Mercedes-benz reported a rapid rebound in revenue in the third quarter as auto sales recovered and cost cuts continued. Daimler recently said its profit before interest and tax for the third quarter was 3.07 billion euros ($3.6 billion), better than a year earlier and well above analysts' expectations of 1.61 billion euros. Daimler is expected to report its full results on October 23.

       "Our very strong performance in the third quarter is further proof that we are on the right track to reduce the company's break-even point, and we expect this positive momentum to continue in the fourth quarter," Harald Wilhelm, Daimler's chief financial officer, said in a statement.

        Daimler's Chief executive, Christophe Konlinson, said last week that the company had not yet achieved its potential to turn successful sales into profit growth. Speaking at Daimler's capital markets day on October 6, he said the company would focus less on sales and more on improving profitability as it moves to electric cars.

        For now, Daimler appears to have shrugged off the negative impact of the first-half environment, with an operating loss of 1.68 billion euros ($1.97 billion) in the second quarter of this year, making its third quarter a notable one.

Editor's Comment:

         Affected by the epidemic and other factors, many auto companies have had a hard time in the first half of the year, and Mercedes is no exception. But Mercedes has responded by boosting sales and cutting costs. However, it is worth mentioning that Mercedes-benz's optimistic outlook for the fourth quarter is based on the effective control of the epidemic, and the development trend of the overall environment is still crucial to the performance of the enterprise.