Daimler released 9M numbers and the negative surprise for us was the dismal cash generation. Cash from operations was a negative €1.8bn in Q3 which brought the ytd number to €-830m. Except for 2012, when the group burnt cash in an amount of €415m in the first nine months, Daimler has never burnt cash from January through to September since the beginning of this century. The group’s other numbers were obviously lower than we had anticipated but last week’s profit war
25 Oct 2018
Another negative surprise after last week’s profit warning
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Another negative surprise after last week’s profit warning
Mercedes-Benz Group AG (MBG:WBO) | 0 0 0.5% | Mkt Cap: 77,349m
- Published:
25 Oct 2018 -
Author:
Hans-Peter Wodniok -
Pages:
2
Daimler released 9M numbers and the negative surprise for us was the dismal cash generation. Cash from operations was a negative €1.8bn in Q3 which brought the ytd number to €-830m. Except for 2012, when the group burnt cash in an amount of €415m in the first nine months, Daimler has never burnt cash from January through to September since the beginning of this century. The group’s other numbers were obviously lower than we had anticipated but last week’s profit war