Daimler posts surprise gain in Q1 profits

Newswire

FRANKFURT, April 27 (Reuters) - German automotive group Daimler reported a surprise increase in first-quarter operating profit on Friday, in part thanks to stronger than expected earnings at its financial services business. Earnings before interest and tax (EBIT) rose 5 percent to 2.13 billion euros ($2.82 billion), better than the 1.93 billion estimated in a Reuters poll of 15 banks and brokerages. The margin at the Mercedes car brand, the metric most comparable with profitability at ...

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