Daimler Posts Higher Earnings in 3Q Despite Chip Woes
29 Octubre 2021 - 1:12AM
Noticias Dow Jones
By Kim Richters
Daimler AG said Friday that earnings for the third quarter
increased despite the semiconductor shortage that affected
production and sales.
Net profit for the quarter rose to 2.47 billion euros ($2.89
billion), from EUR2.05 billion a year earlier, the German premium
car maker said.
Earnings before interest and taxes increased 17% to EUR3.58
billion because of better product mix, revenue quality and tight
fixed costs control, it said.
Revenue edged lower to EUR40.08 billion from EUR40.28 billion as
the chip shortage hit production and vehicle sales in the
three-month period, it said.
For 2021, Daimler said it continues to expect group revenue and
EBIT significantly above prior-year levels.
Daimler said it expects component bottlenecks and supply-chain
constraints to continue to affect global auto production in the
fourth quarter. While the chip shortage should improve in the last
quarter of the year compared with the third, it should remain "an
issue" into 2022, it said.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
October 29, 2021 01:57 ET (05:57 GMT)
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