The Auto Channel
The Largest Independent Automotive Research Resource
The Largest Independent Automotive Research Resource
Official Website of the New Car Buyer

Daimler Group EBIT of 2.1 Billion Euro in the Second Quarter Above Market Expectations


PHOTO (select to view enlarged photo)

SEE ALSO:Mercedes-Benz Buyer's Guide

-- Mercedes-Benz Cars with an EBIT of 1,376 mil. euro -- Daimler Trucks with an EBIT of 300 mil. euro -- Increase of the EBIT-Guidance for 2010 as part of the Q2-report on July 27, 2010

STUTTGART, Germany, July 16, 2010; Daimler AG (stock-exchange abbreviation DAI) today released its preliminary figures for the second quarter of 2010. Group revenues amount to 25.1 (2009:19.6) billion euro, while Group Earnings before Interest and Taxes (EBIT) including special reporting items amount to 2.1 (2009: -1.0) billion euro.

The second quarter EBIT was especially carried by Mercedes-Benz Cars. The main factors for this excellent result were a positive sales development, especially in China and the U.S., an advantageous product mix as well as better price penetration and positive exchange effects. Also, the Daimler Trucks division developed positively in the second quarter und improved its operational results. The main reason was the positive sales development in our major markets as well as measures to sustainably reduce cost.

  The preliminary EBIT of each division is:
  Mercedes-Benz Cars 1,376 million euro;
  Daimler Trucks 300 million euro;
  Mercedes-Benz Vans 127 million euro;
  Daimler Buses 79 million euro;
  Daimler Financial Services 171 million euro.

  The divisions' revenues are:
  Mercedes-Benz Cars 14.018 billion euro;
  Daimler Trucks 5.853 billion euro;
  Mercedes-Benz Vans 1.977 billion euro;
  Daimler Buses 1.205 billion euro;
  Daimler Financial Services 3.322 billion euro.

The Daimler Group will increase its EBIT guidance for 2010 as part of its second quarter report on July 27, 2010.

All figures are preliminary and not reviewed by the auditor.

Further information on Daimler is available on the internet at: http://media.daimler.com/

About Daimler

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 its customers with a full range of automotive financial services including financing, leasing, insurance and fleet management.

The company's founders, Gottlieb Daimler and Carl Benz, made history with the invention of the automobile in the year 1886. As an automotive pioneer, Daimler continues to shape the future of mobility. The Group applies innovative and green technologies to produce safe and superior vehicles which fascinate and delight its customers. With the development of alternative drive systems, Daimler is the only vehicle producer investing in hybrid drive, electric motors and fuel-cell systems, with the goal of achieving emission-free mobility in the long term. 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 automotive brand, Mercedes-Benz, the brands smart, Maybach, Freightliner, Western Star, Fuso, Setra, Orion and Thomas Built Buses. The company is listed on the stock exchanges of Frankfurt, New York and Stuttgart (stock exchange symbol DAI). In 2009, the Group sold 1.6 million vehicles and employed a workforce of more than 256,000 people; revenue totaled euro 78.9 billion and EBIT amounted minus euro 1.5 billion.