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Daimler Q3 sales decreased 8%

Christian Fernsby ▼ | October 23, 2020
Daimler reported its results for the third quarter, which ended September 30, 2020.
Daimler insurance services
Daimler   Sales decreased to 772,700 cars
The key figures reflect a good performance based on improving markets and strong products, combined with diligent cost discipline and extensive cash-preservation measures.

Topics: Daimler

The Group’s total unit sales decreased 8% to 772,700 cars and commercial vehicles (Q3 2019: 839,300) and revenue slipped by 7% to €40.3 billion (Q3 2019: €43.3 billion).

EBIT increased by 14% to €3,070 million (Q3 2019: €2,690 million).

Adjusted EBIT, reflecting the underlying business, was €3,479 million (Q3 2019: €3,142 million) and net profit was €2,158 million (Q3 2019: €1,813 million).

The high free cash flow of around € 5.1 billion in the quarter reflects the continuous efforts.