July 25, 2024

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Daimler preliminary outcomes for the monetary yr 2020 drastically above steerage and market place expectations

STUTTGART, Germany, Jan. 28, 2021 /PRNewswire/ — Daimler accomplished the money calendar year of 2020 in a hard natural environment with a very solid fourth quarter, in certain with regard to Industrial No cost Cash Stream. All divisions contributed to this achievement. Mercedes-Benz Automobiles and Vans exceeded important economic metrics of the economical 12 months 2019.

Industrial Absolutely free Funds Circulation, Daimler Team EBIT, Mercedes-Benz Autos & Vans Return on Profits adjusted and Daimler Mobility Return on Fairness adjusted are all appreciably above Daimler’s assistance or considerably above market place expectations for the financial 12 months 2020.

The Industrial No cost Money Circulation in the fourth quarter displays the continued comprehensive price tag and funds preservation actions and robust operative performances across all divisions leading to favorable money-conversion ratios.

“Our strategic initiatives and our intensive operational attempts are combining to provide a sizeable improvement in economic overall performance across the business. We have ongoing to hold a limited grip on price and income though on the commercial facet we have seen strong desire for our merchandise across all key markets and divisions. At Mercedes-Benz Vehicles & Vans, we were being in a position to incorporate a rapid acceleration in xEV income with a strong financial result in Q4. At Daimler Vehicles, the recovery of the US-market place has accelerated and we are beginning to see a favourable impact from new performance measures in our European operations. We intend to proceed to make more progress on price tag-efficiencies in 2021 and will speed up the implementation of our strategic initiatives,” mentioned Ola Källenius, Chairman of the Board of Administration of Daimler AG and Mercedes-Benz AG.

The subsequent said figures for the FY 2020 are preliminary and unaudited:

  • Industrial Totally free Income Flow: € 8,259 million (consensus: € 5,296 million)
    Industrial Totally free Income Move modified: € 9,155 million (consensus: n/a)
  • Net Industrial Liquidity: € 17.9 billion (close of Q3 2020: € 13.1 billion)
  • Daimler Team EBIT: € 6,603 million (consensus: € 5,245 million)
    EBIT adjusted: € 8,641 million (consensus: € 7,120 million)
  • Mercedes-Benz Autos & Vans EBIT: € 5,172 million (consensus: € 3,850 million)
    EBIT adjusted: € 6,802 million (consensus: € 5,390 million)
    Return on Gross sales (RoS) modified: 6.9% (consensus: 5.5%)
  • Daimler Trucks & Buses EBIT: € 525 million (consensus: € 556 million)
    adjusted EBIT: € 678 million (consensus: € 689 million)
    Return on Revenue (RoS) altered: 2.% (consensus: 2.%)
  • Daimler Mobility EBIT: € 1,436 million (consensus: € 1,318 million)
    adjusted EBIT: € 1,595 million (consensus: € 1,449 million)
    Return on Fairness (RoE) adjusted: 10.9% (consensus: n/a)

The preliminary final results include the pursuing changes influencing Daimler Team EBIT and Industrial Absolutely free Funds Flow:

  • Lawful proceedings
    influencing EBIT: € 164 million
    affecting Industrial Absolutely free Money Stream: € 595 million
  • Restructuring
    influencing EBIT: € 1,874 million
    influencing Industrial Free of charge Money Movement: € 301 million

Given the enhancement of productive expense willpower ongoing in the fourth quarter and envisioned superior fundamental demand from customers, Daimler also anticipates a constructive enterprise progress in 2021. The present semiconductor shortages and COVID-19 disruptions will most likely impression the very first quarter 2021. Remember to observe these statements are manufactured less than the assumption of no more COVID-19 lockdowns.

Daimler AG will publish even more essential figures of the economical 12 months 2020 and the fourth quarter 2020 on February 18, 2021. Daimler will provide direction for the monetary yr 2021 collectively with the comprehensive calendar year benefits.

EBIT, EBIT adjusted, RoS modified, RoE modified, Industrial Free Cash Move and Industrial Free Cash Move altered are described on pp. 64 and 73 of the Daimler Annual Report 2019.

