The main areas of research and development work were new, extremely fuel-efficient and environmentally friendly drive technologies. Research and development spending totaled €3.1 billion at Mercedes-Benz Cars (2009: €2.7 billion) and €1.3 billion at Daimler Trucks (2009: €1.1 billion). In the anniversary year of the invention of the automobile, each employee worldwide will also receive a special bonus of up to €1,000, depending on his or her length of time at the Group.ĭaimler increased its research and development expenditure last year to €4.8 billion (2009: €4.2 billion). In view of the Group’s positive economic development in the year 2010, Daimler’s Board of Management and General Employee Council have agreed that the special efforts made by the workforce in 2010 will be rewarded with a high performance participation bonus of €3,150 per entitled employee of Daimler AG. The size of the workforce increased slightly due to stronger demand. Compared with the prior year, the net liquidity of the industrial business grew by €4.7 billion to €11.9 billion.
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The free cash flow of the industrial business increased by a significant €2.7 billion to €5.4 billion. Group revenue increased by 24% to €97.8 billion adjusted for exchange-rate effects, there was an increase of 19%.
The level of the prior year, which had been very low due to the global economic and financial crisis, was thus surpassed by 22%. The total dividend payout will then amount to €1,971 million.ĭaimler sold a total of 1.9 million vehicles in 2010. On this basis, the Board of Management and the Supervisory Board have decided to recommend to the shareholders for their approval at the Annual Meeting to be held on Apthat a dividend of €1.85 per share be paid out. Earnings per share improved accordingly to €4.28 (2009: loss per share of €2.63).Īfter Daimler decided not to pay a dividend last year, more than 40% of the Group’s net profit attributable to Daimler shareholders is now to be distributed. The positive development of EBIT led to a significant improvement in net profit to €4,674 million in 2010 (2009: net loss of €2,644 million). Special items affecting earnings in the years 20 are listed in the table on page 11 and in the descriptions of the individual divisions. There was an opposing effect on EBIT from increased research and development expenditure.
This was due not only to the general market recovery, but in particular to the attractive product range as well as efficiency gains that were implemented.
We have the right products, technologies and strategies to do so.”īased on current estimates, Daimler expects EBIT from the ongoing business in 2011 to surpass the level of 2010 significantly.Īfter the prior year had been severely impacted by the financial and economic crisis, earnings in all divisions developed much more positively than had been anticipated at the beginning of 2010. “Our goal now is to maintain the level we have reached over the long term and to further improve it wherever possible. Dieter Zetsche, Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars, at the annual press conference in Stuttgart. “Daimler managed an excellent comeback last year,” stated Dr. Daimler AG (stock-exchange symbol DAI) today presented its preliminary and unaudited results for the year 2010 for the Group and the divisions.ĭaimler achieved Group EBIT (earnings before interest and taxes) of €7,274 million in 2010 (2009: minus €1,513 million), bringing the year to a very successful close.
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