Daimler has announced a preliminary group EBIT of EUR5.6bn (2018: EUR11.1bn), noting "anticipated additional expenses for ongoing governmental and court proceedings and measures relating to Mercedes-Benz diesel vehicles in various regions and markets" were not included.

"Upon preliminary assessment, these amount to EUR1.1 to EUR1.5bn and will essentially have a negative impact at Mercedes-Benz Cars and Vans. As a result, the return on sales (RoS) of the vans division will be below the current forecast of minus 15% to minus 17%." the automaker said in a statement.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

EBIT and the return on sales/return on equity (RoS/RoE) of the divisions without these anticipated additional expenses amount to:

  • Mercedes-Benz Cars EBIT: EUR3.7 (2018: 7.2)bn, RoS: 4.0 (2018: 7.8) %
  • Daimler Trucks EBIT: EUR2.5 (2018: 2.8)bn, RoS: 6.1 (2018: 7.2) %
  • Mercedes-Benz Vans EBIT: minus EUR2.4 (2018: EUR0.3)bn, RoS: minus 15.9 (2018: 2.3) %
  • Daimler Buses EBIT: EUR0.3 (2018: 0.3)bn, RoS: 6.0 (2018: 5.9) %
  • Daimler Mobility EBIT: EUR2.1 (2018: 1.4)bn, RoE: 15.3 (2018: 11.1) %
  • Reconciliation EBIT: minus EUR0.6 (2018: minus 0.8)bn

Effects from the fourth quarter 2019 contained in the above earnings figures:

  • One-off expenses in the vans division for the review and prioritisation of the product portfolio in the amount of around EUR0.3bn
  • One-off expenses in the amount of around EUR0.3bn in the Daimler Mobility division in the course of the realignment of the Your Now group to profitable growth

Daimler will publish further financial year 2019 and fourth quarter 2019 data on 11 February, 2020.

See Also:

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.