Daimler AG Reports Greatly Improved Third Quarter in 2013

Dieter Zetsche 1 photo
Photo: Daimler AG
Compared with the third quarter of 2012, Daimler AG (ticker symbol DAI) improved their earnings this year by a rather considerable amount.
The Daimler Group's EBIT for the time between July through September reached EUR 2,231 million, while in the same period of last year they had achieved “just” EUR 1,923 million. The net profit amounted to EUR 1,897 million compared with last year's EUR 1,238 million, while the earnings per share were EUR 1.72 (Q3 in 2012 just EUR 1.06).

“Our earnings continued improving in the third quarter, compared with the year to date and compared with the prior-year period. This shows that the high investments we have made were money well spent. We will continue to invest in products and production sites in order to secure the Group’s sustainable medium and long-term success,” stated the magic mustache man Dr. Dieter Zetsche, Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars.

The main reason for the significantly-improved figures seem to have happened due to the good development of vehicle sales by the automotive divisions of the Daimler Group and the increasing impact of efficiency programs. Daimler Financial Services had the same EBIT compared to the prior year.
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About the author: Alex Oagana
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Alex handled his first real steering wheel at the age of five (on a field) and started practicing "Scandinavian Flicks" at 14 (on non-public gravel roads). Following his time at the University of Journalism, he landed his first real job at the local franchise of Top Gear magazine a few years before Mircea (Panait). Not long after, Alex entered the New Media realm with the project.
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