DaimlerChrysler achieved an operating profit of $US6.5 billion (€5.2 billion) for 2003 after one-off gains and losses were subtracted.
Go deeper with GlobalData
Though the operating profit slightly exceeded the €5 billion target, it was down on 2002’s €6.8 billion while net profit plunged from $5.94 billion (€4.72 billion) in 2002 to $564 million or €448 million for 2003.
DC said this was due to the lower operating profit and the “impairment” of $2.5 billion on DaimlerChrysler’s investment in EADS, taken into account in the 3rd quarter of ‘03
All-in, the $YS7.2 billion operating profit was achieved ($8.6 billion in 2002) included Chrysler restructuring expenses of $591 million and a gain of $1.3 billion from the sale of the MTU Aero Engines business unit.
“DaimlerChrysler therefore achieved its own goal for its ongoing business in last year’s very difficult market environment,” the Anglo-German carmaker said in a statement.
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.
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 GlobalDataEarnings per share were $0.55 (€0.44) compared with 2002’s $5.90/€4.68).
DaimlerChrysler’s revenues in 2003 decreased by 7% to $171.9 billion.
The company expects to pay a dividend of €1.50 per share, the same as in 2002.
