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Daimler : Mercedes-Benz September Sales Boosted by China

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10/06/2017 | 10:58am CEST
   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 2017 163 B
EBIT 2017 14 514 M
Net income 2017 9 891 M
Finance 2017 18 084 M
Yield 2017 4,99%
P/E ratio 2017 7,52
P/E ratio 2018 7,67
EV / Sales 2017 0,34x
EV / Sales 2018 0,38x
Capitalization 74 161 M
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Mean consensus OUTPERFORM
Number of Analysts 31
Average target price 74,6 €
Spread / Average Target 7,7%
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Managers
NameTitle
Dieter Zetsche Chairman-Management Board
Manfred Bischoff Chairman-Supervisory Board
Jan Brecht Chief Information Officer
Ola Kaellenius Head-Group Research
Clemens A. H. Boersig Member-Supervisory Board
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