Daimler AG reported preliminary earnings before interest and taxes of 3.07 billion euros, against a EUR1.95 billion consensus forecast provided by the company. EBIT for its Mercedes-Benz Cars & Vans division came in at EUR2.12 billion, the company said, against a EUR1.32 billion consensus forecast. Daimler Trucks & Buses reported an EBIT of EUR541 million, the company said, compared with consensus expectations of EUR350 million. "Daimler Says 3Q Beat Views; Expects Strong 4Q," on Friday, incorrectly reported the consensus figures for group EBIT, Mercedes-Benz Cars & Vans division EBIT and Daimler Trucks & Buses division EBIT. The incorrect consensus figures for group EBIT and for Mercedes-Benz Cars & Vans division EBIT, also appeared in another story on Friday, "Daimler Shares Gain After 3Q Results That Support Sector". The correct version follows:

 
 
   By Cecilia Butini 
 

Daimler AG said late on Thursday that its preliminary figures for the third quarter came in above market consensus, and that it expects a strong remainder of 2020.

The German car maker reported preliminary earnings before interest and taxes of 3.07 billion euros ($3.6 billion), against a EUR1.95 billion consensus forecast provided by the company.

EBIT for its Mercedes-Benz Cars & Vans division came in at EUR2.12 billion, the company said, against a EUR1.32 billion consensus forecast.

Daimler Trucks & Buses reported an EBIT of EUR541 million, the company said, compared with consensus expectations of EUR350 million.

Daimler Mobility's EBIT clocked in at EUR590 million against an EUR381 million consensus, Daimler said.

The company said it expects to provide an updated full-year guidance together with quarterly results on October 23.

The company added that its positive expectations for the fourth quarter are under the assumption that no further lockdowns are implemented to curb the spread of the coronavirus.

 

Write to Cecilia Butini at cecilia.butini@wsj.com

 

(END) Dow Jones Newswires

October 22, 2020 10:35 ET (14:35 GMT)

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