Daimler Profit Rises on Mercedes-Benz Demand

Daimler Profit Rises on Mercedes-Benz Demand
April 27 (Bloomberg) -- Daimler AG (DAI) reported an unexpected increase in first-quarter profit as record deliveries of Mercedes-Benz cars helped offset higher spending for model introductions and a new factory.

Earnings before interest and taxes gained 4.9 percent to 2.13 billion euros ($2.81 billion) from 2.03 billion euros a year ago, the Stuttgart, Germany-based company said today. Profit beat the 1.94 billion-euro average estimate of eight analysts surveyed by Bloomberg. Sales rose 9.2 percent to 27 billion euros.


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BenzTROLLBenzTROLL - 4/28/2012 1:05:44 AM
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