Daimler: Positive Trend From Prior Quarters to Continue in 1Q
31 Marzo 2021 - 2:26AM
Noticias Dow Jones
By Giulia Petroni
Daimler AG said Wednesday its first-quarter performance is set
to continue to benefit from the positive trend experienced in
previous quarters despite temporary bottlenecks for
semiconductors.
The German premium car maker said Mercedes-Benz's profitability
in the quarter will be supported by strong pricing and cost
control, with unit sales and revenue at Mercedes-Benz Cars &
Vans expected to be above that in the year-earlier period thanks to
the Chinese market and a strong product mix.
Profitability at Daimler Trucks is expected to be higher on year
in the first quarter, with incoming orders looking promising
especially in Europe and the U.S., according to the company. Unit
sales should remain flat on year despite the pandemic hit, it
said.
Daimler said semiconductor bottlenecks are affecting the supply
chain of its trucks-and-buses division, which is monitoring the
situation.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
March 31, 2021 04:11 ET (08:11 GMT)
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