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Posts Tagged ‘daimler earnings’

Record Sales for Mercedes Mean Big Profits for Daimler

But outlook is cautious for 2017.

by on Feb.02, 2017

Daimler Chairman Dieter Zetsche with a concept version of the Generation-EQ battery-car.

With Mercedes-Benz capturing the crown as the world’s best-selling luxury car brand last year, parent Daimler AG now has another reason to celebrate.

The German company saw its fourth-quarter net earnings surge by 18%, to 2.2 billion euros, or $2.4 billion, up from 1.9 billion euros the year before. For the full year, Daimler reported a profit of 8.7 billion euros, or $9.4 billion, a slight year-over-year improvement.

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The upturn demonstrated that Daimler is on track as it broadens its scope with new technologies and new lines of business, declared CEO Dieter Zetsche. “Those who wish to shape the future of the automobile at the forefront of the automotive industry need both financial strength and innovative skill,” Zetsche said in a statement. “In 2016, we demonstrated that the combination of these two factors at Daimler is stronger now than ever before.”


Mercedes Sales Lift Daimler AG 2015 Profits

Demand for SUVs, C-Class adds to bottom line.

by on Feb.04, 2016

Daimler's Dieter Zetsche says that Mercedes-Benz sales helped to carry the company to strong 2015.

Daimler AG reported its fourth-quarter and full-year earnings were up over the previous year due in large measure to strong sales from its Mercedes-Benz luxury car division.

“2015 was a good year for Daimler,” CEO Dieter Zetsche said in the statement. “Getting to the top is hard, but staying at the top is even harder. That’s our ambition.”

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The company’s fourth-quarter earnings before interest and tax rose 22% to $3.8 billion and its revenue jumped 13% to $45.3 billion. For the full year, EBIT increased  to $15.5 billion: a jump of 36%. (more…)

Daimler Sales Q2 Earnings up 20 Percent

German company rides strong car sales to profitability.

by on Jul.23, 2015

Dieter Zetsche said strong sales from Mercedes-Benz helped to drive Q2 profitability for Daimler AG.

Daimler AG reported its sales increased by 19% to 37.5 billion euros in the second quarter, while earnings before interest and takes increased by 20% to 3.7 billion euros.

The company’s earnings before interest and taxes improved by a substantial 54% to 3.8 billion while net profit rose by 8% to 2.4 billion euros. Prior year’s second quarter’s net profit was positively affected from the remeasurement of the Tesla shares.

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“We achieved the targeted margin for Mercedes-Benz Cars in the first half of the year. In all other automotive divisions, we are about to achieve our margin targets,” stated Dr. Dieter Zetsche, chairman of the Board of Management of Daimler AG and head of Mercedes-Benz Cars. (more…)

Daimler Earnings Nearly Double on Strong Sales of New Mercedes Models

by on Apr.28, 2015

Driving hard: the new Mercedes-Benz C-Class.

Even as two key U.S. rivals reported weak earnings for the first quarter, Daimler AG delivered an unexpectedly strong performance, its net profit nearly doubling as luxury buyers raced to showrooms to snap up some of its newest Mercedes-Benz models.

The Mercedes brand has been rolling out new products at an unprecedented rate, planning, on average, about one every quarter, something that Max Warburton, an auto analyst with Sanford C. Bernstein dubbed a “powerful product cycle.”

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Virtually every number showed improvement during the quarter. Net earnings rose to 2.050 billion Euros, of $2.232 billion, from 1.09 billion Euros a year ago. Revenue, meanwhile, surged 16% for the quarter, to 34.2 billion Euros.


Surge in Sales Propels Daimler Profits

Revenues up 6% as demand grows for new S-Class, other models.

by on Jul.23, 2014

Daimler AG CEO Dieter Zetsche during a recent product unveiling. Mercedes plans to launch 30 new models by the end of the decade.

Promising to regain its once-formidable lead as the world’s top luxury car manufacturer, Daimler AG has unleashed an unprecedented product assault that has begun gaining traction with consumers – driving a surge in second-quarter sales and earnings for the parent of the Mercedes-Benz and Smart brands.

With revenues up 6%, to $42.4 billion, Daimler posted a net profit of nearly $3 billion for the April to June period. But perhaps more telling was the fact that earnings before interest and taxes, or EBIT, shot to 7.9% of revenue during the latest quarter, up from 6.4% a year earlier.

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“We are growing profitably, our strategy is bearing fruit,” said Daimler AG Chief Executive Dieter Zetsche in statement accompanying the earnings announcement. “We are very satisfied with the second quarter and continue to work effectively on structural improvements.”


