Daimler with another strong year in 2012: best figures for unit sales and
revenue; Group EBIT of euro 8.6 billion
STUTTGART, Germany, Feb. 7, 2013
STUTTGART, Germany, Feb. 7, 2013 /PRNewswire/ --
oEBIT from ongoing business of €8.1 billion (2011: €9.0 billion)
oNet profit of €6.5 billion (2011: €6.0 billion)
oStable dividend of €2.20 proposed
oGroup revenue of €114.3 billion exceeds prior year (2011: €106.5 billion)
oMercedes-Benz Cars with new best figures for unit sales and revenue
oDaimler Trucks once again increases unit sales and revenue despite
oOutlook for 2013: second-half EBIT expected to be higher than in first six
months of 2013
oGroup EBIT from ongoing business in 2013 anticipated in prior-year
Daimler AG (stock-exchange symbol DAI) today presented its preliminary and
unaudited figures for the Group and its divisions for the year 2012.
(Logo: http://photos.prnewswire.com/prnh/20080409/NYW017LOGO )
Daimler achieved EBIT of €8.6 billion in 2012 (2011: €8.8 billion). EBIT from
the ongoing business amounted to €8.1 billion (2011: €9.0 billion).
"The past financial year was overall a strong year for Daimler with some great
achievements, but also with clear potential for improvement. We achieved new
records for unit sales and revenue at both the Group and Mercedes-Benz Cars,
and launched new products in all divisions to the market, which received
excellent response," stated Dr. Dieter Zetsche, Chairman of the Board of
Management of Daimler AG and Head of Mercedes-Benz Cars.
"Notwithstanding our success and the numerous pioneering investments in 2012,
it is a fact that we did not reach our own targets for earnings and
profitability," Zetsche pointed out. "To ensure that our future growth is even
more profitable, we have implemented detailed measures in all divisions that
will further increase our efficiency."
The Group's net profit amounted to €6.5 billion (2011: €6.0 billion),
including the gain on the sale of 7.5% of the shares of EADS. Earnings per
share amounted to €5.71 (2011: €5.32).
Daimler wants its shareholders to participate appropriately in the company's
success once again in 2012. In view of the earnings achieved and the business
development in 2012, the Board of Management and the Supervisory Board will
propose the distribution of a dividend of €2.20 per share at the Annual
Shareholders' Meeting to be held on April 10, 2013 (prior year: €2.20). This
represents a total dividend payout of €2,349 million (prior year: €2,346
"With this dividend continuity, we are emphasizing the attractiveness of our
shares and expressing our gratitude to the shareholders for their trust in our
company," stated Bodo Uebber, Member of the Board of Management of Daimler AG
for Finance & Controlling and Daimler Financial Services.
Financial year 2012
Despite partially difficult market conditions, the development of earnings
reflects ongoing growth in unit sales at Mercedes-Benz Cars and Daimler
Trucks. Daimler Buses and Mercedes-Benz Vans posted lower unit sales, however.
A shift in the regional structure of unit sales, a less favorable model mix
and higher expenses in connection with the expansion of Mercedes-Benz Cars'
product portfolio and the current product offensive at Daimler Trucks also had
a negative impact on Group EBIT. In addition, Mercedes-Benz Vans incurred
expenses in connection with the impairment of the Chinese joint venture Fujian
Benz Automotive Corporation. Daimler Financial Services posted earnings at the
prior-year level. The development of exchange rates had an overall positive
impact on Group EBIT.
EBIT also includes significantly higher expenses in connection with the
compounding of non-current provisions (2012: €543 million; 2011: €225
The repositioning of the European and North American business systems of
Daimler Buses, which was decided upon in the first quarter of 2012, resulted
in expenses of €155 million. The sale of 7.5% of the shares in EADS resulted
in a gain of €709 million in the reporting period.
The special items affecting earnings in the years 2012 and 2011 are listed in
the table below.
As previously announced, Daimler further increased its unit sales. Sales of
2.2 million vehicles were 4% higher than in 2011. Mercedes-Benz Cars and
Daimler Trucks were responsible for the growth, while the Mercedes-Benz Vans
and Daimler Buses divisions did not match their unit sales of the prior year.
