Posted 2022-12-23 00:00:00 +0000 UTC
According to the latest financial report released by Daimler group, in 2019, the group's global sales volume of passenger vehicles and commercial vehicles was 3.34 million, basically the same as that in 2018 (sales volume was 3.35 million); revenue was 1, 72.7 billion euros, up 3% year-on-year; annual EBIT of 4.3 billion euros, down 61.3% from 11.1 billion euros in 2018; adjusted EBIT of 10.3 billion euros; net profit of 2.7 billion euros, down 64.5% from 7.6 billion euros last year, the biggest drop in nearly a decade; net profit attributable to shareholders of 2.4 billion euros (7.2 billion euros in 2018), resulting in per share Revenue fell to € 2.22 from € 6.78 in 2018. At the annual meeting to be held on April 1, 2020, the management committee and the board of supervisors of Daimler will propose a dividend of 0.9 euro per share (3.25 euro in 2018), with a total payment of 1 billion euro (3.5 billion euro in 2018). In 2019, the group's investment in property, plant and equipment decreased to 7.1 billion euros (2018: 7.5 billion euros); R & D expenditure increased to 9.7 billion euros from 9.1 billion euros in 2018; and free cash flow of industrial business was 1.4 billion euros (2018: 2.9 billion euros). The sharp decrease is due to the large cash outflow from the legal process related to diesel vehicles. Ola kaellenius, the company's chief executive, has signed more than 5 billion euros in legal and restructuring costs, and 4.2 billion euros in diesel vehicle litigation and legal proceedings. In addition, the continued high cost of new products and technologies has also had a negative impact. By the end of 2019, Daimler group had 298655 employees worldwide, the same as last year (298683 in 2018). Among them, there are 173813 employees in Germany, 25788 in the United States and 4439 in China. Mercedes Benz sold 2385400 new cars in 2019, slightly higher than 2382800 in 2018; the revenue of this business segment increased to 93.9 billion euros (93.1 billion euros in 2018), EBIT decreased by 53% to 3.359 billion euros (7.216 billion euros in 2018), with a return on sales of 3.6% (7.8% in 2018); the adjusted EBIT was 5.841 billion euros, with an adjusted return on sales of 6.2%. In 2019, sales of Daimler trucks fell 6% to 488500; revenue grew 5% to 40.2 billion euros (38.3 billion euros in 2018). EBIT fell 11% to EUR 2463 million (2018:. NAFTA's business continued to be strong, but the decline in business volumes in Europe and Asia has had a negative impact on revenue. In addition, the initial expenditure of new technology and the expenses related to capacity adjustment have also brought a certain impact. Sales of Mercedes Benz vans rose 4% year on year in 2019 to 438400 (2018: 421400). Revenue increased by 9% to 14.8 billion euros, up from 13.6 billion euros in 2018; EBIT plummeted to 3.085 billion euros from 312 million euros in 2018, while the return on sales dropped to negative 20.8% (2.3% in 2018); EBIT after adjustment was 284 million euros, and the return on sales after adjustment was 1.9%. The annual sales volume of Daimler buses increased by 6% to 32600 units year-on-year; the revenue increased by 5% to 4.7 billion euros year-on-year; the profit before interest and tax was 283 million euros, up 7% year-on-year; the return on sales was 6.0%. Daimler said sales growth in Brazil and a favorable exchange rate boosted the region's performance. The pure electric version of Mercedes ecitaro city bus has been mass produced in Mannheim and has begun to deliver to customers. In 2019, Daimler's travel business achieved a year-on-year growth of 3%, with revenue up 9% to 28.6 billion euros, EBIT up 55% to 2.14 billion euros, and return on equity exceeding 11.1% in 2018 to 15.3%. The good growth is due to the combination of Daimler group and the group's travel business. The growth of new business also promoted the growth of EBIT, but the reorganization of your now also brought some expenses. Changes in the automotive industry have brought challenges to Daimler, leading to a sustainable business strategy. By the end of 2022, Daimler will slash material and administrative costs and cut personnel costs by more than 1.4 billion euros, hoping to reduce staff globally in a socially responsible manner, including management positions. Daimler expects that in 2020, the sales volume of the group will be slightly lower than that of the same period last year. The sales volume of Mercedes Benz cars, Mercedes Benz light commercial vehicles and Daimler trucks will all slightly decrease, and the sales volume of Daimler buses will slightly increase. Daimler's new travel business will decline slightly, and the contract volume should remain at the level of the previous year. The revenue in 2020 is expected to be the same as that in 2019. The revenue of Mercedes Benz and light commercial vehicles is also expected to be the same as that in the same period of last year. It is expected that the revenue of Daimler's trucks and buses will be significantly reduced, and the revenue of the mobile travel business department is expected to be the same as that in 2019. Daimler expects EBIT in 2020 to be significantly higher than in 2019. Daimler group has launched significant efficiency measures in various areas of the group, such as saving personnel and material costs, adjusting the product and model portfolio, further implementing the platform strategy and more stringent capital allocation, which will initially have a positive impact on revenue as early as 2020. On the other hand, restructuring measures and layoffs will also have a negative impact on 2020 earnings. Daimler will continue to review all non core businesses in order to focus resources on businesses with economic potential. In the next few years, Daimler will focus on significantly improving its profit margin and cash flow.
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