The group’s divisional EBIT numbers were about in line with our projections, except for Vans. Costs associated with Daimler’s own Dieselgate plus Takata recall costs have resulted in another €1bn loss in Q4 19 and, consequently, the full-year number was a loss of more than €3bn on revenue of slightly less than €15bn. As a result, Daimler’s consolidated EBIT is a good €1bn below our projection.
11 Feb 2020
Vans was an absolute disaster in 2019
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Vans was an absolute disaster in 2019
Mercedes-Benz Group AG (MBG:WBO) | 0 0 0.5% | Mkt Cap: 77,349m
- Published:
11 Feb 2020 -
Author:
Hans-Peter Wodniok -
Pages:
3
The group’s divisional EBIT numbers were about in line with our projections, except for Vans. Costs associated with Daimler’s own Dieselgate plus Takata recall costs have resulted in another €1bn loss in Q4 19 and, consequently, the full-year number was a loss of more than €3bn on revenue of slightly less than €15bn. As a result, Daimler’s consolidated EBIT is a good €1bn below our projection.