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Daimler reports quarterly record high operating profit

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Daimler reports quarterly record high operating profit

Daimler reports quarterly record high operating profit
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“Leaving the pack behind,” that was the reaction of one analyst after Daimler reported a record quarterly high operating profit which jumped 54 percent.

Adjusted earnings before interest at the Stuttgart car and truck maker topped three point eight billion euros pushing shares up 2.2 percent in early trading.

The profit margin at the company’s car division was boosted by the global roll out of a new C-Class and the launch of the top-end Maybach S-Class.

Daimler defied a slow down in sales to China due to an economic slowdown and an anti-corruption drive. Mercedes saw June deliveries in China jump 38.5 percent.