FRANKFURT: German car and truck maker Daimler said it was reviewing its guidance for 2014 industrial free cash flow, a major factor when it comes to funding dividend payments, after the figure jumped in the third quarter.
In the third quarter through September, industrial free cash flow rose to 5.4 billion euros ($6.9 billion) from 1.6 billion in the year-earlier period, Daimler said in a statement on Tuesday.
Shares in Daimler, which is due to publish full quarter financial results on Oct. 23, jumped on the news and were up 4 percent at 58.94 euros by 0755 GMT.
Comments
Comments are closed.