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Daimler Swings To Profit In Q2; Provides FY Outlook

(RTTNews) - Friday, German car maker Daimler AG (DDAIF.PK) reported a second-quarter profit of EUR 1.31 billion or EUR 1.18 per share versus loss of EUR 1.06 billion or EUR 0.99 per share last year.

Daimler's second-quarter revenue increased 28% to EUR 25.10 billion from EUR 19.61 billion in 2009; adjusted for exchange-rate effects, revenue grew by 21%.

The automaker sees significant increase in full-year total unit sales and revenues. Daimler targets group EBIT of EUR 6 Billion in full-year 2010. For 2010, Mercedes-Benz Cars targets EBIT of EUR 4 billion and Daimler Trucks anticipates EBIT of around EUR 1 billion.