The Group's total revenue improved by 7% to €114.3 billion; adjusted for
exchange-rate effects, there was an increase of 4%.
The net liquidity of the industrial business amounted to €11.5 billion at
December 31, 2012 (2011: €12.0 billion).
The free cash flow of the industrial business amounted to €1.5 billion in
2012. The positive profit contributions of the industrial business were offset
by the increase in working capital, defined as the net change in inventories,
trade receivables and trade payables, in a total amount of €0.8 billion. High
investments in property, plant and equipment and intangible assets as well as
capital contributions to Engine Holding and the joint venture of Daimler
Trucks in China led to cash outflows. There was an additional effect from
first-time pension contributions at EvoBus. Other positive effects resulted
from the sale of shares in EADS and MBtech Group.
As of December 31, 2012, the Daimler Group employed a total workforce of
275,087 people. Due to the significant increase in business volumes, the
workforce grew by 3,717 persons. While the number of employees in Germany
decreased slightly to 166,363 (2011: 167,684), there was growth in the United
States to 21,720 (2011: 20,702). At year-end, 14,610 people were employed in
Brazil (2011: 14,533) and 11,286 in Japan (2011: 11,479). The number of
persons employed by the consolidated subsidiaries in China increased to 2,730
(2011: 2,121). In addition, there were 16,383 (2011: n. a.) persons employed
by Daimler's non-consolidated associated companies in China, of which 9,048
(2011: 7,204) work at Beijing Benz Automotive Corporation (BBAC), 1,543 (2011:
2,003) at Fujian Benz Automotive Corporation (FBAC) and 5,530 (2011: n. a.) at
the joint venture Beijing Foton Daimler Automotive (BFDA).
Investments in the future
Based on Daimler's "Road to Emission-free Mobility" strategy, the main focus
of work was in the area of new, extremely fuel-efficient and environmentally
friendly drive technologies in all automotive divisions. Work was carried out
on optimizing conventional drive technologies as well as on achieving further
efficiency improvements through hybridization and with electric vehicles using
fuel cells or batteries. In order to further enhance the efficiency of its
vehicles, Daimler is also improving other key automotive aspects - from energy
management to aerodynamics and lightweight construction. Another focus of
activities is on new safety technologies and accident-free driving.
As in the prior year, Daimler therefore invested the very large amount of €5.6
billion in research and development in 2012 (2011: €5.6 billion). Total
research and development expenditures at Mercedes-Benz Cars of €3.9 billion
once again exceeded the high level of the prior year (2011: €3.7 billion).
Daimler Trucks invested €1.2 billion in research and development projects
(2011: €1.3 billion).
In 2012, Daimler once again significantly increased its investment in
property, plant and equipment to €4.8 billion (2011: €4.2 billion). Of that
total, €3.3 billion was invested in Germany (2011: €2.7 billion).
The focus was on extensive capital expenditure on local production facilities,
new products and new technologies. One main area within Mercedes-Benz Cars was
the expansion of production capacities for the new compact-class models at the
Rastatt plant in Germany and at the new plant in Kecskemet, Hungary. In
Sindelfingen, Daimler invested in preparations for production of the new
S-Class. In Tuscaloosa, USA, and Bremen, Germany, preparations are already
under way for production of the new C-Class as of 2014. At Daimler Trucks, the
main areas of investment were the new Mercedes-Benz Antos, the new heavy-duty
construction-site truck Arocs, and various projects for global harmonization
and standardization of engines and main components and for the fulfillment of
stricter emission regulations. Daimler also invested in expanding its
production capacities in Brazil and at the new plant in India, where trucks of
the new BharatBenz brand have been rolling off the production line since
mid-2012. At the Mercedes-Benz Vans division, the focus of investment was on
the new Citan small van and the successor generation of the Vito goods van and
the Viano passenger van. Daimler also invested in the production and marketing
of the Sprinter in Argentina and in the expansion and modernization of the
sales organization. The main investments at Daimler Buses in 2012 were in new
products and the modernization of production facilities.
