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Thursday, July 27, 2006
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DaimlerChrysler: Q2 Operating Profit Increases
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 DaimlerChrysler has officialy release its Q2 numbers for the 2006 year. Their operating profit increased to €1.9 billion ($2.37) from €737 million in Q2 2005. A lot of the increase had to do with the mark-to-market valuation of derivatives to hedge the price risks of shares of the European Aeronautic Defence and Space Company (EADS) which had a positive impact on net income of approximately €800 million (after taxes).
DaimlerChrysler sold 1.3 million vehicles in the second quarter, which was 3% lower than in Q2 2005, but the Group’s total revenues of €38.6 billion was on par with the second quarter of 2005.
he Mercedes Car Group reported an operating profit of €807 million, a substantial improvement compared with the second quarter of last year (€12 million). The increase was caused by the division’s higher unit sales (+17,400 vehicles) and an improved model mix.
The Chrysler Group posted an operating profit of €51 million in the second quarter of 2006, compared with an operating profit of €544 million in the second quarter of 2005. The decrease in operating profit was primarily the result of a decrease in worldwide factory unit sales, a higher mix of fleet vehicles and negative net pricing.
DaimlerChrysler |
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posted by Muamer Hodzic @
7/27/2006 12:18:00 PM
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