DaimlerChrysler has announced a $US1.2 billion group operating loss for the 2001 financial year which it described as “a period marked in particular by difficult market conditions in North America as well as a general slowdown in the global economy.”
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
In a statement the US/German company said that operating profit excluding one-time effects was $US1.2 billion, within the target range of $1.1 – 1.5 billion announced in February 2001.
With the inclusion of one-time effects the operating loss of $1.2 billion was described as “better than anticipated”.
Net income for the group, excluding one-time effects, amounted to $ 0.7 billion and, including one-time effects, the net loss reached $0.6 billion.
Group Revenues were $ 136.1 billion.
Looking ahead to 2002, DaimlerChrysler said group operating profit excluding one-time effects was expected to exceed twice the 2001 level by “a very significant amount”.
