Daimler stated Thursday {that a} sturdy fourth quarter helped it submit better-than-expected 2020 group working revenue and that it was optimistic for 2021.
Group earnings earlier than curiosity and taxes for 2020 got here to six.6 billion euros ($8 billion), above consensus for five.25 billion euros, the automaker stated, citing preliminary figures.
“Given the event of profitable price self-discipline continued within the fourth quarter and anticipated good underlying demand, Daimler additionally anticipates a optimistic enterprise improvement in 2021,” the corporate stated.
The Stuttgart-based maker of Mercedes-Benz vehicles and vehicles stated that the present shortages in semiconductors and the COVID-19 disruptions would most likely impression the primary quarter.
Daimler will launch full fourth-quarter figures and extra detailed 2021 steerage on Feb. 18.