FRANKFURT — Daimler expects to generate an operating profit this year after second-quarter results signaled the maker of Mercedes-Benz cars weathered the unprecedented industry slump better than expected.
The company reported a quarterly operating loss of 1.68 billion euros ($1.91 billion) on Thursday.
Daimler anticipates earnings before interest and taxes and free cash flow to be positive in 2020 but lower than last year, it said on Thursday in a statement. It previously forecast that the company’s deliveries, revenue and profit would decline in 2020.