GERMANY/USA: DaimlerChrysler - Overview on Current Business Trends
In order to clarify the various estimates of DaimlerChrysler's earnings situation, the company is providing an overview of current business trends before the official third quarter report, to be released on October 26, 2000. The market situation in North America will have a significant impact on the company's results, as already indicated in the half-year report. For the year 2000 as a whole, DaimlerChrysler forecasts operating profit -- including non-recurring income and expenditure -- on the level of the year 1999. Net income and earnings per share are expected to be significantly higher than last year's figures. Adjusted for one-time items, operating profit for the year 2000 will be in the range of 7 billion euros ($6.16 billion) (1999 adjusted: 10 billion euros/$8.8 billion).
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