20.06.2018
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DGAP-Adhoc: Daimler AG:
DGAP-Ad-hoc: Daimler AG / Key word(s): Profit Warning
Daimler AG:
20-Jun-2018 / 22:05 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Contact:
Hendrik Sackmann
Tel.: +49 (0)711 17 35014
[email protected]
Ad-hoc Release
June 20, 2018
Daimler adapts earnings expectations
Stuttgart (Germany) - Today, due to current developments, Daimler AG has
made a new assessment of the earnings potential for the year 2018. From
today's perspective, the decisive factor is that, at Mercedes-Benz Cars,
fewer than expected SUV sales and higher than expected costs - not
completely passed on to the customers - must be assumed because of increased
import tariffs for US vehicles into the Chinese market. This effect cannot
be fully compensated by the reallocation of vehicles to other markets. As
another decisive factor, a negative effect on earnings is to be expected in
the second half of the year in connection with the new certification process
WLTP (Worldwide Harmonized Light Vehicles Test Procedure). Furthermore,
earnings at Mercedes-Benz Vans are affected in connection with the recall of
diesel vehicles. Additionally, earnings at Daimler Buses are negatively
affected by the declining demand in Latin America.
As a result, Daimler has now the following expectations for EBIT in the year
2018:
Mercedes-Benz Cars: slightly below the previous year,
Mercedes-Benz Vans: significantly below the previous year's level,
Daimler Buses: in the magnitude of the previous year and
Daimler Group: slightly below the previous year's level.
The operating result EBIT represents earnings before interest and taxes.
Contact:
Jörg Howe, + 49 711 17-41341, [email protected]
Hendrik Sackmann, +49 711 17-35014, [email protected]
Silke Walters, +49 711 17-40624, [email protected]
Further information from Daimler is available at:
www.media.daimler.com and www.daimler.com
This document contains forward-looking statements that reflect our current
views about future events. The words "anticipate," "assume," "believe,"
"estimate," "expect," "intend," "may," "can," "could," "plan," "project,"
"should" and similar expressions are used to identify forward-looking
statements. These statements are subject to many risks and uncertainties,
including an adverse development of global economic conditions, in
particular a decline of demand in our most important markets; a
deterioration of our refinancing possibilities on the credit and financial
markets; events of force majeure including natural disasters, acts of
terrorism, political unrest, armed conflicts, industrial accidents and their
effects on our sales, purchasing, production or financial services
activities; changes in currency exchange rates; a shift in consumer
preferences towards smaller, lower-margin vehicles; a possible lack of
acceptance of our products or services which limits our ability to achieve
prices and adequately utilize our production capacities; price increases for
fuel or raw materials; disruption of production due to shortages of
materials, labor strikes or supplier insolvencies; a decline in resale
prices of used vehicles; the effective implementation of cost-reduction and
efficiency-optimization measures; the business outlook for companies in
which we hold a significant equity interest; the successful implementation
of strategic cooperations and joint ventures; changes in laws, regulations
and government policies, particularly those relating to vehicle emissions,
fuel economy and safety; the resolution of pending government investigations
or of investigations requested by governments and the conclusion of pending
or threatened future legal proceedings; and other risks and uncertainties,
some of which we describe under the heading "Risk and Opportunity Report" in
the current Annual Report. If any of these risks and uncertainties
materializes or if the assumptions underlying any of our forward-looking
statements prove to be incorrect, the actual results may be materially
different from those we express or imply by such statements. We do not
intend or assume any obligation to update these forward-looking statements
since they are based solely on the circumstances at the date of publication.
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20-Jun-2018 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: Daimler AG
Mercedesstrasse 137
70327 Stuttgart
Germany
Phone: +49 (0)711 179 22 61
Fax: +49 (0)711 179 40 75
E-mail: [email protected]
Internet: www.daimler.com
ISIN: DE0007100000
WKN: 710000
Indices: DAX, EURO STOXX 50
Listed: Regulated Market in Frankfurt (Prime Standard), Stuttgart;
Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Hanover, Munich, Tradegate Exchange
End of Announcement DGAP News Service
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697469 20-Jun-2018 CET/CEST
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