Daimler: record earnings on buoyant car sales

(CercleFinance.com) - Daimler achieved record results for unit sales, revenue and earnings in 2017 and said that the dividend per share for the year would be increased to 3.
65 euros, from 3.25 euros in 2016.

The maker of Mercedes-Benz cars said net profit grew by 24% to 10.9 billion euros over the last year, on the back of revenue that rose by 7% to 164.3 billion euros.

Up 9%, total unit sales reached a new record of 3.3 million vehicles.

Looking ahead, Daimler said it was expecting a slight increase in unit sales and revenue in 2018, along the same lines as the previous year.

Investors were not impressed though: analysts at UBS said that the group's guidance for 2018 guidance was "uninspiring".

Listed in Frankfurt, shares in Daimler were down 1.2% at 78.2 euros in morning trading on Thursday.

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