mobility which is the consequence of terminating the car sharing offer in North America and several European cities as it has been unprofitable.
22 Jan 2020
Another €0.6bn of ‘one-offs’ burdened preliminary 2019 EBIT
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Another €0.6bn of ‘one-offs’ burdened preliminary 2019 EBIT
Mercedes-Benz Group AG (MBG:WBO) | 0 0 0.5% | Mkt Cap: 77,349m
- Published:
22 Jan 2020 -
Author:
Hans-Peter Wodniok -
Pages:
2
Dieselgate and the Takata airbag problem resulted in provisions of some €3.5bn in H1 19 and management is now arguing that another €0.3bn were needed for the portfolio optimisation of Vans in Q4 19. Finally, €0.3bn of restructuring costs were added to Mobility which is the consequence of terminating the car sharing offer in North America and several European cities as it has been unprofitable.