- Daimler Truck’s preliminary adjusted EBIT for Q2 is €1.17 billion, slightly below the estimate of €1.22 billion.
- Trucks North America outperformed expectations with adjusted EBIT of €875 million, against an estimate of €761.6 million.
- Mercedes-Benz fell short of predictions with adjusted EBIT of €299 million, compared to the expected €397 million.
- Trucks Asia reported a substantial EBIT loss of €82 million, while a profit of €49.3 million was anticipated.
- Daimler Truck faced a €120 million impairment due to weak market development in China, which affected their joint venture there.
- Daimler Truck’s year guidance is under review owing to ongoing challenges in the Chinese market.
- If excluding one-time impacts, the Q2 Industrial Business adjusted return on sales (ROS) would have been 10.2%; however, it stands at 9.3%.
- Strong performance was observed in Trucks North America and Daimler Buses, exceeding market forecasts.
- Segments like Mercedes-Benz and Financial Services did not meet market expectations for the quarter.
- The Q2 preliminary adjusted free cash flow for the Industrial Business is -€285 million.
- Analyst ratings include 18 buys, 2 holds, and 0 sells.
A look at Mercedes-Benz Group Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Mercedes-Benz Group AG, a leading automobile company, has garnered impressive Smart Scores across various key factors. With a top score of 5 in both Value and Dividend, the company demonstrates strong financial health and investor-friendly policies. Furthermore, its Growth score of 4 reflects promising potential for expansion and development in the long run. However, Mercedes-Benz Group scores lower in Resilience and Momentum, with scores of 2 and 3 respectively, indicating some areas of vulnerability and slower market traction.
Overall, based on the Smart Scores provided, Mercedes-Benz Group presents a solid outlook for long-term investors, particularly in terms of value and dividend attractiveness. While there are areas for improvement in terms of resilience and momentum, the company’s strong foundation and growth prospects position it favorably in the competitive automotive industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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