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Daimler Marks 125th Anniversary with Record Revenues and Profits

But challenges face the maker in 2012.

by on Feb.10, 2012

Daimler CEO Zetsche had good news to mark the close of the company's 125th anniversary.

Daimler AG, parent to Mercedes-Benz and Smart, is wrapping up its 125th anniversary with a series of all-times records, the maker has announced, including all-time earnings and revenues.

The German maker posted a net profit of 6 bllion euros, or roughly $8.2 billion, on record sales of 106.5 billion Euros, or $145 billon, last year.  Adding to the birthday news, Mercedes-Benz Cars achieved new peaks for unit sales, revenue and earnings before interest and taxes.

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Daimler’s truck operations, meanwhile, showed significant improvement in unit sales, revenue and earnings, despite global economic weakness.

After the 9% increase in sales in 2011, however, Daimler is only predicting modest growth, this year. Nevertheless, in regional terms, Mercedes-Benz Cars sees further growth opportunities in 2012 in North America, as well as in China, India and Russia. “Prospects in Western Europe are rather limited, however,” the company said.