11.2.2020 Stuttgart. (Stock Exchange abbreviation: DAI) Daimler AG published the preliminary results for fiscal year 2019, 31. Was completed in December 2019.
The group’s sales volume 3,34 (2018: 3,35) million passenger cars and commercial vehicles last year was not quite over. Sales by 3% for 2018 172.7: 167,4) billion€, respectively. Of the Daimler Group in the financial year (from the year 2018 9.1) billion € 4.3 profit before interest and tax achieved in 2019. Measures such as profit before interest and tax and legal processes as related items, restructuring measures and M&A matters include. The ongoing work reflects the adjusted profit before interest and tax of 10.3 million euros.
- Mercedes Ola Kallenius and board of management of Daimler AG, Chairman-Benz AG:
- Investments, free cash flow and liquidity
- Individual business areas
- Sustainable Business Strategy
Mercedes Ola Kallenius and board of management of Daimler AG, Chairman-Benz AG:
“Our results attractive for our products in the year 2019, reflecting continued strong demand, while we can’t be satisfied. Especially important-time charges adversely affected last year’s financial results negatively. The future of our company CO2-neutral mobility, digitization, such as the consistent lies in both. Thus, we will exploit the full potential of our products and our processes. To achieve this, we have largely increased our investments in new technologies. Play for our technological leadership, we are committed to significantly improving the profitability and at the same time. This is necessary to increase cash flow, reduce costs, and comprehensive measures are included. This in 2019, we identified and implementation has begun. As the basis of our future strategy, we will take the necessary measures to strengthen our financial strength.“
2.7 the group’s net profit in the fiscal year (2018) fell to 7.6 billion euros for. The shareholders of the group earnings in accordance with Daimler AG, 2.4 (2018: 7,2) billion € was. This is € 2.20 (2018: 6,78) earnings per share has been reduced. The board of directors for the annual general meeting and the supervisory board on 1. 0,90 per share (2018: 3,25), € April 2020, will propose a dividend of. The sum of payment 1.0 (2018: 3,5) billion €.
Investments, free cash flow and liquidity
The group’s investments in property, plant and equipment 7.1 fiscal year 2019 (2018: 7.5) billion and EUR declined. 9.7 research and development expenditures (2018: 9,1) rose to billion euros. 1.4 industrial business Free Cash Flow (2018: 2.9) billion euros. A substantial amount of money is a significant decline, while in the case of diesel vehicles, the official within the scope of the investigations contributed. Resources for this include the use of new products and technologies continuous high. The net liquidity of the industrial business, to stabilize the tenant’s account 11 (2018: 16,3) with IFRS16 billion euro dividend for the year 2018 and then after receiving the payment. IFRS16 then the tenant’s ledger account at the end of the year 2018 from the beginning of this year the net liquidity of the industrial business decreased € 3.2 billion in 2019.
Individual business areas
2.385.400 of the previous year in fiscal year 2019, which is sold in the commercial area of Mercedes-Benz cars, a total of (2018: 2.382.800) units and, therefore, are at record levels, still a little hung over. Sales are unbeatable (2018: 93,1) billion € to Rose. Profit before interest and tax 53% 3.359 (2018: 7.216) million EUR respectively. The return on sales (in the year 2018 8%) 3.6%, respectively. Ongoing legislative and judicial processes in the case of the sad re the risks and measures have Mercedes-Benz diesel vehicles, a recall of Takata airbags have expenses such as. Investment sales revenue growth and the implementation of new technologies and products in a better price, continued at a high level. Off an item, adjusted earnings before interest and tax, 5.841 million euros, 6.2% return on sales has been adjusted.
Sales of Daimler Trucks 488.500 for fiscal year 2019 6% (2018: 517.300) volume decreased. Sales 5% of 40.2 (2018 only 38,3) billion € to Rose. Profit before interest and tax 11% 2.463 (2018: 2.753) million € fell. Return on sales 6.1% (2018: 7,2%) rose. In the NAFTA region, especially when it comes to business, a continued strong Volume declines in Europe and Asia had little impact on earnings. Negative effects open to new technologies, investments and capacity adjustments in connection with the high costs was due to costs.
Mercedes-Benz Vans sales in fiscal year 2019 4% 438.400 (2018: 421.400) number has been reached. Sales of 9% for 2018 14,8: 14,5) billion€, respectively. The profit before interest and tax 3.085 (2018: plus 312) minus million euro decreased. The return on sales (2018: plus 2.3%) and by 20%, it was minus 8. Higher sales and a more appropriate model for the mixture can have a positive impact on earnings, while earnings before interest and tax advances, Mercedes-Benz is of decisive importance for the assessment of risks in the case of diesel vehicles. In addition, a recall of Takata airbags and the priority of expenses in connection with the review influenced product portfolio for expenses, interest and profit before tax is negative. In order to improve the job situation in the year 2019, appropriate measures were taken. An item is closed, adjusted, profit before interest and taxes by 1.9% sales 284 million euros was adjustable return.
