• Germany edition
 
Daimler revs up profits on record sales
Photo: DPA

Daimler revs up profits on record sales

Published: 07 Feb 2013 14:26 GMT+01:00
Updated: 07 Feb 2013 14:26 GMT+01:00

"The past financial year was overall a strong year for Daimler. We achieved new records for unit sales and revenue at both the group and Mercedes-Benz Cars," said chief executive Dieter Zetsche.

Revenues rose by 7.0 percent to €114.3 billion and the group sold a total 2.198 million vehicles worldwide, 4.0 percent more than in the previous year.

"Notwithstanding our success... it is a fact that we did not reach our own targets for earnings and profitability," Zetsche cautioned.

In fact, underlying profits, as measured by earnings before interest and tax (EBIT), slipped by 2.0 percent to €8.615 billion. EBIT was actually down in all divisions, but Mercedes-Benz Vans saw the biggest drop of 35 percent while underlying profit at Mercedes-Benz Cars fell by 15 percent to €4.389 billion.

"To ensure that our future growth is even more profitable, we have implemented detailed measures in all divisions that will further increase our efficiency," CEO Zetsche said.

In the fourth quarter alone, net profit soared by 32 percent to €2.359 billion and EBIT rose by 7.0 percent to €2.321 billion on a 3.0-percent increase in revenues to €29.83 billion.

Fourth-quarter units sales were little changed at 597,041 vehicles.

Daimler said it would propose an unchanged dividend of €2.20 per share for shareholders for 2012. Looking ahead, Daimler said it assumed group revenue would "continue growing in the years 2013 and 2014."

In regional terms, Daimler said it is pencilling in above-average growth rates in emerging markets and in North America.

Daimler said it expected developments in major markets to at first remain weak in the first half of 2013, and "therefore anticipates a weaker development of earnings in the first half of the year compared with 2012."

However, with the launch of new models and the increasing effects of efficiency measures, "earnings are expected to improve in the second half of 2013 compared with the level of the first half," it said.

"On the basis of the anticipated recovery in the second half of the year, Daimler currently assumes that group EBIT from the ongoing business in 2013 will reach the magnitude of the prior year," Daimler said.

AFP/mry

The Local (news@thelocal.de)

Don't miss...X
Left Right

Your comments about this article

09:58 February 8, 2013 by Berlin fuer alles
Thank you again to the taxpayers of Greece, Portugal, Italy and Ireland for paying for the cheap Euromark in order to boost German exports.
11:19 February 8, 2013 by Tonne
I'm sure that there must be some finance-savvy people out there who can explain why, with unit sales in the fourth quarter remaining little changed at the same time as net profit soaring by 32 percent , there is not some massaging of the figures here. Or did they reduce the number of their overpaid VPs then? ;)
07:29 February 12, 2013 by honeybeee
In the passed 12 months of 2012 , German car industry is no doubtly a success example to show the whole world, the Schaeffler Group expects to continue growing faster than the market, it no longer expects to meet the previous annual revenue growth target of more than 5 percent because of the volatile financial situation in the whole year of 2012. Instead, the company now adjusted practically to anticipate revenue growth of approximately 4 percent for 2012 as a whole. Their EBIT margin in excess of 13 percent for 2012, thus meeting the target for the year as a whole remains unchanged and job done , bravo ~~~~~~~~~~~!!!!!!!
Today's headlines
Man shot in tax office dispute
DPA

Man shot in tax office dispute

A tax office worker in the Schleswig-Holstein town of Rendsburg died in hospital after being shot on Monday morning. READ  

Merkel details Iraq arms shipment to MPs
Angela Merkel addressing the Bundestag on Monday as her ministers look on. Photo: DPA

Merkel details Iraq arms shipment to MPs

UPDATE: Chancellor Angela Merkel addressed the Bundestag on Monday to explain her government's decision to send weapons to Iraqi Kurds fighting terrorist group Isis. READ  

