Frankfurt — Daimler raised it forecasts on Wednesday, predicting a significant rise in operating profits this year after a surge in sales of Mercedes-Benz luxury cars and sports utility vehicles. Daimler said it now expects significant growth in volume sales, revenue and group earnings before interest and tax (EBIT) this year after its first-quarter net profit doubled to €2.8bn ($3.1bn). "We are very confident for the remainder of the year that we will achieve our financial, as well as our strategic, goals," Daimler’s chief financial officer Bodo Uebber said in a statement. Daimler’s share price was set to rise 1.7%, according to pre-market indications provided by Lang & Schwarz ahead of the 7am GMT market opening. In February, Daimler said it expected only slight growth in group EBIT, but record sales of Mercedes passenger cars in the first quarter helped the Stuttgart-based car-maker produce forecast-beating results. In March alone, sales of the new Mercedes-Benz E-Class, a volume...
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