Despite record automotive sales in 2012, Daimler net profit growth was secured mainly due to the sale of a stake in the EADS aerospace business. The company also fell short of its own targets for earnings and profitability.
Daimler achieved EBIT of EUR8.6 billion in 2012 (2011: EUR8.8 billion). EBIT from the ongoing business amounted to EUR8.1 billion (2011: EUR9.0 billion).
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“The past financial year was overall a strong year for Daimler with some great achievements, but also with clear potential for improvement. We achieved new records for unit sales and revenue at both the Group and Mercedes-Benz Cars, and launched new products in all divisions to the market, which received excellent response,” said Dr. Dieter Zetsche, Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars.
“Notwithstanding our success and the numerous pioneering investments in 2012, it is a fact that we did not reach our own targets for earnings and profitability,” Zetsche pointed out. “To ensure that our future growth is even more profitable, we have implemented detailed measures in all divisions that will further increase our efficiency.”
The group’s net profit amounted to EUR6.5 billion (2011: EUR6.0 billion), including the gain on the sale of 7.5% of the shares of EADS. Earnings per share amounted to EUR5.71 (2011: EUR5.32).
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