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Daimler’s Q3 net profit climbed 8.8% to €2.595B

Daimler’s Q3 net profit climbed 8.8% to €2.595B, boosted by strong sales of the German car company’s new Mercedes-Benz E-class models and sport-utility vehicles. Daimler’s (OTCPK:DDAIF) revenues grew 4% to €38.6B, pretty much as expected, and volumes increased 5% to a record 754,100 units. Revenue at Mercedes-Benz Cars rose 12% to €23.3B, although truck sales slumped 19% to €7.8B as volume dropped to 97,100 from 128,500 a year earlier. Shares were -3.1% in Frankfurt at the time of writing.

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