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Wednesday, October 25, 2006

DCX achieves operating profit of 0.9 billion Euro in Q3
DiamlerChrysler has just released their third quarter numbers, and looking at them, they are not very good compared to last years profit and units sold. They achieved a third-quarter operating profit of 892 million Euro compared to last years 1,838 million Euro.

Net income amounted to 541 million Euro in the third quarter compared to 855 million Euro last year. Earnings per share amounted to 0.53 Euro, compared with 0.84 Euro in the third quarter of 2005.

DaimlerChrysler sold 1.0 million vehicles worldwide in the third quarter, not equaling the high level recorded in Q3 2005 (-14%).

As a result of the lower unit sales, the Group's revenues decreased from 38.2 billion to 35.2 billion Euro. Adjusted for currency-translation effects, the decrease was 5%.

At the end of the third quarter of 2006, DaimlerChrysler employed a workforce of 365,451 people worldwide (end of Q3 2005: 388,014). Of this total, 168,965 were employed in Germany and 95,647 were employed in the United States (end of Q3 2005: 185,288 and 98,945 respectively).

DCX is definitely in a better shaped then Ford or some others in the automotive industry; these numbers are not what was expected of them, but at least they are not in the red.
posted by Muamer Hodzic @ 10/25/2006 10:36:00 AM    
 
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