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DAIMLER (DAI)
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Daimler : Mercedes-Benz September Sales Boosted by China

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10/06/2017 | 10:58am CET
   By Marc Navarro Gonzalez 
 

Daimler AG (DAI.XE) said on Friday that its Mercedes-Benz group sold 3.7% more vehicles in September, with increased SUV sales and a rise in Chinese demand.

Daimler said its Mercedes-Benz group sales in September rose to 233,655 units. The Mercedes-Benz brand had sales of 220,894 units, up 5%, while smart cars sales declined 9% to 12,761 units.

The Chinese market boosted September sales, with a gain of 11%. However, sales in the U.S. were down 1.7%.

The company said its SUV car segment reached an all-time high, rising 15%, due to solid sales of the GLA, the GLC, the GLC Coupe and the G-Class models.

"In September, we delivered more than 78,000 SUVs to customers, surpassing our previous best mark by more than 7,500 units," said Britta Seeger, who is responsible for Mercedes-Benz Cars Marketing & Sales.

Write to Marc Navarro Gonzalez at [email protected]

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Financials (€)
Sales 2018 170 B
EBIT 2018 14 511 M
Net income 2018 10 098 M
Finance 2018 21 134 M
Yield 2018 5,18%
P/E ratio 2018 7,48
P/E ratio 2019 7,29
EV / Sales 2018 0,32x
EV / Sales 2019 0,30x
Capitalization 75 252 M
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Mean consensus HOLD
Number of Analysts 31
Average target price 79,4 €
Spread / Average Target 13%
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Managers
NameTitle
Dieter Zetsche Chairman-Management Board
Manfred Bischoff Chairman-Supervisory Board
Bodo K. Uebber Head-Finance & Controlling
Clemens A. H. Boersig Member-Supervisory Board
Sari Maritta Baldauf Member-Supervisory Board
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