Daimler AG

Daimler’s Q1 profit surges with strong sales of Mercedes-Benz

Daimler’s Q1 profit surges with strong sales of Mercedes-Benz

On Tuesday, German auto group Daimler AG said that it took a good start in 2015 as the company’s sales and profits surged strongly in the first three months.

The maker of Mercedes-Benz said that its net profit during the period from January to March rose to 2.05 billion euros ($2.23 billion) from 1.086 billion in the same quarter a year ago. Operating profit grew 63% to 2.906 billion euros on a 16% increase in revenues to 34.236 billion euros.

The overall revenue of the company rose to 16% percent during the quarter to 34.2 billion euros. The improvement in sales has been noticed after the company invested in renewing its model line, including a new C-Class sedan. It also expanded range of smaller vehicles.




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