Daimler has said it is confident about the current financial year and that sales, revenue and EBIT in 2021 are still expected to be significantly above prior-year levels.

At its annual meeting of investors, Daimler said that in the first quarter of 2021 the positive trend seen in previous quarters continues ‘despite temporary bottlenecks for semiconductors’.

Unit sales and revenues at Mercedes-Benz Cars & Vans should be higher than in the prior year’s quarter, thanks to the Chinese market and a strong product mix, the company said. Mercedes-Benz is confident about profitability in the first quarter.

Incoming orders at Daimler Trucks were described as ‘very promising’, especially in Europe and the US. Unit sales in the first quarter are expected to remain at year-earlier levels, despite the impact from the pandemic on the Indonesian market and on the bus chassis business.

Daimler did however, say that semiconductor bottlenecks are affecting the supply chain of Daimler Trucks & Buses.

Daimler also used the occasion to reiterate its strategic e-mobility push and claimed to possess broadest product portfolio in the automotive industry ranging from city cars to heavy-duty trucks.

It also said that ex-BMW chief Bernd Pischetsrieder succeeds Manfred Bischoff as Chairman of the Supervisory Board.

 “The year 2020 was the most challenging for Daimler during my term as Chairman of the Supervisory Board. We passed the pandemic stress test with flying colors, defined the necessary cost-cutting measures, and initiated their consistent implementation to make the company more crisis-proof. We also refocused our strategy on sustainability and climate protection. Our sustainable business strategy must strike a responsible balance between environmental, social and financial goals,” said Manfred Bischoff, Chairman of the Supervisory Board of Daimler AG, on Wednesday at the company’s virtual regular Annual Meeting. Bischoff has been Chairman of the Supervisory Board since 2007 and is stepping down after the Annual Meeting.

Mercedes Benz electric cars coming

The compact electric model EQA will be followed shortly by the EQS (WLTP range of up to 770 km) and the EQB as well as the EQE later this year. Also, Mercedes-Benz Vans will enrich the portfolio with electric vehicles: before the end of the year concepts for an electrified Citan and the T-Class will be presented. Daimler Trucks & Buses is also focusing on CO2-neutral passenger and goods transportation: Series production of the eActros, which has a range of well over 200 kilometers and is suitable for urban heavy goods and distribution transport, will start in fall this year. For longer distances with a range of about 500 kilometers, the eActros LongHaul is being developed for market launch as of 2024. In addition, fuel-cell trucks are scheduled to go into series production in the second half of the decade. With the buses, the eCitaro and the articulated eCitaro are two vehicles already available for CO2-neutral urban transport.

“Today, Daimler has the broadest electric range in the automotive industry – from city cars to heavy-duty trucks. But that’s not enough for us. We want to accelerate the electrification of our product portfolio. Almost two years ago, we presented our Ambition2039. We want a CO2-neutral fleet of new cars. It’s our goal to reach this target sooner,” said Ola Källenius, Chairman of the Board of Management of Daimler AG and of Mercedes-Benz AG.

But more charging points needed

Daimler echoed industry pleas for more electric vehicles charging infrastructure. It said that to meet the European Commission’s CO2 targets, Europe needs three million public charging points by the end of the decade. “Today, we don’t even have a tenth of this. We need to speed this up. Daimler, as part of the auto industry, will play its part. For example, we will further expand the Ionity charging network. I am convinced: When industry and politics work hand in hand, we move forward together. We should not focus our efforts only on banning the status quo. We should make possible the new, this is key,” said Källenius.