Investors may be disappointed after Daimler said it expected to see only a slight rise in revenue and earnings for 2016; however its chairman remains confident, despite the global economic headwinds buffeting the company.
"I'm seeing a huge momentum for our company which we believe will continue in 2016", Daimler's Chairman of the Board of Management, Dr. Dieter Zetsche told CNBC Thursday.
"We release our January sales results for cars tomorrow, and they will prove that we are starting the New Year with a lot of momentum. I'm very positive and optimistic about the further development in this year."
Daimler's earnings before interest and tax (EBIT) from ongoing business rose to 3.458 billion euros ($3.83 billion) in the fourth quarter, from 2.824 billion in the year-earlier period, just below the 3.486 billion euros forecast found in a Reuters poll.