Wednesday, July 25, 2007

Mercedes Q2 EBIT rises 74 pct, ups margin target

(Reuters) - FRANKFURT, July 25 - DaimlerChrysler's premium auto division Mercedes Car Group boosted second-quarter earnings before interest and tax 74 percent to 1.20 billion euros , the world's fifth-biggest carmaker said on Wednesday, beating market expectations.



With revenue flat at 12.558 billion euros, the Mercedes EBIT margin of nearly 9.6 percent in the quarter easily surpassed its minimum 7 percent target for 2007.


Read more at Reuters.com Market News

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