SECURITIES
AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR
15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF
1934
February 18, 2010
Commission File Number 1-12356
DAIMLER
AG
(Translation of registrants name into English)
MERCEDESSTRASSE 137, 70327
STUTTGART, GERMANY
(Address of principal executive office)
Indicate by check mark whether
the registrant files or will file annual reports under cover of Form 20-F or
Form 40-F.
Indicate by check mark whether
the registrant by furnishing the information contained in this Form is
also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under
the Securities Exchange Act of 1934.
If Yes is marked, indicate
below the file number assigned to the registrant in connection with Rule 12g3-2(b):
82-
DAIMLER AG
FORM 6-K: TABLE OF
CONTENTS
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1.
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Presentation
Dr. Dieter Zetsche
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2.
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Speech
by Dr. Dieter Zetsche
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3.
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Presentation
Bodo Uebber
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4.
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Speech
by
Bodo
Uebber
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5.
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Fact Sheets
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2
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
STATEMENTS
Forward-looking statements in this document:
The figures in this document are
preliminary and have neither been yet approved by the Supervisory Board nor
audited by the external auditor.
This document contains forward-looking
statements that reflect our current views about future events. The words anticipate,
assume, believe, estimate, expect, intend, may, plan, project, should
and similar expressions are used to identify forward-looking statements.
These statements are subject to many risks and uncertainties, including
a lack of further improvement or a renewed deterioration of global economic
conditions, in particular a renewed decline of consumer demand and investment
activity in Western Europe or the United States, or a downturn in major Asian
economies; a continuation or worsening of the tense situation in the credit and
financial markets, which could result in a renewed increase in borrowing costs
or limit our funding flexibility; changes in currency exchange rates or
interest rates; the ability to continue to offer fuel-efficient and
environmentally friendly products; a permanent shift in consumer preference
towards smaller, lower margin vehicles; the introduction of competing,
fuel-efficient products and the possible lack of acceptance of our products or
services, which may limit our ability to adequately utilize our production
capacities or raise prices; price increases in fuel, raw materials and precious
metals; disruption of production due to shortages of materials, labor strikes,
or supplier insolvencies; a further decline in resale prices of used vehicles;
the effective implementation of cost-reduction and efficiency-optimization
programs at all of our segments, including the repositioning of our truck
activities in the NAFTA region and in Asia; the business outlook of companies in
which we hold an equity interest, most notably EADS;
changes in laws, regulations and government policies, particularly
those relating to vehicle emissions, fuel economy and safety, the resolution of
pending governmental investigations and the outcome of pending or threatened
future legal proceedings; and other risks and uncertainties, some of which we
describe under the heading Risk Report in Daimlers most recent Annual Report
and under the headings Risk Factors and Legal Proceedings in Daimlers most
recent Annual Report on Form 20-F filed with the Securities and Exchange
Commission. If any of these risks and uncertainties materialize, or if the
assumptions underlying any of our forward-looking statements prove incorrect,
then our actual results may be materially different from those we express or
imply by such statements. We do not intend or assume any obligation to update
these forward-looking statements. Any forward-looking statement speaks only as
of the date on which it is made.
3
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Annual Press Conference 2009 Results Dr. Dieter Zetsche
Chairman of the
Board of Management Head of Mercedes-Benz Cars
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Global economy
contracts for first time in 60 years 1950 1955 1960 1965 1970 1975 1980 1985
1990 1995 2000 2005 2009 -2.1 5.9 0.8 0.2 1.3 Global economy in 2009 Real GDP
growth [% change p.a.]
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(2.6) 1.4 (1.5)
2.7 78.9 98.5 0.00 0.60 FY 2009 FY 2008 2.7 (3.9) Daimler: EBIT of -1.5
billion -100 - - - -20 % change Net profit (loss) EBIT Revenue Dividend (in
EUR) in billions of Daimler in 2009 Free cash flow industrial business
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Earnings
improved from quarter to quarter Daimler in 2009 -1.4 -0.4 0.4 Q1 Q2 Q3 Q4
0.6 Group EBIT from ongoing business in 2009 by quarter [in billions of ]
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Savings targets
exceeded Daimler in 2009 Target Actual Overhead Net proceeds Personnel costs
Material costs 5.3 4.0 Improvements affecting earnings in 2009 [in billions
of ]
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Significant
increase in cash flow Daimler in 2009 2008 2009 -3.9 2.7 Free cash flow
industrial business [in billions of ]
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New anchor
investor Daimler in 2009 Aabar Investments Kuwait Other 6.9 9.1 84.0
Shareholder structure 2009 [in % of capital stock]
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Mercedes-Benz
Cars: EBIT of -0.5 billion Mercedes-Benz Cars in 2009 1,273 1,094 2008 2009
47.8 41.3 2008 2009 2.1 -0.5 2008 2009 Mercedes-Benz Cars unit sales [in
1,000s of units] Mercedes-Benz Cars revenue [in billions of ] Mercedes-Benz
Cars EBIT [in billions of ]
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Considerable
improvement over the year Mercedes-Benz Cars in 2009 -1,123 355 608 -340 Q1
Q2 Q3 Q4 9.1 10.2 11.4 10.6 Q1 Q2 Q3 Q4 Mercedes-Benz Cars unit sales [in
1,000s of units] Mercedes-Benz Cars revenue [in billions of ] Mercedes-Benz
Cars EBIT [in millions of ] 231 304 287 Q1 Q2 Q3 Q4 272
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The E-Class sedan: Global market leader
2009. Mercedes-Benz Cars in 2009 10
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The S-Class: Global market leader 2009.