More information and facts on Daimler is obtainable at:
www.media.daimler.com and www.daimler.com

This doc incorporates ahead-seeking statements that reflect our existing sights about long run functions. The phrases “anticipate,” “assume,” “believe,” “estimate,” “expect,” “intend,” “may,” “can,” “could,” “plan,” “project,” “should” and equivalent expressions are applied to detect ahead-seeking statements. These statements are subject matter to quite a few dangers and uncertainties, which includes an adverse progress of world financial ailments, in unique a decline of demand in our most crucial markets a deterioration of our refinancing choices on the credit history and monetary markets gatherings of power majeure which includes organic disasters, pandemics, acts of terrorism, political unrest, armed conflicts, industrial accidents and their consequences on our sales, purchasing, manufacturing or economic providers activities improvements in forex exchange costs and tariff polices a change in shopper preferences in the direction of more compact, reduced-margin motor vehicles a attainable absence of acceptance of our products or companies which limits our skill to realize costs and adequately employ our production capacities selling price will increase for gasoline or raw materials disruption of output thanks to shortages of products, labor strikes or provider insolvencies a decrease in resale rates of applied cars the successful implementation of expense-reduction and effectiveness-optimization measures the company outlook for organizations in which we hold a major fairness curiosity the prosperous implementation of strategic cooperations and joint ventures changes in legal guidelines, restrictions and authorities policies, particularly individuals relating to automobile emissions, gas financial state and safety the resolution of pending govt investigations or of investigations requested by governments and the summary of pending or threatened foreseeable future authorized proceedings and other threats and uncertainties, some of which we explain below the heading “Risk and Possibility Report” in the latest Annual Report or the latest Interim Report. If any of these hazards and uncertainties materializes or if the assumptions fundamental any of our ahead-seeking statements verify to be incorrect, the real final results may possibly be materially various from these we specific or indicate by these kinds of statements. We do not intend or believe any obligation to update these ahead-looking statements considering the fact that they are based exclusively on the situation at the date of publication.

Daimler at a glance
Daimler AG is one of the world’s most successful automotive corporations. With its Mercedes-Benz Automobiles & Vans, Daimler Vehicles & Buses and Daimler Mobility divisions, the Group is 1 of the top global suppliers of premium cars and just one of the world’s most significant manufacturer of industrial cars. Daimler Mobility offers funding, leasing, fleet administration, investments, credit rating card and insurance plan brokerage as well as impressive mobility solutions. The company founders, Gottlieb Daimler and Carl Benz, designed historical past by inventing the automobile in 1886. As a pioneer of automotive engineering, Daimler sees shaping the long run of mobility in a safe and sustainable way as both equally a motivation and obligation. The company’s target consequently remains on progressive and eco-friendly systems as properly as on protected and exceptional autos that both of those captivate and inspire. Daimler continues to spend systematically in the progress of productive powertrains – from superior-tech combustion engines and hybrid motor vehicles to all-electric powered powertrains with battery or gas mobile – with the goal of building regionally emission-no cost driving achievable in the very long term. The company’s endeavours are also centered on the clever connectivity of its motor vehicles, autonomous driving and new mobility ideas. Daimler regards it as its aspiration and obligation to stay up to its responsibility to society and the surroundings. Daimler sells its cars and companies in practically every country of the globe and has manufacturing facilities in Europe, North and South The usa, Asia and Africa. In addition to Mercedes-Benz, the world’s most important luxury automotive model (source: Interbrand analyze, 20 Oct. 2020), and Mercedes-AMG, Mercedes-Maybach and Mercedes me, its model portfolio contains wise, EQ, Freightliner, Western Star, BharatBenz, FUSO, Setra and Thomas Constructed Buses as properly as the brands of Daimler Mobility: Mercedes-Benz Financial institution, Mercedes-Benz Economic Providers and Daimler Truck Monetary. The business is mentioned on the Frankfurt and Stuttgart stock exchanges (ticker symbol DAI). In 2019, the Group had a workforce of all around 298,700 and offered 3.3 million cars. Group revenues amounted to €172.7 billion and Group EBIT to €4.3 billion.

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