RSS   Newsletter   Contact   Advertise with us

Daimler revenue slipped significantly 29%

Christian Fernsby ▼ | July 23, 2020
Daimler reported its results for the second quarter, which ended June 30, 2020.
Daimler busses Vietnam
Figures   Daimler busses Vietnam
The key figures were strongly influenced by the corona pandemic and the resulting decline in demand for cars, vans, trucks and buses.

Topics: Daimler

The Group's total unit sales decreased by 34% to 541,800 passenger cars and commercial vehicles (Q2 2019: 821,700).

Revenue slipped significantly 29% to €30.2 billion (Q2 2019: €42.7 billion).

EBIT was minus €1,682 million (Q2 2019: minus €1,558 million).

Adjusted EBIT, reflecting the underlying business, was minus €708 million (Q2 2019: plus €2,447 million).

Net loss was €1,906 million (Q2 2019: net loss of €1,242 million).

Industrial free cash flow was positive in the quarter, and industrial net liquidity remained on a solid level versus first quarter 2020.