Mercedes-Benz Cars in 2009 11
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The C-Class
sedan: Global market leader 2009. Mercedes-Benz Cars in 2009 12
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Daimler Trucks:
EBIT of -1.0 billion Daimler Trucks in 2009 472 259 2008 2009 28.6 18.4 2008
2009 1.6 2008 2009 -1.0 Daimler Trucks unit sales [in 1,000s of units]
Daimler Trucks revenue [in billions of ] Daimler Trucks EBIT [in billions of
]
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Sales, incoming
orders and market shares increased Daimler Trucks in 2009 Market share of
Mercedes-Benz (MD/HD) Trucks in Europe in 2009 [in %] 21.0 22.5 2008 2009 40
56 75 77 74 65 54 66 Q1 Q2 Q3 Q4 Sales Incoming orders Daimler Trucks (MD/HD)
unit sales and incoming orders [in 1,000s of units]
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Vans: Positive
EBIT despite plummeting sales 287 166 2008 2009 9.5 6.2 2008 2009 818 26 2008
2009 Mercedes-Benz Vans in 2009 Mercedes-Benz Vans unit sales [in 1,000s of
units] Mercedes-Benz Vans revenue [in billions of ] Mercedes-Benz Vans EBIT
[in millions of ]
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Daimler Buses:
Positive results across the board 41 32 2008 2009 2008 2009 406 183 2008 2009
4.8 4.2 Daimler Buses unit sales [in 1,000s of units] Daimler Buses revenue
[in billions of ] Daimler Buses EBIT [in millions of ] Daimler Buses in
2009
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Daimler
Financial Services: New business and contract volume down from 2008 29.5 2008
2009 63.4 2008 2009 25.1 Daimler Financial Services in 2009 677 9 2008 2009
DFS new business [in billions of ] DFS contract volume [in billions of ]
DFS EBIT [in millions of ] 58.3
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Four levers for
generating more momentum Leading products and brands Pioneering technologies
and business models New markets and networks Continuing efficiency gains Inspired
and empowered people
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Mercedes-Benz
SLS AMG Leading products and brands
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16 new models
in 2010/2011 Leading products and brands New generation R-Class New
generation S-Class Coupe SLS E-Class convertible S-Class 4-cyl diesel New
generation smart A-Class E-Cell B-Class F-Cell SLK E-Class long version New
generation C-Class CLS B-Class E-Class BlueTEC Hybrid M-Class C-Class coupe
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Leading
products and brands The E-Class: All variants available as of early 2010
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New models
Trucks, Vans, Buses in 2010/11 Leading products and brands New generation
Vito/Viano New generation Fuso Super Great Freightliner Coronado New
generation Axor New generation Atego Setra ComfortClass New light Fuso truck
Expansion of Freightliner vocational product line Innovation fleet
Mercedes-Benz Atego BlueTec Hybrid truck New heavy Fuso coach Introduction of
Mercedes-Benz Actros in Brazil New Euro 5 Mercedes-Benz bus chassis
generation
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More than 100
awards in 2009 Examples Leading products and brands 23
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Formula 1
Leading products and brands
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Strong
commitment to Green Technology Leadership Pioneering technologies and
business models Green Technology Leadership Shaping Future Transportation
Professional answers to green challenges Shaping the future of safe and
sustainable mobility MB Cars MB Vans Trucks Buses
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CO2 emissions
substantially reduced in 2009 CO2 fleet average for Mercedes-Benz Cars [in
grams / kilometer] 160 178 173 183 2006 2007 2008 2009 <140 Target 2012
Pioneering technologies and business models
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76
BlueEFFICIENCY models by end of 2010 Pioneering technologies and business
models
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Competitive
edge thanks to hybrid technology 1) Already available 2) Test vehicle 3)
Market launch in 2011 Pioneering technologies and business models S400
HYBRID1) S500 Plug-In Hybrid2) ML450 HYBRID1) Fuso Canter Eco Hybrid1)
Sprinter Hybrid2) E300 BlueTEC Hybrid3)
Freightliner Business Class M2eHybrid1) Orion Hybrid Bus1) Citaro G BlueTec Hybrid1) 28
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Unique position
in electric drive arena smart electric drive B-Class F-Cell A-Class E-Cell
Pioneering technologies and business models
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Targeted
partnerships for zero-emission driving Pioneering technologies and business
models Stake in Li-Tec Stake in Tesla Motors H2 infrastructure Deutsche
Accumotive established Selected cooperation partners
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R&D
investment remains high Research and development expenditure [in millions of
] 4,148 4,442 4,181 2007 2008 2009 Pioneering technologies and business
models
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PRE-SAFE®
Active Brake Assist Fatigue recognition (ATTENTION ASSIST) Electronic
