How did our five divisions perform in the business year 2019? Besides the most important figures this page also shows the quarterly sales development 2017 to 2019.
We have launched our new corporate structure in November 2019: Three legally independent stock corporations now operate under the parent company Daimler AG. The financial reporting for the 2019 financial year still reflects the previous structure with five business units.
All figures are preliminary and have neither been yet approved by the Supervisory Board nor audited by the external auditor. We will publish the Annual Report 2019 including the Consolidated Financial Statement 2019 on February 21, 2020.
Mercedes-Benz Cars*
€ 3,359 mn
EBIT
2018: € 7,216 mn
€ 93,877 mn
Revenue
2018: €93,103 mn
3.6 %
Return on sales
2018: 7.8 %
* The figures relate to the business year 2019.
Mercedes-Benz Cars’ revenue increased to €93.9 billion (2018: €93.1 billion) and its EBIT fell by 53% to €3,359 million (2018: €7,216 million). Return on sales was 3.6% (2018: 7.8%). A negative impact resulted from a new assessment of expenses for ongoing governmental and legal proceedings and measures relating to Mercedes-Benz diesel vehicles as well as expenses for a recall of Takata airbags. Growth in unit sales and revenue as well as better pricing were offset by continued high investment in new technologies and products. Adjusted EBIT was €5,841 million and adjusted return on sales was 6.2%.
Mercedes-Benz Vans*
€ - 3,085 mn
EBIT
2018: € 312 mn
€ 14,801 mn
Revenue
2018: € 13,626 mn
- 20.8 %
Return on sales
2018: 2.3 %
* The figures relate to the business year 2019.
Mercedes-Benz Vans’ unit sales increased in the fiscal year 2019 by 4% to 438,400 (2018: 421,400) vehicles. Revenue was 9% higher at €14.8 billion (2018: €13.6 billion). EBIT decreased to minus €3,085 million (2018: plus €312 million) while return on sales fell to minus 20.8% (2018: plus 2.3%). While the higher unit sales and a more favorable model mix had a positive impact on earnings, the division’s EBIT was crucially affected by a reassessment of expenses for ongoing governmental and legal proceedings and measures relating to Mercedes-Benz diesel vehicles as well as expenses for a recall of Takata airbags. Furthermore, expenses for the review and prioritization of the product portfolio reduced EBIT. In 2019, measures were initiated to significantly improve the situation. Adjusted EBIT was €284 million and adjusted return on sales was 1.9%.
Daimler Trucks*
€ 2,463 mn
EBIT
2018: € 2,753 mn
€ 40,235 mn
Revenue
2018: € 38,273 mn
6.1 %
Return on sales
2018: 7.2 %
* The figures relate to the business year 2019.
With continued strong business in NAFTA region, declines in volume, particularly in Europe and Asia, had a negative impact on earnings. Negative effects were also due to higher upfront expenditures for new technologies and costs related to capacity adjustments.
Daimler Buses*
€ 283 mn
EBIT
2018: € 265 mn
€ 4,733 mn
Revenue
2018: € 4,529 mn
6.0 %
Return on sales
2018: 5.9 %
* The figures relate to the business year 2019.
The positive development was driven by the increase in unit sales in Brazil, among other things, as well as favorable exchange rate effects. In Europe, the battery-electric Mercedes-Benz eCitaro city bus is in series production at the plant in Mannheim and is being delivered to customers.
Daimler Mobility*
€ 2,140 mn
EBIT
2018: € 1,384 mn
€ 28,646 mn
Revenue
2018: € 26,269 mn
15.3 %
Return on Equity
2018: 11.1 %
* The figures relate to the business year 2019.
Furthermore, the higher volume of new business contributed to the EBIT increase. A higher equity ratio caused by tighter regulatory requirements had a negative impact. EBIT was also reduced by expenses relating to the realignment of the YOUR NOW group. Adjusted EBIT was €1,827 million and adjusted return on equity was 13.1%.
Sales Development of the last quarters
Revenues and EBITs of the divisions are not consolidated. This means each unit is looked at like an independent company, and deliveries between divisions (e.g. of engines from Mercedes-Benz Cars to Mercedes-Benz Vans) are included in that calculation. These internal deliveries have to be eliminated on Group level. That is why the sum of the unconsolidated revenues of the divisions is not equal to the consolidated revenue of Group level. You will find details in the notes to the consolidated financial statements, note 20.
