analytics5f89a4bc6498f.jpg

The company began to sell more of its products and cut costs, receiving more than 5.1 billion euros in profit, while analysts predicted only 3 billion euros. It is important to note that all of the passenger car, vans and truck divisions have shown good earnings before interest and taxes.

In addition, the company received a huge € 1.2 billion dividend from its operations in China.

The company also said it expects positive dynamics to continue in the fourth quarter after a particularly strong September.

There are speculations that there will be new statements about higher profits for other automakers. The company’s results are released on the day that car registrations in Europe rose for the first time in 2020 over the same period last year. This probably means that the worst part of the pandemic is really over. The STOXX 600 Autos & Parts Index rose 2.1% in response.

The absence of new restrictive measures in Europe also confirms the company’s statement of continued profit growth in the fourth quarter.

There is also reason to believe that there are some shortcomings in Daimler’s sales structure: the company’s announcement earlier this month to accelerate the move to electric vehicles only acknowledges that the company is still lagging behind in this regard.

The material has been provided by InstaForex Company – www.instaforex.com

Leave your vote

🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.

As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.