New Products Drive Sharp Surge in Daimler Earnings

CLA, other line-up additions draw in new buyers for Mercedes brand.

by on Apr.30, 2014

Mad Men star Jon Hamm helped unveil the new S63 AMG 4Matic Coupe at the NY Auto Show.

With new models like the Mercedes-Benz CLA drawing in a new generation of buyers, the brand’s German parent Daimler AG reported its net profit nearly doubled during the first quarter.

The German maker had struggled to overcome a series of problems in recent years, notably including a slide in demand in China, but Mercedes’ rebound in that booming market further lifted the maker’s earnings to 1.086 billion Euros for the January to March quarter, or $1.498 billion, up from 564 million Euros a year earlier.

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“Our strategy is paying off,” said Daimler CEO Dieter Zetsche, “our investments are bearing fruit.”

In a statement accompanying its earnings, the maker predicted both revenues and earnings would “significantly increase” for all of 2014 as it gained ground in China while also boosting sales in more established markets like the U.S. and Europe.


Daimler Third-Quarter Earnings Rocket up 50 Percent

by on Oct.24, 2013

Daimler AG reported a 50% increase in earnings in the third quarter with Mercedes-Benz sales accounting for much of the increase.

Daimler AG saw it earning jump 50% in the third quarter as units sales increased by 13% on record sales by Mercedes-Benz.

In the third quarter of 2013, Daimler AG net income reached 1,897 million euros, compared with 1,238 million euros in the same period a year ago. Earnings per share were 1.72 euros versus 1.06 in the third quarter of 2012.

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On the basis of current market assessments, Daimler also said it expect earnings before interest and taxes to total 7.5 billion euros for full-year 2013. (more…)

Daimler Q1 Earnings Fall by Over Half

German maker slashes full-year forecast.

by on Apr.24, 2013

Daimler CEO Dieter Zetsche is under increasing pressure to deliver a turnaround.

Daimler CEO Dieter Zetsche is under increasing pressure to deliver a turnaround - fast.

Daimler AG suffered through another disappointing quarter as both earnings and revenues tumbled more than analysts expected during the January to March period, putting more pressure on the company’s top executive, Chairman Dieter Zetsche, to produce a turnaround.

The German parent of the Mercedes-Benz and Smart car brands scrapped its 2013 forecast after reporting first quarter earnings before interest and taxes, or EBIT, collapsed by more than half, to 917 million euros from 2.1 billion during the same period a year ago.

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“The company’s margins have collapsed,” observed one analyst during a conference call in which the company’s top executives discussed the quarterly report.

It was an observation senior management struggled to downplay during the call.


European Crisis Puts Squeeze on Daimler

“Great achievements” tempered by missed targets.

by on Feb.08, 2013

Daimler AG CEO Dieter Zetsche during a preview of the latest Mercedes-Benz E-Class.

With European auto sales sliding to their lowest level in decades last year, the impact has been available, even for the industry’s strongest, most globalized players. That notably includes Daimler AG, which is scrambling to find ways to slash costs after watching its earnings before interest and taxes, or EBIT, drop by 10% in 2012 despite record sales at Mercedes-Benz Cars.

The group’s net profit did rise to 6.5 billion euros, compared to a 6 billion euro net profit for 2011. Last year’s results, however, included a one-time gain on the sale of 7.5% of Daimler’s shares of EAD, the European aerospace and defense company.

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Despite putting a spin on 2012 as a year with “some great achievements,” Dieter Zetsche, Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars, acknowledged that, “Notwithstanding our success and the numerous pioneering investments in 2012, it is a fact that we did not reach our own targets for earnings and profitability,”


Daimler Earnings Suffers as Euro Market Tumbles

German maker cuts full-year forecast.

by on Oct.25, 2012

CEO Dieter Zetsche, pop star Aloe Blacc and the new Mercedes-Benz A-Class wagon. Daimler is counting on the new small car to help reverse recent setbacks.

Daimler AG’s earnings dropped by more than 12% in the third quarter and the company expects earnings before interest and taxes to decline for the full year as the European auto slump takes its toll on the company.

The maker is now counting on new product, especially the next-generation A-Class, to help reverse recent declines. But analysts warn a turnaround could be several quarters away.

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“Considering the significantly more difficult market conditions, Daimler achieved good earnings results for the third quarter, said Dieter Zetsche, “Due to the economic challenges, Daimler will not match the high prior-year EBIT in full-year 2012, but will still post good earnings once again,” the Daimler Chairman and CEO emphasized.