How did our divisions perform in the 1st quarter 2020? Besides the most important figures and a brief explanation, this page also shows the quarterly sales development in the past three years.
Mercedes-Benz Cars & Vans
€ 510 mn
EBIT
Q1 2019: € 1,143 mn
€ 23,196 mn
Revenue
Q1 2019: € 24,063 mn
2.2 %
Return on sales
Q1 2019: 4.8 %
After a good start to the year, Mercedes-Benz Cars concluded the first quarter with sales of 470,600 vehicles (Q1 2019: 555,300). The effects of the COVID-19 pandemic and the consequences of the temporary closure of sales outlets had a significant impact on our unit sales. In the first quarter of 2020, 189,200 automobiles of the Mercedes-Benz and smart brands were sold in Europe (Q1 2019: 235,300). In Germany, the region’s core market, sales of 61,000 units were achieved (Q1 2019: 78,100). In China, the biggest market,131,600 vehicles were sold in the period of January through March (Q1 2019: 173,200). Deliveries of 68,500 cars of the Mercedes-Benz and smart brands in the United States were 7% above the prior year level.
Mercedes-Benz Vans recorded first-quarter unit sales of 76,200 vehicles (Q1 2019: 97,000). The significant decrease is primarily due to the effects of the coronavirus. In the EU30 region, Mercedes-Benz Vans sold 53,100 units (Q1 2019: 66,600). Also in North America, sales of 7,300 vans were significantly lower than in the first quarter of last year (Q1 2019: 11,700). In the United States, we sold 6,300 vehicles in the first quarter (Q1 2019: 8,800). Sales in Latin America decreased to 2,700 units (Q1 2019: 4,200). In China, we sold 4,200 vans (Q1 2019: 6,100). In the other markets, we achieved growth in unit sales, primarily driven by Russia and African markets.
Daimler Trucks & Buses
€ 247 mn
EBIT
Q1 2019: € 553 mn
€ 8,744 mn
Revenue
Q1 2019: € 10,174 mn
2.8 %
Return on sales
Q1 2019: 5.4 %
Unit sales by Daimler Trucks of 92,500 vehicles in the first quarter of 2020 were 20% lower than in the prior-year period. In addition to the market normalization that had anyway been expected in our core markets, the development of our unit sales was affected in March also by customer restraint due to the COVID-19 pandemic.
Daimler Buses’ sales were also affected by the pandemic and were down by 8% in the first quarter of 2020 to 5,100 units.
Daimler Mobility
€ 58 mn
EBIT
Q1 2019: € 1,209 mn
€ 7,101 mn
Revenue
Q1 2019: € 6,881 mn
1.6 %
Return on Equity
Q1 2019: 35.7 %
At Daimler Mobility, due to the effects of the COVID-19 pandemic, new business decreased compared with the prior-year period by 7% to €16.2 billion. Contract volume amounted to €159.6 billion at the end of March and was thus 2% lower than at the end of 2019. The insurance business also contracted. Worldwide, 520,000 insurance policies were brokered by Daimler Mobility in the first quarter of this year (Q1 2019: 539,000).
Revenues and EBITs of the three divisions are not consolidated. This means each unit is looked at like an independent company, and deliveries between divisions (e.g. products or services from Mercedes-Benz Cars & Vans to Daimler Mobility) are included in that calculation. These internal deliveries have to be eliminated on Group level. That is why the sum of the unconsolidated revenues or EBIT of the three divisions is not equal to the consolidated revenue or EBIT on Group level. ?
You will find details in our Q1 2020 Interim Report in the notes to the consolidated financial statements, note 1 “Presentation of the Interim Consolidated Financial Statements” and note 19 “Segment Reporting” (table E.23).
