October 29, 2021 – Daimler‘s business performance demonstrated resilience in the third quarter 2021. Despite considerably lower production and sales due to the semiconductor shortage, revenue remained at the prior-year level. Group EBIT increased thanks to improved product mix, revenue quality and a tight grip on fixed costs. Demand for all products remains strong in all markets as the world’s pre-eminent luxury brand continues its global rollout of electric-only vehicles.
We remain on track to meet our full-year targets thanks to a more robust business – resulting in an EBIT increase despite a challenging environment. At the same time, we made substantial progress with our strategic agenda: continuing the rollout of highly desirable electric vehicles, laying the groundwork for scaled up battery cell production with our intended stake in ACC, and through gaining shareholder approval for creating two pure-play companies.