Details of the divisions
Mercedes-Benz Cars, comprising the brands Mercedes-Benz, Maybach and smart,
sold 1,451,600 vehicles in the year under review (2011: 1,381,400), and thus
continued to grow. Revenue increased by 7% to a new record of €61.7 billion,
although major markets weakened in the second half of 2012.
The division's EBIT of €4,389 million was below the prior-year figure of
€5,192 million. The return on sales was 7.1% (2011: 9.0%).
In an economic environment that became increasingly difficult during the year,
unit sales developed well. Mercedes-Benz Cars achieved high growth rates in
particular in the segments of compact cars and SUVs. In regional terms, the
business in the United States developed very positively. Growth in earnings
was also realized by positive exchange-rate effects. There were negative
effects on earnings from a shift in the regional structure of unit sales and
the changed model mix. Furthermore, EBIT was reduced by expenses for the
enhancement of the products' attractiveness, capacity expansion and advance
expenditure for new technologies and vehicles. This negative effect on
earnings was only partially offset by ongoing efficiency improvements. In
addition, higher expenses arose in connection with the compounding of
In a difficult market environment, Daimler Trucks was able to further increase
its unit sales and revenue, with particularly strong growth in the NAFTA
region and Asia. Daimler Trucks sold 462,000 vehicles during in 2012, which is
9% more than in the prior year. Revenue amounted to €31.4 billion (+9%).
The division's EBIT of €1,714 million was below the prior-year figure (2011:
€1,876 million). The return on sales was 5.5% (2011: 6.5%).
Earnings were boosted on the one hand by the positive development of unit
sales and revenue in the NAFTA region and Asia. Lower warranty expenses and
exchange-rate effects also made a positive contribution. On the other hand,
earnings were reduced by the current product offensive and by lower demand in
Brazil and Western Europe. The decline in demand was related to weaker
economic developments and in Brazil additionally to the introduction of new
emission limits as of the beginning of 2012. Furthermore, expenses arose from
the compounding of non-current provisions. Earnings for the year include
expenses of €70 million due to the natural disaster in Japan and an impairment
charge on the investment in Kamaz (€32 million).
Worldwide unit sales by Mercedes-Benz Vans decreased to 252,400 vehicles, due
in particular to the difficult market situation in Western Europe (2011:
264,200). Revenue of €9.1 billion was also slightly below the prior-year level
(2011: €9.2 billion).
The division achieved EBIT of €541 million in 2012 (2011: €835 million). Its
return on sales was 6.0%, compared with 9.1% in the prior year.
The decrease in earnings was partially related to lower levels of unit sales,
especially caused by the significantly weaker market in Western Europe. Good
product quality was reflected by lower warranty costs. Exchange-rate effects
also had a positive impact on earnings. There was an opposing effect from
expenses of €64 million in connection with the impairment of the Chinese joint
venture Fujian Benz Automotive Corporation. Earnings were additionally reduced
by expenses connected with the market launch of the Citan city van and the
launch of the new Sprinter in Argentina.
Daimler Buses sold 32,100 buses and bus chassis worldwide in 2012 (2011:
39,700). Revenue decreased accordingly by €0.5 billion to €3.9 billion.
Daimler Buses posted EBIT of -€232 million (2011: €162 million) and a return
on sales of -5.9% (2011: 3.7%).
The decrease in earnings was primarily the result of lower sales of bus
chassis due to the difficult business situation in Latin America, as well as
an unfavorable model mix in the declining European market. There were
additional negative effects on earnings from expenses of €155 million for the
repositioning of the European and North American business systems and from
Daimler Financial Services' business developed positively once again in 2012.
New business increased by 14% to the new record of €38.1 billion. The
division's contract volume rose by 12% to €80.0 billion. Adjusted for
exchange-rate effects, the increase was 13%.
Daimler Financial Services achieved EBIT of €1,292 million in 2012, which is
close to its earnings of the prior year (€1,312 million). The division's
return on equity was 21.9% (2011: 25.5%).
A larger contract volume and exchange-rate effects contributed positively to
the earnings development. There were opposing effects on earnings from lower
interest margins and a normalization of risk costs, which had been unusually
low in the prior year. Additional expenses arose in connection with the
The reconciliation of the divisions' EBIT to Group EBIT comprises the
proportionate share of the results of Daimler's equity-method investment in
EADS, other gains and/or losses at the corporate level, and the effects on
earnings of eliminating intra-group transactions between the divisions.