Daimler Buses in fiscal year 2019 6% 32.600 (2018) 31,204 units for boosted sales. Of sales 5% 4.7 (2018: 4.5) billion € to Rose. Profit before interest and tax 7% 283 (2018: 265) million grew to EUR. The return on sales (2018: 5,9%) %6.0 was. Positive development in Brazil and favorable foreign exchange rate effects of sales growth worn. In Europe, Mannheim is the place in mass-production battery-electric buses Mercedes-Benz Citaro for the operation and the line will be delivered to the customer.
In the case of Daimler Mobility, new business in fiscal year 2019 3% 74.4 million billion (2018: 71,9) € euro rose. Of sales 9% 28,6 (2018: EUR 37,4) rose to billion euros. The profit before interest and tax of 55% 2.140 (2018: 1.384) € million rose. Return on capital 15.3%, Japan 4.8% above the previous year. Combining the mobility services of the BMW Group and Daimler has a positive effect on earnings. In addition, increased contract unit contributed to an increase of the gain. Sad was due to the higher capital ratio, more stringent conditions. Negative now in connection with the profit before interest and tax expenses of the group were affected by the reorganization. Off an item, adjusted earnings before interest and tax, amounted to 1.827 million euros and %adjusted return on equity 13.1.
The end of the fiscal year (2018: 298.683) was standing 298.655 running group worldwide employees by 2019. 173.813 (2018: 174.663) in Germany employment (2018: 26.310) U.S. China consolidated affiliated 25.788 4.439 active state (2018: 4.424) and there was.
Sustainable Business Strategy
A sustainable business strategy, the transformation of the automobile industry Daimler presents challenges. Demand for individual mobility and global freight and passenger transport to grow, and continue to be essential to the core business, such as making the automobile manufacturer will continue to. Sunday premium for the volume cars in the future, the market will continue to grow at a faster rate and more sustainable. At the same time, Daimler is committed to continuously act on CO2 neutral.
Important to achieving future financial goals of CO2-electric mobility and network-oriented fields are required for a major technical and financial effort. Emerging cost pressures to increase productivity, the company requires a comprehensive set of order and the free cash flow increases.
Among the measures, among other things, such as the reduction of administrative costs as well as significant reduction in material and staff costs more than € 1.4 billion until the end of 2022. The goal of a world more socially compatible layoffs, including the reduction of management positions.
In the current year, to continue Daimler Mercedes – Benz cars, among other things, multimedia system on the market with the latest version of BUX-class S-new. The product of insult and electrical will be exposed: This EQA, with the first all-electric SUV-a compact model will be announced in the autumn.
Mercedes-Benz Vans has expanded its product portfolio with the addition of fully electric EQV. The technology the Volt is a plug-in hybrid-drive vehicle with numerous-and 48. Overall in total sales in 2020, hybrid quad Plug Mercedes-Benz Factory, sharing, and all-electric vehicle. Thus, a further increase in the production of the battery connected: the future of batteries for electric vehicles in nine factories in seven locations on three continents are manufactured.
By 2020 Daimler expects group sales for slightly under the previous year’s level. -Benz Vans and Daimler Trucks Mercedes-Benz Cars, Mercedes, a slight decline in sales, we expect that compared to the previous year. Daimler Buses, however, expects a slight increase in sales. In the case of Daimler Mobility, a new job contract and before the unit is likely to go easily back to the level of class.
In the current fiscal year at the previous year’s level, sales of the Daimler Group. Mercedes-Benz cars and trucks, in the case of sales is expected to be at the previous year’s level. Daimler expects a significant decline in the sales of trucks and buses. Daimler expects revenues at the previous year’s level of Mobility Activity Area. The consolidated profit before interest and tax to be by the year 2020, clearly above the level of many individual items will be installed in 2019. For 2020 the expected return of the following business segments:
– 5 % 4% sales Mercedes-Benz cars and vans: adjustable rotation
A 5 %sales – Daimler Trucks & Buses: adjustable rotation
12% stock – Daimler Mobility: adjustable return.
Already this personnel and material costs saving, model portfolio strategies and adjustments and the platform is taking important steps such as the further implementation of efficiency in all business areas of the capital, as well as a more stringent allocation on the earnings of the year 2020 already, the first should have positive effects. In later years the full effect of these measures will be. Restructuring measures, initiated to weigh the result for 2020 as well as related layoffs, however. Daimler Financial Resources with the highest economic potential from the ordering process to review all of the basic activities will continue to concentrate.
The free cash flow industrial business high upfront costs for new products and technologies to be stressful, once he has reached its highest level in 2019 if it continues. Industry free cash flow is likely to be a net business value over the previous year, however, Daimler assumes. Legal and the official investigation due to the possible costs are taken into account. More focused capital allocation, background, and priority projects against the investment in plant and equipment by an order of magnitude by 2020 year 2019, and research and development is planned.
Harald finance and control mobility in the coming years, and Daimler: “Daimler AG executive board responsible for is the focus, gives us an important development, and cash flow Wilhelm. Our goal is a solid net cash position, the necessary investments and an attractive dividend is at the same time. To do this, we will make disciplined capital allocation.“