DaimlerChrysler Announces Key Financial Figures for 2000
* Operating profit for 2000 including one-time effects down 11% to 9.8
billion euro, adjusted for one-time effects down 49% to 5.2 billion
euro
* Net income up 37% to 7.9 billion euro; excluding one-time effects down
44% to 3.5 billion euro
* Earnings per share rose by 37% to 7.87 euro, excluding one-time effects
3.47 euro after 6.21 euro in 1999
* Board of Management proposes dividend of 2.35 euro per share
STUTTGART, Germany and AUBURN HILLS, Mich., Feb. 7 Revenues of DaimlerChrysler Group for the full year of 2000 grew by 8% to
162.4 billion euro, calculated on a comparable basis the increase was 12%.
Operating profit for the full year including one-time effects decreased
11% to 9.8 billion euro while net income increased significantly by 37% to
7.9 billion euro and earnings per share rose from 5.73 euro to 7.87 euro, the
company announced the key financials following a Board of Management meeting,
at which the financial statements for 2000 were approved.
Excluding one-time effects totaling 4.5 billion euro operating profit was
significantly impacted by second half losses in the North American market,
especially at Chrysler Group and declined by 49% to 5.2 billion euro. Net
income was down 44% to 3.5 billion euro (1999: 6.2 billion euro) and earnings
per share were lower at 3.47 euro (1999: 6.21 euro).
The above mentioned one-time effects included in the operating profit for
2000 arose primarily from the strategic decision to concentrate on the
company's core automotive business. The major items were the IT Joint venture
with Deutsche Telekom resulting in a de-consolidation of debis Systemhaus,
DaimlerChrysler's IT services company, as well as the foundation/IPO of EADS.
Dividend proposal
The Board of Management recommends to the Supervisory Board a dividend for
the year 2000 of 2.35 euro per share, which is the same as was paid for 1999.
The financial statements and the Board's dividend proposal are subject to
approval by DaimlerChrysler's Supervisory Board at its meeting on February 23,
2001.
This press release contains forward-looking statements based on beliefs of
DaimlerChrysler management. When used in this release, the words
"anticipate," "believe," "estimate," "expect," "intend," "plan," and "project"
are intended to identify forward-looking statements. Such statements reflect
the current views of DaimlerChrysler with respect to future events and are
subject to risks and uncertainties. Many factors could cause the actual
results to be materially different, including, among others, changes in
general economic and business conditions, changes in currency exchange rates
and interest rates, introduction of competing products, lack of acceptance of
new products or services and changes in business strategy. Actual results may
vary materially from those projected here. DaimlerChrysler does not intend or
assume any obligation to update these forward-looking statements.
Key figures of the DaimlerChrysler Group
Full Year
2000 2000 1999 00:99 in %
- in millions -
US$ EUR EUR
Revenues 152,446 162,384 149,985 +8 *
Operating Profit 9,155 9,752 11,012 (11)
Adjusted 4,894 5,213 10,316 (49)
Net Income 7,411 7,894 5,746 +37
Earnings per Share
(in US$/EUR) 7.39 7.87 5.73 +37
Net Income Adjusted 3,268 3,481 6,226 (44)
Earnings per Share Adjusted
(in US$/EUR) 3.26 3.47 6.21 (44)
* Comparable +12 %
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