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DGAP-Adhoc: Daimler AG: Preliminary results for the third quarter 2020 above market expectations and positive impact for the remainder of the year 2020 expected

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DGAP-Ad-hoc: Daimler AG / Key word(s): Preliminary Results
Daimler AG: Preliminary results for the third quarter 2020 above market
expectations and positive impact for the remainder of the year 2020 expected

15-Oct-2020 / 22:01 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

*Preliminary results for the third quarter 2020 above market expectations
and positive impact for the remainder of the year 2020 expected*

Stuttgart, Germany - Daimler has seen a faster than expected market recovery
and a particularly strong September performance. This, combined with
diligent cost discipline, extensive cash preservation measures and further
efficiency enhancements means that Industrial Free Cash Flow, Daimler Group
EBIT adjusted, Mercedes-Benz Cars and Vans EBIT adjusted, Daimler Trucks and
Buses EBIT adjusted and Daimler Mobility EBIT adjusted are all significantly
above market expectations for the third quarter of 2020.

The following stated figures for the third quarter 2020 are preliminary and

- Industrial Free Cash Flow: &euro 5,139 million (consensus: &euro 2,973
Industrial Free Cash Flow adjusted &euro 5,345 million (consensus: n/a)

- Net Industrial Liquidity: &euro 13.1 billion (Q2-20: &euro9.5 billion)

- Daimler Group EBIT: &euro 3,071 million (consensus: &euro 1,950 million);
EBIT adjusted: &euro 3,480 million (consensus: &euro 2,498 million)

- Mercedes-Benz Cars & Vans EBIT: &euro 2,118 million (consensus: &euro
1,320 million);
EBIT adjusted: &euro 2,417 million (consensus: &euro 1,782 million)
Return on Sales (RoS) adjusted: 9.4% (consensus: 6.5%)

- Daimler Trucks & Buses EBIT: &euro 541 million (consensus: &euro 350
adjusted EBIT: &euro 603 million (consensus: &euro 400 million)
Return on Sales (RoS) adjusted: 6.5% (consensus: 4.3%)

- Daimler Mobility EBIT: &euro 590 million (consensus: &euro 381 million);
adjusted EBIT: &euro 602 million (consensus: &euro 406 million)
Return on Equity (RoE) adjusted: 16.5%

The preliminary results include the following adjustments affecting EBIT:

- Expenses of &euro 407 million mainly for ongoing efficiency programs and
including &euro 68 million for adjustment and realignment of capacities
within the global production network in connection with the intended sale of
the car plant in Hambach.

- Total of legal proceedings and related measures for Daimler Group: &euro

Given the development of the third quarter, Daimler also expects a positive
impact for the remainder of the year, however with the fourth quarter 2020
to show the usual year-end seasonality pattern. Please note this statement
is made under the assumption of no further COVID-19 lockdowns.

Accordingly, Daimler expects to publish an updated guidance for the
financial year 2020 together with its quarter results on October 23, 2020.

EBIT, EBIT adjusted, RoS adjusted, RoE adjusted, Industrial Free Cash Flow
and Industrial Free Cash Flow adjusted are defined on pp. 64 and 73 of the
Daimler Annual Report 2019.

Jörg Howe, +49 711 17 41341, joerg.howe@daimler.com
Hendrik Sackmann, +49 711 17 35014, hendrik.sackmann@daimler.com
Matthias Krust, +49 160 8653505, matthias.krust@daimler.com

Hendrik Sackmann
Tel.: +49 (0)711 17 35014

15-Oct-2020 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: Daimler AG
Mercedesstrasse 120
70372 Stuttgart
Phone: +49 (0)711 17-0
Fax: +49 (0)711 179 40 75
E-mail: ir.dai@daimler.com
Internet: www.daimler.com
ISIN: DE0007100000
WKN: 710000
Indices: DAX, EURO STOXX 50
Listed: Regulated Market in Frankfurt (Prime Standard), Stuttgart;
Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg,
Hanover, Munich, Tradegate Exchange
EQS News ID: 1141249

End of Announcement DGAP News Service

1141249 15-Oct-2020 CET/CEST

(END) Dow Jones Newswires

October 15, 2020 16:01 ET ( 20:01 GMT)

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