Olympic visions compete in Berlin and Hamburg
Berlin and Hamburg mayors Klaus Wowereit and Olaf Scholz on Monday. Photos: DPA

Olympic visions compete in Berlin and Hamburg

Germany's capital and its gateway to the North Sea each released details of their Olympic bids on Monday as the race for the 2024 or 2028 summer games nominations picks up momentum. READ  

Vacationer killed by Baltic Sea bacteria
Photo: DPA

Vacationer killed by Baltic Sea bacteria

Six people were infected with a bacteria from the Caribbean which has made itself at home in the popular German vacation destination. One of them is now in a coma. READ  

UN applauds Germany's help to refugees
DPA

UN applauds Germany's help to refugees

UNHCR Commissioner Antonio Guterres is lauding Germany's role in accommodating the influx of refugees in Europe, while pointing at the imbalance of effort within the EU. The federal government has pledged to do more. READ  

Energy-sucking vacuums no longer welcome
Photo: DPA

Energy-sucking vacuums no longer welcome

Starting on Monday, vacuum cleaners drawing more than 1600 watts can no longer be brought into Germany. The ban is part of a an EU-wide environmental protection measure. READ  

Coalition horsetrading starts after Saxony vote
CDU leader Stanislav Tillich with SPD Martig Dulig. Photo: DPA

Coalition horsetrading starts after Saxony vote

Chancellor Angela Merkel's Christian Democratic (CDU) party is in search of a new partner after the expulsion of its former allies the Free Democrats (FDP) from the Saxon state parliament. READ  

Presented by Phorms Education
Bilingual education from nursery to graduation
Photo: Phorms Education

Bilingual education from nursery to graduation

A network of German based schools is changing how students learn languages by introducing English and Deutsch from day one, with the method yielding impressive academic results. The Local finds out more about Phorms Education. READ  

JobTalk Germany
'German bosses need to praise more'
More of this? Photo: Shutterstock

'German bosses need to praise more'

What do German bosses need to do to get more out of their staff? Frankfurt-based business consultant Justin Bariso has this advice. READ  

Train drivers take their turn to strike
A banner announcing a previous rail strike in June is displayed in a station. Photo: DPA

Train drivers take their turn to strike

A train drivers' union has warned of a nationwide strike to take place on Monday evening as it seeks leverage in negotiations with Deutsche Bahn. READ  

RECEIVE OUR NEWSLETTER AND ALERTS
Sponsored Article
Bilingual education from nursery to graduation at Phorms
Photo: Shutterstock
Gallery
Ten of the oddest things found by German border control
Photo: Gerkan, Marg and Partners/Tegel Projekt GmbH/J. Mayer
Berlin
How will Berlin look in five years' time?
Photo: DPA
Culture
Sprechen Sie Deutsch? 10 reasons why you should
Photo: DPA
Gallery
The best of Berlin's mayor Klaus Wowereit in 14 pictures
Photo: DPA
Politics
Germany sends burgers and sausages to Kurds
Photo: Matthias Kock
National
Tribes, ties and a movie: A German's Afghan life
Photo: DPA
Gallery
10 things to do before summer in Germany is really over
Photo: DPA
Gallery
The mysteries of Berlin's abandoned theme park
Photo: Europeana.de 1914 - 1918
Gallery
A German soldier's life behind WWI lines
Photo: DPA
Business & Money
JobTalk: All you need to know about working in Germany
National
Share news tips with The Local Germany
Latest news from The Local in Austria

More news from Austria at thelocal.at

Latest news from The Local in Switzerland

More news from Switzerland at thelocal.ch

Latest news from The Local in Denmark

More news from Denmark at thelocal.dk

Latest news from The Local in Spain

More news from Spain at thelocal.es

Latest news from The Local in France

More news from France at thelocal.fr

Latest news from The Local in Italy

More news from Italy at thelocal.it

Latest news from The Local in Norway

More news from Norway at thelocal.no

Latest news from The Local in Sweden

More news from Sweden at thelocal.se

3,430
jobs available
Toytown Germany
Germany's English-speaking crowd