DGAP-Adhoc: Daimler AG:
16-May-2018 / 21:15 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.
Tel.: +49 (0)711 17 35014
May 16, 2018
*Agreement in Principle on Settlement of Litigation concerning Toll Collect
- Possible Implications for Financial Indicators*
Stuttgart - Today, Daimler AG (through its subsidiary Daimler Financial
Services AG) has reached a commercial agreement in principle with Deutsche
Telekom AG and the German Federal Government concerning a comprehensive
settlement of the litigation concerning Toll Collect that has been pending
A final settlement agreement is to include a final resolution of all
litigation proceedings concerning Toll Collect. The agreement shall cover
all claims that were raised in this context. It is to be expected that
Daimler Group will face payment obligations amounting to approximately EUR
0.6 billion in case of a settlement.
The final agreement on a settlement agreement and its precise content are
subject to further negotiation between the parties. A binding settlement
would require, besides agreement on a final settlement agreement, consent of
the respective decision making bodies of the involved parties, in particular
consent of the executive boards and the supervisory boards of Daimler AG and
Daimler Financial Services AG. It is intended to also involve the
arbitration tribunal in the conclusion of the settlement agreement. Daimler
AG regards a swift settlement of the arbitration proceedings after a very
long time to be reasonable for all involved parties and
co-operates constructively in order to implement the current commercial
agreement in everybody's interest.
At the level of Daimler Group, a settlement could have a one-time negative
EBIT effect in the magnitude of EUR0.6 billion that would impact the Daimler
Group result in the current quarter and would be taken into consideration at
Daimler Financial Services. Based on this negative one-time effect, Daimler
now assumes that the result of Daimler Financial Services in 2018 will be in
the magnitude of prior-year's level. The expectation for the Group EBIT
remains unchanged slightly higher level than in the previous year.
Jörg Howe, +49 711 17 41341, firstname.lastname@example.org
Hendrik Sackmann, +49 711 17 35014, email@example.com
Silke Walters, +49 711 17 40624, firstname.lastname@example.org
Further information from Daimler is available at:
*www.media.daimler.com* and *www.daimler.com*
This document contains forward-looking statements that reflect our current
views about future events. The words "anticipate," "assume," "believe,"
"estimate," "expect," "intend," "may," "can," "could," "plan," "project,"
"should" and similar expressions are used to identify forward-looking
statements. These statements are subject to many risks and uncertainties,
including an adverse development of global economic conditions, in
particular a decline of demand in our most important markets; a
deterioration of our refinancing possibilities on the credit and financial
markets; events of force majeure including natural disasters, acts of
terrorism, political unrest, armed conflicts, industrial accidents and their
effects on our sales, purchasing, production or financial services
activities; changes in currency exchange rates; a shift in consumer
preferences towards smaller, lower-margin vehicles; a possible lack of
acceptance of our products or services which limits our ability to achieve
prices and adequately utilize our production capacities; price increases for
fuel or raw materials; disruption of production due to shortages of
materials, labor strikes or supplier insolvencies; a decline in resale
prices of used vehicles; the effective implementation of cost-reduction and
efficiency-optimization measures; the business outlook for companies in
which we hold a significant equity interest; the successful implementation
of strategic cooperations and joint ventures; changes in laws, regulations
and government policies, particularly those relating to vehicle emissions,
fuel economy and safety; the resolution of pending government investigations
or of investigations requested by governments and the conclusion of pending
or threatened future legal proceedings; and other risks and uncertainties,
some of which we describe under the heading "Risk and Opportunity Report" in
the current Annual Report. If any of these risks and uncertainties
materializes or if the assumptions underlying any of our forward-looking
statements prove to be incorrect, the actual results may be materially
different from those we express or imply by such statements. We do not
intend or assume any obligation to update these forward-looking statements
since they are based solely on the circumstances at the date of publication.
16-May-2018 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Company: Daimler AG
Phone: +49 (0)711 179 22 61
Fax: +49 (0)711 179 40 75
Indices: DAX, EURO STOXX 50
Listed: Regulated Market in Frankfurt (Prime Standard), Stuttgart;
Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg,
Hanover, Munich, Tradegate Exchange
End of Announcement DGAP News Service
686855 16-May-2018 CET/CEST
(END) Dow Jones Newswires
May 16, 2018 15:15 ET ( 19:15 GMT)
|DL5PLC||Daimler WaveUnlimited L 48.8548 (DBK)||7,150|
|DS43RE||Daimler Wave S 63 2018/12 (DBK)||7,059|
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