Daimler preliminary success for the economic 12 months 2020 appreciably earlier mentioned assistance and market expectations

STUTTGART, Germany, Jan. 28, 2021 /PRNewswire/ — Daimler finished the economic yr of 2020 in a hard environment with a pretty potent fourth quarter, in particular with regard to Industrial Absolutely free Cash Move. All divisions contributed to this results. Mercedes-Benz Cars and Vans exceeded vital fiscal metrics of the economical year 2019.

Industrial No cost Income Movement, Daimler Group EBIT, Mercedes-Benz Autos & Vans Return on Revenue modified and Daimler Mobility Return on Fairness modified are all noticeably previously mentioned Daimler’s steering or noticeably higher than industry anticipations for the economic calendar year 2020.

The Industrial Free Money Circulation in the fourth quarter displays the ongoing comprehensive cost and dollars preservation actions and strong operative performances throughout all divisions major to favorable dollars-conversion ratios.

“Our strategic initiatives and our extreme operational efforts are combining to supply a substantial enhancement in economical functionality across the corporation. We have continued to keep a tight grip on value and hard cash although on the commercial facet we have observed powerful demand for our goods throughout all important marketplaces and divisions. At Mercedes-Benz Cars and trucks & Vans, we were ready to merge a rapid acceleration in xEV sales with a strong economical outcome in Q4. At Daimler Trucks, the restoration of the US-market place has accelerated and we are beginning to see a positive affect from new efficiency actions in our European operations. We intend to continue on to make more development on charge-efficiencies in 2021 and will speed up the implementation of our strategic initiatives,” stated Ola Källenius, Chairman of the Board of Management of Daimler AG and Mercedes-Benz AG.

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

• Industrial Absolutely free Hard cash Move: € 8,259 million (consensus: € 5,296 million)
  Industrial Cost-free Hard cash Movement adjusted: € 9,155 million (consensus: n/a)
• Internet 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 altered: € 6,802 million (consensus: € 5,390 million)
  Return on Profits (RoS) modified: 6.9% (consensus: 5.5%)
• Daimler Vehicles & Buses EBIT: € 525 million (consensus: € 556 million)
  adjusted EBIT: € 678 million (consensus: € 689 million)
  Return on Revenue (RoS) modified: 2.% (consensus: 2.%)
• Daimler Mobility EBIT: € 1,436 million (consensus: € 1,318 million)
  adjusted EBIT: € 1,595 million (consensus: € 1,449 million)
  Return on Equity (RoE) modified: 10.9% (consensus: n/a)

The preliminary final results include things like the pursuing adjustments impacting Daimler Team EBIT and Industrial Free Cash Move:

• Legal proceedings
  influencing EBIT: € 164 million
  affecting Industrial Absolutely free Cash Circulation: € 595 million
• Restructuring
  impacting EBIT: € 1,874 million
  impacting Industrial Absolutely free Funds Move: € 301 million

Provided the improvement of successful price tag willpower continued in the fourth quarter and expected excellent fundamental need, Daimler also anticipates a good business growth in 2021. The present semiconductor shortages and COVID-19 disruptions will almost certainly effects the very first quarter 2021. You should observe these statements are designed under the assumption of no more COVID-19 lockdowns.

Daimler AG will publish further more critical figures of the financial calendar year 2020 and the fourth quarter 2020 on February 18, 2021. Daimler will give direction for the fiscal yr 2021 alongside one another with the complete yr benefits.

EBIT, EBIT modified, RoS modified, RoE altered, Industrial Cost-free Funds Circulation and Industrial Totally free Hard cash Movement adjusted are described on pp. 64 and 73 of the Daimler Yearly Report 2019.

