With decent sales in Q1, Daimler boost Group EBIT to 2.1 billions

Friday 04 May 2012, 11:34 AM by

Daimler AG is a German multinational automaker, which has recorded Earnings before Income and Taxes (EBIT) of € 2,130 millions in Q1 of 2012. The revenue earned by the company is slightly higher than € 2,031 million, which was recoded in same period previous year. Net profit of Daimler increased 20 per cent to € 1,416 millions, while the revenue in Q1 of 2011 stood at € 1,180 millions. Along with net profit, Daimler’s earnings per share in Q1 of 2012 surged to € 1.25 from € 0.99 of the corresponding period last year.

Dr. Dieter Zetsche, Chairman, Board of Management, Daimler AG and Head, Mercedes-Benz Cars, quoted “We have started the year with a strong first quarter. Despite higher investment in future growth and a challenging market environment, we succeeded in surpassing the very good prior-year results in terms of unit sales, revenue, EBIT and net profit. We are on schedule to meet our targets for this year as well as our medium-term targets.”

The development in revenues shows that the unit sales of Daimler Trucks and Mercedes-Benz Cars are increasing. The positive change in currency exchange-rates also impacted upon the decent profits of Daimler. In the first quarter of 2012, the international sales of Commercial Vehicles (CV) and cars of Daimler Group stood at 502,100 vehicles, which registered an increase of 9 per cent, against the figures of same period last year. With this growth, the earnings of Daimler surged to € 27 billion.

The stock of Daimler Trucks increased in NAFTA and Asia by the end of March in hope of a decent demand. When compared with the figures of 31st December 2011, the worth of the Daimler’s industrial business declined by € 1.9 billions to € 10.1 billions. This was mainly observed because of negative flow of cash. As far as unit sales of Mercedes-Benz are concerned, it has established new records in the first quarter of 2012 as the total sales of the company surged by 9 per cent to 338,300 vehicles. When analyzed with corresponding period last year, the sales were reported at 310,700 vehicles.

Revenue of Mercedes-Benz for the first quarter of 2012 surged by 8 per cent to € 14.9 billions. EBIT of Mercedes-Benz for Q1 in 2012 was recorded at € 1,252 millions, which was around the figures of corresponding year last year of € 1,288 millions. In Q1 of 2012, division’s return in sales was registered at 8.4 per cent, while the figures stood at 9.3 per cent during the same period last year. The growth in Mercedes-Benz’s revenues was primarily achieved due to increase in company’s unit sales in the auto markets of US and Europe.

On the other hand, Daimler Trucks witnessed growth of 21 per cent in its unit sales to 107,700 vehicles. With increase in sales, the revenue of Daimler Trucks surged by 18 per cent to € 7.4 billions, under the review of € 6.2 billions in the first quarter of 2011. EBIT was recorded at € 383 millions, which were slightly less than the figures of same period previous year that stood around € 413 millions. During the year, the return on sales were recorded at 5.2 per cent, whereas last year’s ratio at 6.6 per cent.

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