This post was originally published on this site
https://i-invdn-com.akamaized.net/trkd-images/LYNXMPEG9M0C8_L.jpg
The adjusted return on sales at Mercedes-Benz Cars & Vans rose to 9.4% in the quarter, up from 7% a year earlier and above the minus 1.5% margin Daimler posted in the second quarter.
Daimler said its adjusted earnings before interest and taxes (EBIT) rose to 3.479 billion euros ($4.11 billion) in the quarter, up from 3.14 billion euros in the year-earlier period.
The carmaker added it expected full-year EBIT to reach prior-year levels, and reiterated it expects group unit sales and revenue in 2020 to be significantly lower than the prior year.
