Daimler will raise its forecasts after a strong second quarter

Daimler pledged on Friday to raise its earnings forecast 2010 before the end of the month after publishing strong preliminary results for the second quarter, supported by the results of its upscale subsidiary Mercedes-Benz.

The German carmaker said on Friday an operating profit of 2.1 billion euros for the period April to June, against a loss of one billion euros a year ago and Thomson Reuters consensus I / B / E / S $ 1.49 billion.

The division of cars Mercedes-Benz recorded an operating margin of 9.8%, a figure higher then predicted that the group would reach so far that only 10% from the second half 2012.

"The main factors are a positive development in sales, especially in China and the United States, a range of products well made and better penetration of the prices and positive exchange rate effects," Daimler said in a statement.

"The Daimler Group will raise its forecast for 2010 operating profit when it publishes its quarterly results, July 27," the manufacturer.

Mercedes, which has registered record sales in June had raised its forecast in April to add a little extra positive the following month when he said that Rex would be in the top of the range between 2.5 and 3 billion dollars for the division.

The sales manager Joachim Schmidt said he expects a significant increase in sales volumes in the third quarter, manufacturers of luxury cars full benefit of rising living standards in China.

Having gained ground, the action Daimler fell by 0.35% in late afternoon, slightly less than the index STOXX sector in Europe.

Rival BMW has raised its earnings outlook for 2010 and taxable sales Tuesday, citing better than expected results in its automotive operations and a more favorable global environment.

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