Daimler’s preliminary Q2 results included, as expected, a sizeable EBIT loss of €1.68bn. Nonetheless, the operating performance was not as bad as anticipated thanks to a strong June rebound. Moreover, it appears that diligent working capital management led to a surprising positive industrial FCF. As a result, concerns about a severe liquidity crunch should start to dissipate now that customer demand is on the road to recovery.
17 Jul 2020
Preliminary Q2 results: Cash burn who?
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Preliminary Q2 results: Cash burn who?
Mercedes-Benz Group AG (MBG:WBO) | 0 0 0.5% | Mkt Cap: 77,349m
- Published:
17 Jul 2020 -
Author:
Jorge Velandia -
Pages:
3
Daimler’s preliminary Q2 results included, as expected, a sizeable EBIT loss of €1.68bn. Nonetheless, the operating performance was not as bad as anticipated thanks to a strong June rebound. Moreover, it appears that diligent working capital management led to a surprising positive industrial FCF. As a result, concerns about a severe liquidity crunch should start to dissipate now that customer demand is on the road to recovery.