March 11, 2022 – Mercedes-Benz Group achieved strong financial results for the fiscal year 2021 ended December 31, while accelerating its strategy as a pure-play manufacturer of desirable cars and vans.
In 2021, good product mix, solid net pricing, continued cost-discipline and favourable used car performance lifted the adjusted Return on Sales (RoS) for the Mercedes-Benz Cars & Vans division to 12.7% in the full year, even as the COVID-19 pandemic and semiconductor supply chain bottlenecks continued to affect the business. Since 2019 fixed costs at Mercedes-Benz Cars have fallen by 16% while revenue per unit improved by 26% to an average €49,800 per vehicle.
2.75mn
Group Unit Sales
2020: 2.84 mn
€ 167.9bn
Revenue
2020: € 154.3 bn
€ 29.0bn
EBIT
2020: € 6.6 bn
€ 8.6bn
Free Cash Flow Ind. Business
2020: € 8.3 bn
€ 21.5
Earnings per share
2020: € 3.39
€ 5.00
Dividend
2020: € 1.35
Key Figures Mercedes-Benz Group: Continuing and discontinued operations.
Dividend: Subject to approval by the shareholders at the annual meeting 2022.
Mercedes-Benz achieved several technological milestones last year: The company introduced four battery electric vehicles and attained the first internationally valid system approval for SAE-Level 3 automated driving. The EQS electric flagship received strong reviews and orders for the vehicle are currently at around 20,000 of which 3,600 came in January 2022. Mercedes-Benz is preparing to roll out a raft of new electric vehicles this year, including the EQE and EQS SUV.
2021 was a year of strategic progress for Mercedes-Benz. Three numbers illustrate how this transformation is gaining traction: Top-end vehicle sales rose by 30%, sales of electric cars surged 64%, and our adjusted EBIT increased by 105%. That’s a strong demonstration of the potential of this brand and this team. I want to extend my deepest gratitude to all our colleagues who made this excellent result possible. With a clear agenda for this year we are confident about 2022. Aside from the relentless focus on cost efficiency and supply chain management, our strategic priorities are: Scaling electric vehicles, accelerating our car-software plans and growing our luxury business.
Pure-play car & van business after successful Daimler Truck spin-off
On February 1, 2022 the previous Daimler AG was renamed Mercedes-Benz Group AG and Daimler Mobility AG became Mercedes-Benz Mobility AG. The former Daimler Trucks & Buses division was listed on the Frankfurt Stock Exchange on December 10, 2021. Figures within financial statements have therefore been split into continued and discontinued operations. In line with the newly formed Group divisions, the reporting structure and the prior-year figures have been adjusted accordingly. All figures are preliminary and unaudited.
In the fourth quarter, the company realized a one-time Group EBIT gain of €9.2 billion from deconsolidation, due to the spin-off of the Daimler commercial vehicle business. This one-time EBIT effect has no impact on the cash flow and no material impact on taxes. It is the perspective of the management that this is a pure valuation effect and has therefore been excluded from the basis for determining the dividend proposal.
Recording of the Annual Results Conference
Conference language: English with simultaneous translation into German and Chinese.
Recording analysts and investors conference call
Conference language: English with simultaneous translation into German and Chinese.
Recording media conference call
Conference language: German with simultaneous translation into English and Chinese.
