The Lack of Chips Continues to Weigh on Business
As expected, Daimler made a billion profit in the second quarter despite Corona uncertainty. Because of the chip crisis, however, the car manufacturer lowered the sales forecast for the Mercedes-Benz division. The stock gives way.
The car and truck manufacturer Daimler achieved a group result of 3.7 billion euros thanks to strong sales growth from April to June, as the Dax company announced on Wednesday. A year ago, a loss of 1.9 billion euros was incurred due to the drop in sales in the corona pandemic. “At Mercedes-Benz Cars & Vans, we achieved a double-digit margin for the third quarter in a row, thus proving the resilience of our business – despite the low availability of semiconductors,” said CEO Ola Kallenius (52). The lack of chips means that customers have to wait longer for new cars.
The shortage of computer chips, from which the entire auto industry is currently suffering, will, however, dampen the car sales of the brand with the star in the second half of the year. Daimler has therefore lowered its forecast and expects sales of Mercedes-Benz Cars for the year as a whole to be at the previous year’s level and no longer significantly higher. In contrast, deliveries of vans and commercial vehicles are expected to continue to increase significantly. As before, sales and operating profit in the group are forecast to be significantly higher than in the previous year.
The Daimler share fell on Wednesday due to the lowered sales forecast for Mercedes and the ongoing delivery bottlenecks for electronic components and expanded their losses to 3 percent. Daimler announced key data for the second quarter a few days ago.