February 7, 2013 / 1:56 PM / 5 years ago

Mercedes first-quarter EBIT margin should drop versus fourth-quarter: Daimler

FRANKFURT (Reuters) - Daimler (DAIGn.DE) 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.

    Reporting By Christiaan Hetzner

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