Daimler 2020 operating profit beats guidance and forecasts

Daimler AG sign is pictured at the IAA truck show in Hanover, Germany

Daimler said on Thursday that it posted a strong fourth quarter, resulting in better-than-expected 2020 group operating profit.

Group earnings before interest and taxes (EBIT) for 2020 came to 6.603 billion euros ($8.01 billion), above consensus for 5.245 billion euros, the carmaker said, citing preliminary figures.

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