Daimler has confidence

Mercedes parent company Daimler has confidence in the future. The company has its sales in the third quarter more or less maintained. The decrease of 1 percent compared to a year earlier was better than analysts account had held. As previously mentioned by Daimler ran the profit significantly.

The German car manufacturer has achieved a quarterly turnover of 40,2 billion euro, compared to 40.8 billion euros a year earlier. Market commentators had on average expected a decline to 39,2 billion euro, among others due to an earlier warning from Daimler about the disappointing sales of mini-vans.

Daimler warned two weeks ago for a sharply lower profit, due to additional costs related to the settlement of the dieselschandaal in the automobile business. The net profit declined 21 percent to 1.7 billion euros. For the whole year, the group stuck to its target of a slightly higher turnover. Ceo Dieter Zetsche said also to count on a recovery in the fourth quarter after two profit warnings in a row.