Daimler's 1st-quarter profit slips without one-time gains

Tue Apr 29, 2008 6:53 AM EDT

business, germany, earnings, daimler, automaker-daimler-ag

BERLIN — Automaker Daimler AG says its first-quarter profit slipped from last year, when its results were lifted by a one-time gain from the transfer of shares in Airbus parent EADS.

Stuttgart-based Daimler says it earned 1.3 billion euros ($2.03 billion) from January to March compared with 1.9 billion euros in the same period a year earlier.

Sales were up slightly to 23.5 billion euros ($36.7 billion) in the first quarter. That compares to 23.4 billion euros a year ago.

The company's Mercedes-Benz luxury car unit posted a record 17 percent sales increase for the quarter, to 318,300 cars sold.

0 Votes
Enjoy this article? Help vote it up the 'Vine.

Published to:

Associated Press's Column, All of Newsvine
Groups: none
Regions: Germany , Berlin

Public Discussion (0)

{"canLink":false,"threadId":0,"isPrivate":false}

Leave a Comment:

You're in Easy Mode. If you prefer, you can use XHTML Mode instead.

Newsvine Privacy Statement

As a new user, you may notice a few temporary content restrictions. Click here for more info.

{"threadId":0,"contentId":"1459073"}

Start Tracking

Stop Tracking

Backyard

Daimler's 1st-quarter profit slips without one-time gains

Published to:

FUN STUFF:

COMPANY STUFF:

LEGAL STUFF:

Deutsche Bank reports 1Q loss on $4.2 billion in write-downs	Associated Press	Tue Apr 29
Siemens' 2Q profit slides, major business projects slump	Associated Press	Wed Apr 30
BP 1Q profit rises 63 percent on record oil prices	Associated Press	Tue Apr 29