February 7, 2013 / 1:51 PM / 5 years ago

Mercedes Q1 EBIT margin should drop vs Q4 -Daimler

FRANKFURT, Feb 7 (Reuters) - Daimler expects profitability at its Mercedes-Benz cars division will decline in the first quarter this year compared to the 5.26 percent achieved in the fourth quarter of last year.

“The run-rate should be lower,” Chief Executive Dieter Zetsche told analysts during a conference call on Thursday.

Mercedes earned 848 million euros ($1.15 billion) before interest and taxes in the final quarter of last year on revenue of 16.12 billion.

$1 = 0.7387 euros Reporting By Christiaan Hetzner

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