Daimler's proportionate share of the net profit of EADS amounted to €307
million (2011: €143 million). In addition, the Group realized a gain of €709
million on the sale of 7.5% of the shares of EADS during the reporting period.
At the corporate level, an expense of €113 million was recognized (2011:
expense of €588 million). Corporate items in the prior year included in
particular litigation expenses and a charge on the impairment of Daimler's
investment in Renault (€110 million).
According to current estimates, worldwide demand for automobiles is likely to
grow this year by approximately 2 to 4%. This growth should be primarily
driven by the ongoing expansion of the Chinese market and a moderate increase
in demand in the United States. No impetus is to be expected from the Western
European market, however. Demand in Japan will probably decrease
significantly, with a perceptible negative impact on the growth of the world
Worldwide demand for medium and heavy trucks can be expected to increase
perceptibly in 2013. However, this will mainly be driven by the significant
recovery in China, which was responsible for a large proportion of the global
drop in demand last year. In North America, a decline of 5 to 10% is
anticipated as a result of uncertainty about the country's fiscal problems.
For the European truck market, demand is expected to fall by up to 5% due to
the ongoing weak economic environment. The Japanese market should be at about
the prior-year level, following the expiry of certain special effects in
connection with the reconstruction there. A significant recovery of up to 10%
is expected for the Brazilian market thanks to better economic prospects and
the continuation of favorable financing conditions.
Mercedes-Benz Cars is consistently implementing its "Mercedes-Benz 2020"
offensive. Numerous model changes and new products should ensure that the
division achieves new records for unit sales in the years 2013 and 2014. A
major contribution to this growth is likely to come from the new models in the
high-volume compact-car segment. The third model based on the new compact-car
architecture will be launched in April 2013: the CLA four-door coupe. Also
starting in April, the new E-Class sedan and wagon will be available from
Mercedes-Benz dealerships after a thorough upgrade. And as of mid-May 2013,
the new E-Class coupes and convertibles will create additional sales impetus.
In June 2013, the locally emission-free super sports car SLS AMG Coupe
Electric Drive will be launched on the market. In the second half of 2013,
Mercedes-Benz expects significant growth in the luxury segment, above all due
to the launch of the all-new S-Class. As the most important new model of the
year 2013, the new S-Class will set new standards with pioneering innovations
for comfortable and safe driving, summarized under the heading of
"Mercedes-Benz Intelligent Drive." In addition, the Mercedes-Benz brand will
also continue to profit in 2013 from the great market success of its models in
the compact-car and SUV segments.
Within the framework of the long-term "Mercedes-Benz 2020" growth strategy,
the product portfolio will be further expanded across all segments in the
coming years. In the compact-car segment, a total of five new models will be
added to the Mercedes-Benz product portfolio. In parallel, the model offensive
will also be continued at the upper end of the automobile spectrum, for
example with new models of the coming S-Class and with another SUV model
The smart brand expects good chances that the unique two-seater in the highly
competitive micro-car segment will defy its advanced model lifecycle also in
2013, and will achieve unit sales in the magnitude of the prior year. The
successor model of the two-seater, the new smart four-seater and the electric
smart scooter will be presented in 2014.
Daimler Trucks anticipates a slight increase in unit sales in the year 2013
and further growth in 2014, although the development in 2013 will at first be
rather moderate or even negative in some key markets due to the ongoing
difficult economic situation. The introduction of stricter emission limits in
2014 is expected to cause some purchases to be brought forward to 2013. As a
result of its extensive product offensive, Daimler Trucks not only has a
complete model range of Euro VI trucks, but is also in a very good starting
position in all relevant regions: A highly attractive, innovative product
portfolio should allow Daimler to further strengthen its market position
worldwide and to increase its share of important markets.
Unit sales should benefit from the complete availability of the Actros and
Antos models and from other new models such as the Arocs for the construction
sector and the new Atego. The strong North American products like the new
Freightliner Cascadia Evolution in combination with the strong Detroit
components should also make an important contribution to further growth. With
a clear focus on profitable customer segments such as the construction and
municipal segments within the framework of its "Vocational Strategy," the
truck division wants to utilize further market potential and extend its market
leadership in North America.
