Daimler, premium German auto manufacturer has had a challenging global sales period for the last few years and has been pushing to narrow the market gap. It seems that they have actually achieved this high benchmark and are on their way to more profitability and increased car sales. While announcing a 10 per cent jump in their fourth quarter profit, the company singled out their Mercedes Division in enabling them achieve higher revenue and raise the operating income in 2014. The Q4 results release makes Daimler the first among the competition to do so.
The high end manufacturer has effectively created a name in the global car purchases and has a far reaching clientele and a highly sustainable income.
The Chief Executive, Dieter Zetsche expressed confidence in the upward growth having announced their highest dividend for 2014. He said that their plan is to surpass the highest ever level of income in the future economic periods. Business analysts gave a positive view that the auto manufacturer is on the trend and is set to outperform the European car market sector.
Daimler Group shares were on an upward curve and registered a two per cent gain to sell €84.33 as early as 09.06 GMT. This marked a lead among the gainers in the stock market and the momentum is expected to continue.