Even further details on Daimler is readily available at:
www.media.daimler.com and www.daimler.com

This doc contains ahead-hunting statements that reflect our present sights about long term activities. The terms “anticipate,” “assume,” “believe,” “estimate,” “expect,” “intend,” “may,” “can,” “could,” “plan,” “project,” “should” and comparable expressions are utilised to establish ahead-searching statements. These statements are subject to quite a few risks and uncertainties, which includes an adverse enhancement of world wide financial problems, in particular a drop of desire in our most vital markets a deterioration of our refinancing possibilities on the credit history and fiscal marketplaces situations of drive majeure such as purely natural disasters, pandemics, acts of terrorism, political unrest, armed conflicts, industrial accidents and their results on our sales, buying, manufacturing or economical services things to do modifications in currency exchange premiums and tariff restrictions a change in customer choices to smaller, reduced-margin autos a attainable deficiency of acceptance of our products and solutions or providers which limits our skill to achieve costs and adequately make use of our production capacities value boosts for gasoline or uncooked supplies disruption of generation thanks to shortages of elements, labor strikes or provider insolvencies a decrease in resale costs of utilized autos the effective implementation of value-reduction and performance-optimization measures the small business outlook for providers in which we hold a important fairness curiosity the thriving implementation of strategic cooperations and joint ventures changes in guidelines, rules and government insurance policies, notably those people relating to auto emissions, fuel financial system and security the resolution of pending government investigations or of investigations requested by governments and the conclusion of pending or threatened potential lawful proceedings and other pitfalls and uncertainties, some of which we describe under the heading “Risk and Possibility Report” in the recent Once-a-year Report or the latest Interim Report. If any of these threats and uncertainties materializes or if the assumptions underlying any of our forward-on the lookout statements demonstrate to be incorrect, the precise effects may be materially unique from individuals we specific or suggest by these types of statements. We do not intend or suppose any obligation to update these ahead-seeking statements considering the fact that they are primarily based exclusively on the situation at the day of publication.

Daimler at a look
Daimler AG is one particular of the world’s most productive automotive organizations. With its Mercedes-Benz Vehicles & Vans, Daimler Vehicles & Buses and Daimler Mobility divisions, the Group is one particular of the leading worldwide suppliers of top quality automobiles and a person of the world’s major company of commercial motor vehicles. Daimler Mobility presents funding, leasing, fleet management, investments, credit card and insurance plan brokerage as properly as revolutionary mobility services. The business founders, Gottlieb Daimler and Carl Benz, manufactured historical past by inventing the vehicle in 1886. As a pioneer of automotive engineering, Daimler sees shaping the upcoming of mobility in a protected and sustainable way as both a drive and obligation. The company’s concentration consequently stays on ground breaking and environmentally friendly technologies as perfectly as on protected and outstanding cars that both of those captivate and inspire. Daimler carries on to spend systematically in the growth of economical powertrains – from substantial-tech combustion engines and hybrid vehicles to all-electrical powertrains with battery or gas cell – with the target of building domestically emission-totally free driving doable in the very long term. The company’s efforts are also centered on the intelligent connectivity of its motor vehicles, autonomous driving and new mobility concepts. Daimler regards it as its aspiration and obligation to reside up to its accountability to society and the atmosphere. Daimler sells its autos and expert services in just about every place of the world and has manufacturing facilities in Europe, North and South The usa, Asia and Africa. In addition to Mercedes-Benz, the world’s most useful luxury automotive model (supply: Interbrand research, 20 Oct. 2020), and Mercedes-AMG, Mercedes-Maybach and Mercedes me, its manufacturer portfolio contains good, EQ, Freightliner, Western Star, BharatBenz, FUSO, Setra and Thomas Constructed Buses as very well as the makes of Daimler Mobility: Mercedes-Benz Financial institution, Mercedes-Benz Fiscal Services and Daimler Truck Fiscal. The enterprise is mentioned on the Frankfurt and Stuttgart inventory exchanges (ticker image DAI). In 2019, the Group had a workforce of all around 298,700 and marketed 3.3 million automobiles. Team revenues amounted to €172.7 billion and Team EBIT to €4.3 billion.

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Resource Daimler North The united states – Corporate Communications