Daimler preliminary results for the monetary 12 months 2020 drastically earlier mentioned guidance and industry expectations

STUTTGART, Germany, Jan. 28, 2021 /PRNewswire/ — Daimler completed the money year of 2020 in a demanding environment with a extremely strong fourth quarter, in specific with regard to Industrial Free Hard cash Flow. All divisions contributed to this achievements. Mercedes-Benz Vehicles and Vans exceeded key monetary metrics of the economic year 2019.

Industrial Free of charge Dollars Flow, Daimler Team EBIT, Mercedes-Benz Autos & Vans Return on Product sales adjusted and Daimler Mobility Return on Fairness adjusted are all significantly earlier mentioned Daimler’s steering or significantly earlier mentioned industry expectations for the financial 12 months 2020.

The Industrial Absolutely free Cash Circulation in the fourth quarter demonstrates the continued substantial cost and income preservation actions and potent operative performances across all divisions top to favorable hard cash-conversion ratios.

“Our strategic initiatives and our intense operational efforts are combining to produce a significant advancement in financial overall performance throughout the firm. We have ongoing to retain a restricted grip on cost and hard cash whilst on the professional aspect we have observed potent desire for our items throughout all major markets and divisions. At Mercedes-Benz Cars & Vans, we were equipped to blend a swift acceleration in xEV sales with a powerful economic end result in Q4. At Daimler Vans, the recovery of the US-current market has accelerated and we are starting to see a positive affect from new performance measures in our European operations. We intend to carry on to make even further development on expense-efficiencies in 2021 and will speed up the implementation of our strategic initiatives,” said Ola Källenius, Chairman of the Board of Management of Daimler AG and Mercedes-Benz AG.

The pursuing stated figures for the FY 2020 are preliminary and unaudited:

  • Industrial Totally free Dollars Movement: € 8,259 million (consensus: € 5,296 million)
    Industrial Free of charge Dollars Flow altered: € 9,155 million (consensus: n/a)
  • Net Industrial Liquidity: € 17.9 billion (end of Q3 2020: € 13.1 billion)
  • Daimler Group EBIT: € 6,603 million (consensus: € 5,245 million)
    EBIT altered: € 8,641 million (consensus: € 7,120 million)
  • Mercedes-Benz Vehicles & Vans EBIT: € 5,172 million (consensus: € 3,850 million)
    EBIT adjusted: € 6,802 million (consensus: € 5,390 million)
    Return on Sales (RoS) modified: 6.9% (consensus: 5.5%)
  • Daimler Vehicles & Buses EBIT: € 525 million (consensus: € 556 million)
    modified EBIT: € 678 million (consensus: € 689 million)
    Return on Gross sales (RoS) adjusted: 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) altered: 10.9% (consensus: n/a)

The preliminary benefits include things like the adhering to changes affecting Daimler Team EBIT and Industrial Absolutely free Money Stream:

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

Given the progress of thriving price willpower ongoing in the fourth quarter and expected very good underlying desire, Daimler also anticipates a favourable organization advancement in 2021. The latest semiconductor shortages and COVID-19 disruptions will in all probability effect the very first quarter 2021. Make sure you observe these statements are designed below the assumption of no more COVID-19 lockdowns.

Daimler AG will publish more important figures of the economic 12 months 2020 and the fourth quarter 2020 on February 18, 2021. Daimler will provide guidance for the fiscal yr 2021 with each other with the whole year results.

EBIT, EBIT altered, RoS modified, RoE altered, Industrial Free of charge Income Circulation and Industrial Totally free Money Move altered are outlined on pp. 64 and 73 of the Daimler Annual Report 2019.

Even more facts on Daimler is offered at:
www.media.daimler.com and www.daimler.com

This doc has forward-seeking statements that replicate our existing sights about future occasions. The phrases “anticipate,” “assume,” “believe,” “estimate,” “expect,” “intend,” “may,” “can,” “could,” “plan,” “project,” “should” and very similar expressions are utilized to discover forward-looking statements. These statements are matter to numerous pitfalls and uncertainties, such as an adverse enhancement of world-wide financial circumstances, in unique a decline of need in our most essential markets a deterioration of our refinancing opportunities on the credit history and financial markets activities of pressure majeure such as purely natural disasters, pandemics, acts of terrorism, political unrest, armed conflicts, industrial mishaps and their effects on our profits, paying for, creation or economical providers routines improvements in currency trade costs and tariff regulations a change in shopper preferences in direction of smaller, lower-margin motor vehicles a possible deficiency of acceptance of our merchandise or services which limits our means to attain rates and sufficiently make the most of our creation capacities selling price improves for fuel or uncooked components disruption of production because of to shortages of materials, labor strikes or supplier insolvencies a drop in resale selling prices of applied vehicles the helpful implementation of expense-reduction and effectiveness-optimization actions the business outlook for businesses in which we hold a sizeable fairness curiosity the productive implementation of strategic cooperations and joint ventures improvements in regulations, rules and federal government procedures, specially individuals relating to auto emissions, gasoline financial state and security the resolution of pending government investigations or of investigations requested by governments and the summary of pending or threatened future authorized proceedings and other hazards and uncertainties, some of which we explain under the heading “Risk and Prospect Report” in the present Annual Report or the latest Interim Report. If any of these pitfalls and uncertainties materializes or if the assumptions fundamental any of our forward-looking statements confirm to be incorrect, the genuine effects may well be materially distinct from those people we convey or imply by these types of statements. We do not intend or believe any obligation to update these forward-seeking statements considering that they are based exclusively on the circumstances at the date of publication.

Daimler at a look
Daimler AG is just one of the world’s most profitable automotive providers. With its Mercedes-Benz Automobiles & Vans, Daimler Vehicles & Buses and Daimler Mobility divisions, the Team is a person of the top world wide suppliers of quality cars and trucks and just one of the world’s greatest company of business motor vehicles. Daimler Mobility features funding, leasing, fleet management, investments, credit score card and insurance policy brokerage as very well as revolutionary mobility products and services. The company founders, Gottlieb Daimler and Carl Benz, produced historical past by inventing the car in 1886. As a pioneer of automotive engineering, Daimler sees shaping the long term of mobility in a secure and sustainable way as equally a determination and obligation. The company’s focus therefore stays on impressive and green technologies as very well as on protected and top-quality automobiles that each captivate and inspire. Daimler continues to commit systematically in the development of efficient powertrains – from high-tech combustion engines and hybrid cars to all-electrical powertrains with battery or fuel mobile – with the goal of building locally emission-free of charge driving feasible in the lengthy expression. The company’s endeavours are also targeted on the smart connectivity of its cars, autonomous driving and new mobility concepts. Daimler regards it as its aspiration and obligation to reside up to its obligation to culture and the surroundings. Daimler sells its cars and providers in almost each and every state of the globe and has generation services in Europe, North and South America, Asia and Africa. In addition to Mercedes-Benz, the world’s most important luxury automotive brand (supply: Interbrand examine, 20 Oct. 2020), and Mercedes-AMG, Mercedes-Maybach and Mercedes me, its brand name portfolio involves clever, EQ, Freightliner, Western Star, BharatBenz, FUSO, Setra and Thomas Developed Buses as effectively as the models of Daimler Mobility: Mercedes-Benz Lender, Mercedes-Benz Financial Expert services and Daimler Truck Economical. The organization is listed on the Frankfurt and Stuttgart stock exchanges (ticker symbol DAI). In 2019, the Group experienced a workforce of close to 298,700 and bought 3.3 million automobiles. Team revenues amounted to €172.7 billion and Team EBIT to €4.3 billion.

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Source Daimler North America – Company Communications

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