Daimler Lowers 2019 Earnings Outlook on Governmental Proceedings
June 24 2019 - 1:48AM
Dow Jones News
By Anthony Shevlin
Daimler AG (DAI.XE) adjusted its full-year earnings expectations
late Sunday due to an expected increase in expenses relating to
ongoing governmental proceedings and measures regarding
Mercedes-Benz diesel vehicles.
The German car maker sees a "high three-digit million" euro hit
in the second quarter, which will be taken into account in its
earnings before interest and taxes.
Daimler now expects 2019 EBIT to be in line with the year
previous. Daimler previously guided for slight growth in its
EBIT.
The company sees a return on sales of Mercedes-Benz vans between
minus 4% and minus 2%.
Write to Anthony Shevlin at anthony.shevlin@dowjones.com;
@anthony_shevlin
(END) Dow Jones Newswires
June 24, 2019 01:33 ET (05:33 GMT)
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