Mexican Media Brands
Daimler Posts Record Sales, Profits
Daimler AG's profit before interest and taxes in the fourth quarter of 2014 climbed to a record €2.8 billion from nearly €2.6 billion a year earlier.
#economics
Share
Daimler AG's profit before interest and taxes in the fourth quarter of 2014 climbed to a record €2.8 billion from nearly €2.6 billion a year earlier. Quarterly revenue rose 11% to a record €35.7 billion.
Net profit in October-December slid 29% to €1.2 billion. The decline was caused by a €600 million set-aside for a possible EU antitrust penalty involving commercial truckmakers.
Full-year vehicle deliveries grew 8% to a record 2.5 million units. Group revenue advanced 10% to €129.9 billion. EBIT for continuing operations surged 27% to a record €10.1 billion, but net profit fell 16% to €7.3 billion.
Daimler's board responded to the record results by hiking the company's dividend per share to an all-time high of €2.45 from €2.25. The company also will pay bonuses of €4,350 to eligible employees.
The company's Mercedes-Benz Cars division saw sales rise 10% to a record 1.72 million units last year. EBIT soared to €5.9 billion from €4 billion in 2013. Return on sales climbed to 8.0% from 6.2%.
Mercedes-Benz Vans hiked sales 9% to a record 294,600 units and €10 billion in revenue. EBIT climbed 8% to €682 million.
Deliveries by Daimler Trucks advanced 2% to 495,700 units, and revenue grew 3% to €32.4 billion. The division's EBIT jumped 15% to €1.9 billion.
Daimler expects the global auto market to expand 4% in 2015, led by growth in China. The company predicts "significant" gains this year for unit sales and revenue by its cars, trucks and commercial vehicles divisions.
RELATED CONTENT
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.