Reuters logo
Daimler to book one-off accounting gain from EADS revaluation
March 27, 2013 / 2:21 PM / 5 years ago

Daimler to book one-off accounting gain from EADS revaluation

FRANKFURT, March 27 (Reuters) - German carmaker Daimler expects to book a non-cash gain of 1.34 billion euros ($1.72 billion) that will boost its second-quarter net profit attributable to shareholders, after re-valuing its 7.5 percent stake in aerospace group EADS.

Earnings before interest and taxes will enjoy a larger, 2.68 billion euro gain, but only half of that will remain with the company once minorities are included, it said in a statement on Wednesday. ($1 = 0.7777 euros) (Reporting By Christiaan Hetzner; Editing by Victoria Bryan)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below