Stability Program (ESP®) Anti-lock braking system (ABS) Airbag Belt force limiter
1978 1981 1995 2007 2009 Pioneering technologies and business models Safety
technology leadership Experimental safety vehicle 2009
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car2go
successful launch of new mobility concept Pioneering technologies and
business models car2go Free-floating fleet of self-service cars (smart
fortwo) Fully automated, easy and convenient rental process By-the-minute
pricing Public pilot in Ulm, Germany since March 2009 16,000+ customers
170,000+ rentals 2,500,000+ kilometers Pilot in Austin, Texas since November
2009 200 cars 1st phase with restricted user group (city employees) Public
pilot will start in 2010
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Mercedes-Benz
Cars: Focus on growth markets... New markets and networks Mercedes-Benz
retail sales in China [in units] 4.800 8.000 11.000 16.100 30.700 42.700
72.000 1999 2001 2003 2005 2007 2008 2009
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...and
realignment of global production Selected Mercedes-Benz Cars production
locations and their products as of 2014 New markets and networks East London
Beijing Tuscaloosa Sindelfingen Rastatt Bremen E-Class C-Class C-Class
Kecskémet A-/B- Class C-Class
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Trucks, Vans,
and Buses: Pursuing growth in emerging markets Russia Strategic partnership
with KAMAZ expanded New markets and networks India Daimler India Commercial
Vehicles Pvt Ltd. established New luxury coach presented by Daimler/ Sutlej
China Letter of intent signed with Foton Fujian Daimler Automotive Ltd. to
start production of Vito and Viano
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Transforming
one-time effects into sustainable improvements Continuing efficiency gains
One-time effects Sustainable improvements 2009 2010
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Outlook Sales
Revenue Earnings Mercedes-Benz Cars Daimler Trucks Mercedes-Benz Vans Daimler
Buses Daimler Financial Services Daimler in 2010
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We invented the
car and the truck and are passionate about their future
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Disclaimer This
annual report contains forward-looking statements that reflect our current
views about future events. The words anticipate, assume, believe,
estimate, expect, intend, may, plan, project, should and
similar expressions are used to identify forward-looking statements. These
statements are subject to many risks and uncertainties, including a lack of
further improvement or a renewed deterioration of global economic conditions,
in particular a renewed decline of consumer demand and investment activity in
Western Europe or the United States, or a downturn in major Asian economies;
a continuation or worsening of the tense situation in the credit and
financial markets, which could result in a renewed increase in borrowing
costs or limit our funding flexibility; changes in currency exchange rates or
interest rates; the ability to continue to offer fuel-efficient and
environmentally friendly products; a permanent shift in consumer preference
towards smaller, lower margin vehicles; the introduction of competing,
fuel-efficient products and the possible lack of acceptance of our products
or services, which may limit our ability to adequately utilize our production
capacities or raise prices; price increases in fuel, raw materials and
precious metals; disruption of production due to shortages of materials,
labor strikes, or supplier insolvencies; a further decline in resale prices
of used vehicles; the effective implementation of cost-reduction and efficiency-optimization
programs at all of our segments, including the repositioning of our truck
activities in the NAFTA region and in Asia; the business outlook of companies
in which we hold an equity interest, most notably EADS; changes in laws,
regulations and government policies, particularly those relating to vehicle
emissions, fuel economy and safety; the resolution of pending governmental
investigations and the outcome of pending or threatened future legal
proceedings; and other risks and uncertainties, some of which we describe
under the heading Risk Report in this Annual Report and under the headings
Risk Factors and Legal Proceedings in the Annual Report on Form 20-F
filed with the Securities and Exchange Commission. If any of these risks and
uncertainties materialize, or if the assumptions underlying any of our
forward-looking statements prove incorrect, then our actual results may be
materially different from those we express or imply by such statements. We do
not intend or assume any obligation to update these forward-looking
statements. Any forward-looking statement speaks only as of the date on which
it is made.
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Speech by
Dr. Dieter Zetsche
Chairman of the Board of Management
of Daimler AG
Annual Press Conference
Stuttgart
February 18, 2010
Introduction
Good morning, ladies and gentlemen. Welcome to our Annual Press
Conference!
