Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Xetra  >  Daimler AG    DAI   DE0007100000

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

VW trucks division targets strong profitability gain in 2017

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/20/2017 | 03:20pm CET
The Volkswagen logo is seen during the 87th International Motor Show at Palexpo in Geneva

Volkswagen's (>> Volkswagen AG) truck division aims to significantly increase its profitability this year as deepening cooperation between the MAN and Scania brands and improving overseas markets spur business, it said on Monday.

Volkswagen's (>> Volkswagen AG) truck division aims to significantly increase its profitability this year as deepening cooperation between the MAN and Scania brands and improving overseas markets spur business, it said on Monday.

Volkswagen (VW), which launched a new truck & bus division in 2015 to challenge global rivals Daimler (>> Daimler AG) and Volvo (>> Volvo AB), is targeting a long-term operating margin target of 9 percent, up from 6.1 percent last year.

"We are not striving to become a volume champion, we want to be the most profitable ones," chief executive Andreas Renschler told journalists, referring to improving markets in Western Europe, Russia and China.

But finance chief Matthias Gruendler made clear a significant improvement in financial results requires a rebound in the key Brazilian market where the VW division commands a 37-percent share of the country's commercial-vehicles market.

Overall truck and bus sales in Brazil have been falling for four years but demand is expected to rebound slightly in the second half of the year amid the improving economy with a chance for stronger growth in 2018, Gruendler said.

"Brazil has always been an important market and is characterized by a high degree of cyclicality," chief executive Andreas Renschler said.

Under Renschler, who ran Daimler Trucks before joining VW in February 2015, Europe's largest automotive group has also been seeking to expand its footprint in international truck markets.

Last year, VW announced a stake purchase in U.S. truck maker Navistar International Corp (>> Navistar International Corp) which may earn the German group access to the vast North American truck market, and is also in talks about finding a new partner in China.

"We are currently in discussions about different opportunities," Renschler said. "All options are open" including a possible increase in MAN's (>> Man SE) stake in China's Sinotruk (>> Sinotruk (Hong Kong) Limited) and finding a new partner.

(Reporting by Andreas Cremer and Irene Preisinger; Editing by Maria Sheahan)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on DAIMLER AG
02:58p Exclusive - EIB asks French diesel inquiry to probe Renault's use of loans
01:24p Germany increases electric car charging points 27 percent in 2016
01:17p BMW China venture's vehicle sales to rise 20 percent in 2017
10:06a MERCEDES-BENZ VANS SALES GERMANY : Major order: delivery of the first of a total..
03:03a DAIMLER : China's Chery files trademark complaint against Mercedes over green ca..
03/23DJDAIMLER : Faces Diesel-Engine Fraud Investigation in Germany-2nd Update
03/23DJDAIMLER : Faces Diesel-Engine Fraud Investigation in Germany--Update
03/23 DAIMLER : DTNA appoints Roger Nielsen as president, CEO
03/23 DAIMLER : Trucks North America names new CEO
03/23DJDAIMLER : Faces Fraud Investigation Into Sales of Diesel-Powered Cars
More news
Sector news : Auto & Truck Manufacturers - NEC
02:58p Exclusive - EIB asks French diesel inquiry to probe Renault's use of loans
01:28p VOLKSWAGEN : German environmental lobby sues motor authority over VW scandal
01:24p Germany increases electric car charging points 27 percent in 2016
01:17p BMW China venture's vehicle sales to rise 20 percent in 2017
07:48aDJFORD MOTOR : Offers Guarded View On Afability of Leases -- WSJ
More sector news : Auto & Truck Manufacturers - NEC
News from SeekingAlpha
03/23 Ford adjusts to new auto landscape
03/20 BMW : Record Profits, Record Sales, High Yield Yet Stock Price Drops
03/16 Volkswagen To Launch 30 New All-Electric Cars - Yes, 30
03/16 DAIMLER FEBRUARY EUROPEAN CAR REGIST : +1%
03/15 EPA confirms it will re-examine vehicle emission rules
Advertisement
Financials (€)
Sales 2017 157 596 M
EBIT 2017 13 879 M
Net income 2017 9 185 M
Debt 2017 8 390 M
Yield 2017 4,84%
P/E ratio 2017 8,24
P/E ratio 2018 8,25
EV / Sales 2017 0,53x
EV / Sales 2018 0,55x
Capitalization 75 509 M
More Financials
Chart DAIMLER AG
Duration : Period :
Daimler AG Technical Analysis Chart | DAI | DE0007100000 | 4-Traders
Full-screen chart
Technical analysis trends DAIMLER AG
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 31
Average target price 75,9 €
Spread / Average Target 7,6%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Dieter Zetsche Chairman-Management Board & CEO
Manfred Bischoff Chairman-Supervisory Board
Jan Brecht Chief Information Officer
Ola Kaellenius Head-Group Research & Member-Management Board
Clemens A. H. Boersig Member-Supervisory Board
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
DAIMLER AG-0.20%81 273
TOYOTA MOTOR CORP-10.43%180 499
VOLKSWAGEN AG2.17%74 627
BAYERISCHE MOTOREN WER..-6.39%58 007
HONDA MOTOR CO LTD0.70%55 860
GENERAL MOTORS COMPANY-1.66%51 320
More Results