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<blockquote data-quote="Weather Man" data-source="post: 16611395" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3684991-daimler-raises-margin-outlook-on-strong-q1-results" target="_blank">Daimler raises margin outlook on strong Q1 results</a></p><ul> <li data-xf-list-type="ul">Daimler AG (<a href="https://seekingalpha.com/symbol/DMLRY" target="_blank">OTCPK<img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite8" alt=":D" title="Big Grin :D" loading="lazy" data-shortname=":D" />MLRY</a>) reports total unit sales growth of 13% to 728,600 cars and commercial vehicles, due to the recovery of the global economy combined with an attractive vehicle portfolio.</li> <li data-xf-list-type="ul">Sales by the Mercedes-Benz Cars & Vans division increased by 15% to 627,300 vehicles; Daimler Trucks & Buses division up 4% to 101,300 vehicle.</li> <li data-xf-list-type="ul">Daimler Mobility's new business increased by 4% to €16.8B.</li> <li data-xf-list-type="ul">The adjusted free cash flow of the industrial business rebounded to €2.8B.</li> <li data-xf-list-type="ul">Harald Wilhelm, Chief Financial Officer of Daimler AG:</li> <li data-xf-list-type="ul">"Deliveries, revenues and profits increased significantly, particularly thanks to tailwinds in China, a strong product mix and favorable pricing, supported by industrial performance enhancements and cost control. After this promising start, we are very confident that we can keep up the pace to improve our margins on a sustainable basis and at the same time expand our electric vehicle line-up."</li> <li data-xf-list-type="ul">Mercedes-Benz Cars & Vans and Daimler Mobility expect higher margins in 2021.</li> <li data-xf-list-type="ul">The transaction and the listing of Daimler Truck spin-off on the Frankfurt Stock Exchange are well on track and expected to be completed before year-end 2021.</li> <li data-xf-list-type="ul">The company continues to anticipate Group unit sales, revenues and EBIT in 2021 to be significantly above Y/Y.</li> <li data-xf-list-type="ul">The current worldwide supply shortage of semiconductor chips affected deliveries in Q1, which could further impact sales in Q2.</li> <li data-xf-list-type="ul">For FY2021, Mercedes-Benz Cars & Vans: adjusted return on sales of 10 - 12%; Daimler Trucks & Buses: adjusted return on sales of 6 - 7%; Daimler Mobility: adjusted return on equity of 14 - 15%.</li> <li data-xf-list-type="ul">The adjusted cash conversion rate for the Mercedes-Benz Cars & Vans division in 2021 is expected to be between 0.7 and 0.9 and for Daimler Trucks & Buses between 0.8 and 1.0.</li> <li data-xf-list-type="ul">The adjusted free cash flow of the industrial business is now expected to be near year ago level despite <a href="https://seekingalpha.com/pr/18284849-daimler-raises-margin-targets-based-on-strong-first-quarter-performance" target="_blank">higher cash taxes</a>.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16611395, member: 137766"] [URL='https://seekingalpha.com/news/3684991-daimler-raises-margin-outlook-on-strong-q1-results']Daimler raises margin outlook on strong Q1 results[/URL] [LIST] [*]Daimler AG ([URL='https://seekingalpha.com/symbol/DMLRY']OTCPK:DMLRY[/URL]) reports total unit sales growth of 13% to 728,600 cars and commercial vehicles, due to the recovery of the global economy combined with an attractive vehicle portfolio. [*]Sales by the Mercedes-Benz Cars & Vans division increased by 15% to 627,300 vehicles; Daimler Trucks & Buses division up 4% to 101,300 vehicle. [*]Daimler Mobility's new business increased by 4% to €16.8B. [*]The adjusted free cash flow of the industrial business rebounded to €2.8B. [*]Harald Wilhelm, Chief Financial Officer of Daimler AG: [*]"Deliveries, revenues and profits increased significantly, particularly thanks to tailwinds in China, a strong product mix and favorable pricing, supported by industrial performance enhancements and cost control. After this promising start, we are very confident that we can keep up the pace to improve our margins on a sustainable basis and at the same time expand our electric vehicle line-up." [*]Mercedes-Benz Cars & Vans and Daimler Mobility expect higher margins in 2021. [*]The transaction and the listing of Daimler Truck spin-off on the Frankfurt Stock Exchange are well on track and expected to be completed before year-end 2021. [*]The company continues to anticipate Group unit sales, revenues and EBIT in 2021 to be significantly above Y/Y. [*]The current worldwide supply shortage of semiconductor chips affected deliveries in Q1, which could further impact sales in Q2. [*]For FY2021, Mercedes-Benz Cars & Vans: adjusted return on sales of 10 - 12%; Daimler Trucks & Buses: adjusted return on sales of 6 - 7%; Daimler Mobility: adjusted return on equity of 14 - 15%. [*]The adjusted cash conversion rate for the Mercedes-Benz Cars & Vans division in 2021 is expected to be between 0.7 and 0.9 and for Daimler Trucks & Buses between 0.8 and 1.0. [*]The adjusted free cash flow of the industrial business is now expected to be near year ago level despite [URL='https://seekingalpha.com/pr/18284849-daimler-raises-margin-targets-based-on-strong-first-quarter-performance']higher cash taxes[/URL]. [/LIST] [/QUOTE]
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