The brands Fuso and BharatBenz will also make an important contribution to
growth in unit sales in the coming years. The Fuso Canter and its hybrid
version, which has been produced also in Europe since 2012, should stimulate
additional demand. Fuso will extend its leading position in the field of
"green innovation" with the new Canter Eco Hybrid and other technologies.
Furthermore, Fuso is developing profitable export markets in the context of
its growth offensive. In India, the range of BharatBenz trucks will be
expanded to a total of 17 models in the weight classes from 6 to 49 metric
tons by the year 2014, and the sales and service network will also be
expanded. In Russia and China, Daimler Trucks is gradually intensifying its
cooperation with local partners Kamaz and Foton, and is thus creating the
right conditions for the further development of those growth markets.
Mercedes-Benz Vans plans to increase its unit sales in the years 2013 and
2014. On the product side, the new Mercedes-Benz Citan should contribute to
this growth. Entering the market segment of small vans makes the division a
full-range supplier and thus gives it additional growth potential in Europe.
As of mid 2013, there will be demand stimulus from the upgraded Sprinter. As
part of the "Vans goes global" strategy, Mercedes-Benz Vans is increasingly
developing the markets outside Europe. It is therefore intensifying its sales
activities especially in North America, Latin America, Russia and China.
Furthermore, Mercedes-Benz vans are increasingly produced also locally: in
Argentina and China, and production will begin also in Russia with the partner
GAZ in the first half of 2013.
Daimler Buses assumes that it will be able to maintain its globally leading
position in its core markets for buses above 8 tons with innovative and
high-quality new products. Not least due to various major orders in advance of
the soccer World Cup in 2014 and the Olympic Games in 2016, a rise in unit
sales is anticipated in Brazil for the years 2013 and 2014. In Western Europe
the division has launched excellent high-quality products in this stable key
market: the new Mercedes-Benz Citaro and the new coach generation, the Setra
500. In order to realize further growth potential and to enhance
competitiveness, Daimler Buses started the "GLOBE 2013" growth and efficiency
offensive in 2012.
With its "DFS 2020" strategy, Daimler Financial Services aims to achieve
further profitable growth in the coming years. Key growth drivers are the
expansion of business in Asia, the product offensives of the Daimler Group,
and the further development of innovative mobility service packages.
Worldwide, Daimler wants to gain larger numbers of young customers, who will
be increasingly attracted with new models in the compact class and who are
particularly open-minded with regard to financing and leasing offers. Daimler
Financial Services sees additional growth opportunities in the field of
innovative mobility services, where the service offering will be
systematically expanded in the coming years – with and beyond car2go.
On the basis of assumptions concerning the development of automotive markets
and the divisions' planning, the Daimler Group expects to achieve further
growth in total unit sales in the years 2013 and 2014.
Daimler assumes that Group revenue will continue growing in the years 2013 and
2014. Although uncertainty regarding the future development of the Group's
markets tended to increase during the year 2012, numerous new products will be
launched in the context of the growth strategy in the coming years.
Furthermore, the Group will increasingly develop the growth markets of Asia,
Eastern Europe and Latin America for its products – partially also through
local production. The anticipated growth will probably be driven by all
divisions, with the biggest contributions in absolute terms coming from
Daimler Trucks and Mercedes-Benz Cars. In regional terms, Daimler assumes that
growth rates will be above average in the emerging markets and in North
Daimler assumes that the development of major markets will at first remain
weak in the first half of 2013, and therefore anticipates a weaker development
of earnings in the first half of the year compared with 2012. But due to the
planned new models, the assumptions made for the development of markets
important to Daimler and the increasing effects of the efficiency measures
that have been initiated, earnings are expected to improve in the second half
of 2013 compared with the level of the first half. On the basis of the
anticipated recovery in the second half of the year, Daimler currently assumes
that Group EBIT from the ongoing business in 2013 will reach the magnitude of
the prior year. For Mercedes-Benz Cars, full-year EBIT is expected to be
slightly lower than in 2012, while the other automotive divisions should post
higher earnings than in the prior year. In 2014 and the following years, an
improvement in operating profit is expected for all automotive divisions and
for the Group. For Daimler Financial Services, a stable development of
earnings is anticipated in the next two years.
