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.
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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.
