Skip to main content
The Globe and Mail
Support Quality Journalism
The Globe and Mail
First Access to Latest
Investment News
Collection of curated
e-books and guides
Inform your decisions via
Globe Investor Tools
Just$1.99
per week
for first 24 weeks

Enjoy unlimited digital access
Enjoy Unlimited Digital Access
Get full access to globeandmail.com
Just $1.99 per week for the first 24 weeks
Just $1.99 per week for the first 24 weeks
var select={root:".js-sub-pencil",control:".js-sub-pencil-control",open:"o-sub-pencil--open",closed:"o-sub-pencil--closed"},dom={},allowExpand=!0;function pencilInit(o){var e=arguments.length>1&&void 0!==arguments[1]&&arguments[1];select.root=o,dom.root=document.querySelector(select.root),dom.root&&(dom.control=document.querySelector(select.control),dom.control.addEventListener("click",onToggleClicked),setPanelState(e),window.addEventListener("scroll",onWindowScroll),dom.root.removeAttribute("hidden"))}function isPanelOpen(){return dom.root.classList.contains(select.open)}function setPanelState(o){dom.root.classList[o?"add":"remove"](select.open),dom.root.classList[o?"remove":"add"](select.closed),dom.control.setAttribute("aria-expanded",o)}function onToggleClicked(){var l=!isPanelOpen();setPanelState(l)}function onWindowScroll(){window.requestAnimationFrame(function() {var l=isPanelOpen(),n=0===(document.body.scrollTop||document.documentElement.scrollTop);n||l||!allowExpand?n&&l&&(allowExpand=!0,setPanelState(!1)):(allowExpand=!1,setPanelState(!0))});}pencilInit(".js-sub-pencil",!1); // via darwin-bg var slideIndex = 0; carousel(); function carousel() { var i; var x = document.getElementsByClassName("subs_valueprop"); for (i = 0; i < x.length; i++) { x[i].style.display = "none"; } slideIndex++; if (slideIndex> x.length) { slideIndex = 1; } x[slideIndex - 1].style.display = "block"; setTimeout(carousel, 2500); }

DaimlerChrysler AG CEO Dieter Zetsche

REBECCA COOK/REUTERS

Auto and transportation giant Daimler AG issued financial results 12 hours ahead of schedule Wednesday, becoming the second major company this month to do so.

A release headlined "Daimler's earnings once again at a high level" was sent out by e-mail to about 50 reporters globally early Wednesday afternoon, about 12 hours ahead of the scheduled release of 1:30 a.m. ET Thursday.

Daimler sent out an e-mail containing a news release with third-quarter and nine-month financial results at 12:40 p.m. ET and followed it up two minutes later with an e-mail asking recipients to ignore the 12:40 e-mail. At 12:45, the company sent out an e-mail saying the news release was not valid.

Story continues below advertisement

"This is not the final figures yet," Daimler spokeswoman Andrea Berg said in a telephone interview. "I sent this by mistake and it's not to be published as it is and the release will go out tonight around 1:30 a.m."

The issuance of a news release by Daimler came less than a week after a similar error by tech giant Google Inc., which surprised markets last Thursday with an inadvertent premature release of third-quarter results that were below expectations and roiled stock markets.

In the release, Daimler chief executive officer Dieter Zetsche warned that the company's full-year annual earnings before interest and taxes will not match those of 2011, "but will still post good earnings once again."

The 12:40 news release showed earnings before interest and taxes (EBIT) falling 2 per cent in the three months ended Sept. 30 to €1.92-billion ($2.48-billion U.S.) from €1.97-billion.

For the first nine months of 2012, EBIT fell 4 per cent to €6.29-billion from €6.58-billion, the statement said..

Sales of Mercedes-Benz cars and Daimler trucks grew during the quarter despite what the company called difficult conditions in some markets.

Revenue rose 8 per cent, but higher expenses caused by growth in Mercedes-Benz car offerings and a "product offensive" at Daimler trucks caused the drop in EBIT.

Story continues below advertisement

Sales of Mercedes-Benz cars set a third-quarter record of 345,000. Sales of Daimler trucks rose 3 per cent to 119,100 vehicles.

Report an error Editorial code of conduct
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

Comments that violate our community guidelines will be removed.

Read our community guidelines here

Discussion loading ...

To view this site properly, enable cookies in your browser. Read our privacy policy to learn more.
How to enable cookies