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Daimler: Semiconductor shortage becomes a problem for Mercedes - Group lowers sales forecast for 2021

2021-07-21T06:38:20.607Z

Daimler has left the Corona crisis behind for the time being. But the semiconductor shortage is affecting the group more than expected.



Daimler has left the Corona crisis behind for the time being.

But the semiconductor shortage is affecting the group more than expected.

Stuttgart - The car manufacturer Daimler has lowered its sales forecast for the most important line of business, Mercedes-Benz Cars.

The company assumes that the global supply bottleneck for semiconductors will “also affect sales in the third quarter,” the company announced on Wednesday when it presented its business results for the second quarter.

"The sales of Mercedes-Benz Cars could be at the level of the second quarter or even below."

In 2021 as a whole, sales are expected to be at the level of the previous year, it said.

So far, the company had assumed a sales level “well above the previous year”.

Daimler: Business is in full swing

For the second quarter, Daimler reported a net profit of 3.7 billion euros.

In the same quarter of last year, the carmaker had posted a loss of 1.9 billion euros.

Consolidated sales rose by 44 percent to 43.5 billion euros compared to the second quarter of 2020.

The company published the first key data a few days ago.

The group's sales totaled 736,400 cars and commercial vehicles. That was an increase of 36 percent compared to the same quarter of the previous year. The persistently low availability of semiconductors burdened "the entire industry" and Daimler customers were also affected by longer waiting times. The company promised to do everything “to keep the consequences as low as possible”. Group is in the middle of the transformation to e-mobility. In order to keep costs under control, the company wants to cut thousands of jobs *.

(AFP) * Merkur.de is part of IPPEN.MEDIA.

Source: merkur

All news articles on 2021-07-21

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