Daimler Announces Forecasted Growth in Revenue

6 billion Euros (7.8 billion Dollars) is revised forecast figures announced by Daimler for earnings before interest and taxes in 2010, citing the positive business developments in all units and favorable exchange rates. On the 16th of July, the German carmaker said earnings before interest and taxes (EBIT) were EUR 2.1 Billion for the second quarter of this year. Revenue grew 28% to 25.1 billion Euros. Today, Daimler’s management has forecasted significant revenue growth for 2010. The recovery in car markets around the world, is a strong growth key in the international car markets and commercial vehicles, with an attractive portfolio of products which can benefit from improvements in efficiency with a very positive impact, said company representatives in a statement. As a result of positive business developments in all units and in combination with the favourable development in major exchange rates, the Daimler Group returned again to predict profitability.