The carmaker’s profit was surprisingly high in the quarter. Analysts expected a profit of about one billion euros (27.3 billion crowns) lower.
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The Mercedes-Benz division achieved an operating profit (EBIT) of 2.1 billion euros (49 billion euros) in the third quarter. She thus exceeded expectations even more than the group as a whole. Analysts expected a profit of 1.3 billion euros (30.34 billion crowns).
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In the second quarter, the group reported an operating loss of 1.68 billion euros (39.2 billion crowns). The group subsequently specified the details of its austerity measures – it will eliminate a total of 15,000 jobs worldwide.
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At that time, Daimler also decided to reduce the dividend from EUR 3.25 (at the then price of CZK 81.20) to EUR 0.9 (at the then price of CZK 22.50) per share.
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In addition to the Mercedes-Benz brand, the Daimler Group includes, for example, the Detroit Diesel and Setra. In addition, the carmaker has a minority stake in Kamaz, Russia.
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