FRANKFURT Feb 2 Mercedes maker Daimler guided for a slight rise in working revenue, unit gross sales and income this 12 months, barely assembly market expectations, with sturdy automobile gross sales development persevering with to outweigh weak point in vans.

Analysts had anticipated reported earnings earlier than curiosity and tax (EBIT) of 14.2 billion euros ($15.3 billion) for 2017, in line with the common estimate in a Reuters ballot, a 10 p.c improve on 2016’s reported 12.9 billion euros.

A slight rise in EBIT, in line with Daimler’s terminology, means something between 2.5 and 10 p.c.

“Daimler expects to profit from slight growth in global demand for motor vehicles and from its strengthened market position,” it stated in an announcement on Thursday.

Daimler, which overtook BMW to turn into the world’s biggest-selling premium carmaker in 2016, reported 5 p.c development in unit gross sales and three p.c development in income for 2016. ($1 = 0.9278 euros) (Reporting by Georgina Prodhan; Editing by Laurence Frost)

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