February 18, 2021 – Financial results 2020 are significantly better than expected amid COVID-19 challenges. Daimler Group expects sales, revenues and EBIT in 2021 to be significantly above the prior-year’s level and intends to spin-off Daimler Truck with majority listing on the stock exchange.
2.84mn
Group Unit Sales
2019: 3.34 mn
€ 154.3bn
Revenue
2019: € 172.7 bn
€ 6.6bn
EBIT
2019: € 4.3 bn
€ 8.3bn
Free Cash Flow Ind. Business
2019: € 1.4 bn
€ 3.39
Earnings per share
2019: € 2.22
€ 1.35
Dividend
2019: € 0.90
In a challenging environment due to the COVID-19 pandemic, the Group’s total unit sales of passenger cars and commercial vehicles decreased by 15%. Revenue was €154.3 billion, a reduction of 11%. Due to extensive cost and cash preservation measures and strong performances across all divisions, EBIT of the Daimler Group increased by 53%. Adjusted EBIT, reflecting the underlying business, was €8.6 billion (2019: €10.3 billion).
The figures are based on audited financial statements. The reporting structure and previous year’s figures have been adjusted to reflect the newly formed Group divisions.
Daimler plans to spin-off and list Daimler Truck
It is intended that a significant majority stake in Daimler Truck will be distributed to Daimler shareholders. Daimler Truck will have a fully independent management, stand-alone corporate governance including an independent Chairman of the Supervisory Board, and is targeted to qualify for listing on Germany’s blue-chip DAX index.
The transaction and the listing of Daimler Truck on the Frankfurt stock exchange is expected to be completed before year-end 2021. In addition, it is also Daimler’s intention to rename itself as Mercedes-Benz at the appropriate time. All further details about the intended spin-off will be presented to shareholders at an extra-ordinary shareholder meeting in Q3 2021 in order to obtain their mandatory approval for the plan.
