Daimler preliminary quarterly profit falls 78% on virus impact

By Syndicated Content Apr 22, 2020 | 6:01 PM

(Reuters) – German luxury carmaker Daimler AG on Wednesday reported preliminary first-quarter earnings before interest and tax that slumped 78% to 617 million euros, following disruptions caused by the coronavirus pandemic.

The company said it also expects total unit sales and revenue for 2020 to be lower compared to last year.