In the medium term, Daimler aims to achieve an annual average return on sales
in its automotive business of 9% across market and product cycles. This is
based on target returns on sales for the individual divisions: 10% for
Mercedes-Benz Cars, 8% for Daimler Trucks, 9% for Mercedes-Benz Vans and 6%
for Daimler Buses. For the Daimler Financial Services division, the target for
return on equity is 17%. Due to significantly worsened market conditions, the
achievement of these profitability targets has become much more challenging
for the Group and the individual divisions. Daimler therefore assumes that the
targets will not be achieved as originally planned in the year 2013, but at a
later date. In order to make sure it meets its profitability targets in the
long term, Daimler is carrying out far-reaching programs to improve its
efficiency and competitiveness in all divisions.
In the years 2013 and 2014, Daimler plans to spend a total of €10.8 billion on
research and development activities and approximately €10.2 billion on
property, plant and equipment. This means that research and development
investment will remain at the high level of the years 2011 and 2012; capital
expenditure on property, plant and equipment will once again exceed the
already very high levels of the two previous years.
Due to the anticipated business development, production volumes will continue
to grow in the years 2012 and 2013. At the same time, efficiency and thus also
productivity will be significantly increased as a result of the programs being
carried out in all divisions. Against this backdrop, Daimler assumes that it
will be able to achieve its ambitious growth targets with a largely stable
workforce. New jobs will tend to be created in the international growth
The special items affecting earnings in the years 2012 and 2011 are listed in
the following table:
In millions of euros 2012 2011
Impairment of investment in Kamaz
Natural disaster in Japan
Impairment of joint venture Fujian Benz -64 -
Daimler Financial Services
Natural disaster in Japan
Impairment of investment in Renault
Gain on the sale of EADS shares
The figures in this document are preliminary and have not
yet been approved by the Supervisory Board or audited by
the external auditors.
Further information from Daimler is available at:
www.media.daimler.com and www.daimler.com
The figures in this document are preliminary and have neither been approved
yet by the Supervisory Board nor audited by the external auditor. This
document contains forward-looking statements that reflect our current views
about future events. The words "anticipate," "assume," "believe," "estimate,"
"expect," "intend," "may," "plan," "project," "should" and similar expressions
are used to identify forward-looking statements. These statements are subject
to many risks and uncertainties, including an adverse development of global
economic conditions, in particular a decline of demand in our most important
markets; a worsening of the sovereign-debt crisis in the euro zone; a
deterioration of our funding possibilities on the credit and financial
markets; events of force majeure including natural disasters, acts of
terrorism, political unrest, industrial accidents and their effects on our
sales, purchasing, production or financial services activities; changes in
currency exchange rates; a shift in consumer preference towards smaller, lower
margin vehicles; or a possible lack of acceptance of our products or services
which limits our ability to achieve prices as well as to adequately utilize
our production capacities; price increases in fuel or raw materials;
disruption of production due to shortages of materials, labor strikes, or
supplier insolvencies; a decline in resale prices of used vehicles; the
effective implementation of cost-reduction and efficiency-optimization
measures; the business outlook of companies in which we hold a significant
equity interest; the successful implementation of strategic cooperations and
joint ventures; changes in laws, regulations and government policies,
particularly those relating to vehicle emissions, fuel economy and safety; the
resolution of pending governmental investigations and the conclusion of
pending or threatened future legal proceedings; and other risks and
uncertainties, some of which we describe under the heading "Risk Report" in
Daimler's most recent Annual Report. If any of these risks and uncertainties
materialize, or if the assumptions underlying any of our forward-looking
statements prove incorrect, then our actual results may be materially
different from those we express or imply by such statements. We do not intend
or assume any obligation to update these forward looking statements. Any
forward-looking statement speaks only as of the date on which it is made.
