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Daimler expects to make profit this year despite Q2 loss

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.

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