Daimler AG is one of the world's most successful automotive companies. With
its divisions Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler
Buses and Daimler Financial Services, the Daimler Group is one of the biggest
producers of premium cars and the world's biggest manufacturer of commercial
vehicles with a global reach. Daimler Financial Services provides financing,
leasing, fleet management, insurance and innovative mobility services. The
company's founders, Gottlieb Daimler and Carl Benz, made history with the
invention of the automobile in the year 1886. As a pioneer of automotive
engineering, Daimler continues to shape the future of mobility today: The
Group's focus is on innovative and green technologies as well as on safe and
superior automobiles that appeal to and fascinate its customers. For many
years now, Daimler has been investing continually in the development of
alternative drive systems with the goal of making emission-free driving
possible in the long term. So in addition to vehicles with hybrid drive,
Daimler now has the broadest range of locally emission-free electric vehicles
powered by batteries and fuel cells. This is just one example of how Daimler
willingly accepts the challenge of meeting its responsibility towards society
and the environment. Daimler sells its vehicles and services in nearly all the
countries of the world and has production facilities on five continents. Its
current brand portfolio includes, in addition to the world's most valuable
premium automotive brand, Mercedes-Benz, the brands smart,Freightliner,
Western Star, BharatBenz, Fuso, Setra and Thomas Built Buses. The company is
listed on the stock exchanges of Frankfurt and Stuttgart (stock exchange
symbol DAI). In 2012, the Group sold 2.2 million vehicles and employed a
workforce of 275,000 people; revenue totaled €114.3 billion and EBIT amounted
to €8.6 billion.
Figures for the 4th quarter and full-year 2012
Daimler Group Q4 Q4 Change 2012 2011 Change
amounts in euros 2012 2011 12/11 12/11
Revenue, in millions 29,830 29,066 + 3 % 114,297 106,540 + 7 %
EBIT, in millions 2,321 2,175 + 7 % 8,615 8,755 - 2 %
Net profit, in millions 2,359 1,785 + 32 % 6,495 6,029 + 8 %
Earnings per share (EPS) 2.09 1.61 + 30 % 5.71 5.32 + 7 %
Dividend proposed - - - 2.20 2.20 0 %
Employees (Dec. 31) 275,087 271,370 + 1 % 275,087 271,370 + 1 %
EBIT by Divisions Q4 Q4 Change 2012 2011 Change
in millions of euros 2012 2011 12/11 12/11
Mercedes-Benz Cars 848 1,230 - 31 % 4,389 5,192 - 15 %
Daimler Trucks 300 422 - 29 % 1,714 1,876 - 9 %
Mercedes-Benz Vans 101 256 - 61 % 541 835 - 35 %
Daimler Buses -27 109 - -232 162 -
Daimler Financial Services 288 314 - 8 % 1,292 1,312 - 2 %
Revenue by Divisions Q4 Q4 Change 2012 2011 Change
in millions of euros 2012 2011 12/11 12/11
Mercedes-Benz Cars 16,121 15,077 + 7 % 61,660 57,410 + 7 %
Daimler Trucks 7,782 8,242 - 6 % 31,389 28,751 + 9 %
Mercedes-Benz Vans 2,478 2,737 - 9 % 9,070 9,179 - 1 %
Daimler Buses 1,232 1,380 - 11 % 3,929 4,418 - 11 %
Daimler Financial Services 3,626 3,133 + 16 % 13,550 12,080 + 12 %
Sales Q4 Q4 Change 2012 2011 Change
in units 2012 2011 12/11 12/11
Daimler Group 597,041 596,203 + 0 % 2,198,029 2,111,106 + 4 %
Mercedes-Benz Cars 397,464 375,900 + 6 % 1,451,569 1,381,416 + 5 %
Daimler Trucks 112,931 129,404 - 13 % 461,954 425,756 + 9 %
Mercedes-Benz Vans 76,129 78,668 - 3 % 252,418 264,193 - 4 %
Daimler Buses 10,517 12,231 - 14 % 32,088 39,741 - 19 %
The figures in this document are preliminary and have not yet been
approved by the Supervisory Board nor audited by the external auditor.
SOURCE Daimler AG
Contact: Han Tjan, +1-212-909-9063; Joerg Howe, +49 711 17-41341; Florian
Martens, +49 711 17-35014
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