Today well be reporting to you about a year that has been unusual
for the global economy,
for the automotive
industry, and also for Daimler. In 2009 the global economy contracted for
the
first time since 1950. This has been an abnormal recession, and it has hit the
automotive
industry particularly hard:
Some of our markets plummeted in the short term by as much as
20 to
40 percent. In the truck markets, the downturn was in some cases even more
severe.
Of course, these developments affected our business results: As we
forecasted here twelve
months ago, Daimler
sold significantly fewer vehicles in 2009 than in the prior year.
Altogether,
we sold 1.6 million passenger cars, trucks, vans, and buses, and posted revenue
of
approximately 79 billion euros. Our EBIT from ongoing business operations was
minus 1.5
billion euros. When all
one-time effects are taken into account, it was minus 800 million
euros.
One-time charges resulted primarily: from the realignment of our truck business
in the
U.S. and Japan, as well as
the divestment of our remaining shares in Chrysler. The Groups
net
earnings were negative at minus 2.6 billion euros.
Given this unusual situation, the Board of Management is proposing to
the Supervisory Board,
by way of exception,
that Daimler refrain from paying any dividends for the past business
year.
The proposal reflects only the business developments and the earnings situation
in
2009. It does not have any implications for our
current years business expectations. You can
assume
that we will once again pay a dividend for business year 2010.
Although our figures for 2009 were disappointing, its clear that 2009
was not a lost year for
Daimler: In the
course of the past year, we became significantly more efficient. Even though
the
markets remained weak, we increased our sales as the year progressed
particularly in
the fourth quarter. And we
did so more strongly than our competitors. Above all, weve
introduced
measures that will enable us not only to successfully cope with the long-term
transformation
of our sector but also to shape it from a leading position.
After playing a calculated defensive game in 2009, we will once again
go on the offensive in
2010. Our path is
set. Our leadership team is ready.
Group Overview
Now on to the details. Last year at this Annual Press Conference, I
said that we wanted to improve our performance quarter by quarter. Weve kept
this promise: In the
third quarter we returned to
profitability. In the fourth quarter we further improved our
ongoing
business operations.
These developments were based on a comprehensive and consistently
implemented package
of measures: We radically
adjusted our costs to our market volume and boosted our baseline
efficiency.
In 2009 we made fundamental improvements that boosted our earnings by more
than
five billion euros. In concrete terms, we reduced our labor costs, saved on our
material
costs, and rigorously cut
all expenditures that did not affect our competitiveness.
1
The most important performance measure in 2009 was our cash flow and
we significantly
improved this key figure as
well. By the end of the year, the free cash flow of our industrial
business
was clearly positive, and amounted to around 2.7 billion euros. Our gross and
net
liquidity also developed in a satisfactory manner.
One factor contributing to this development
was the
new capital we raised in the first quarter. Our new anchor investor, Aabar
Investments,
has a long-term orientation. This not only increases our leeway when it comes
to
future investments, but also strengthens our
position in the Middle East.
Last but not least, we fully completed our separation from Chrysler in
2009.
In the second half of 2009, we were once again successful in our
markets, even though we
couldnt fully
compensate for the massive market downturn of the first half-year.
Nonetheless,
the basic trend was the same in almost all of our business activities. Sales,
revenue,
and earnings increased in the course of the year.
Mercedes-Benz Cars
Lets begin with developments at Mercedes-Benz Cars.
Over the year as a whole, our passenger car division delivered some 1.1
million Mercedes-Benz, smart, and Maybach brand vehicles to customers. Its
revenue of 41 billion euros was
lower than in the
prior year, and its earnings of 500 million euros were negative. However, we
significantly
boosted sales over the course of the year. In terms of earnings, Mercedes-Benz
Cars
also demonstrated a positive trend as the year progressed.
Our new E-Class in particular has been a big hit with customers.
In fact, the sedan was by far
the world market
leader in its segment in 2009. In Germany our market share was 56
percent,
in Western Europe it was 31 percent, and in the U.S. it was 26 percent. And
there
were even more first
places for Mercedes: The S-Class was the leader in its segment once
again
in 2009 even though a competitor launched a completely new model. The C-Class sedan
was also Number 1 in its respective segment.
Overall, no other premium brand grew faster worldwide in the fourth
quarter than Mercedes-Benz. We aim to increase our market share in 2010 as
well.
So, whats the situation at our other divisions?
Daimler Trucks
In commercial truck markets demand practically evaporated during some
months of last year.
In this environment, Daimler
Trucks still managed to sell around 259,000 vehicles. EBIT from
ongoing
business operations was minus one billion euros.
Still, theres been a noticeable recent upswing here as well: In the
fourth quarter we sold 12
percent more trucks
than in the previous quarter. There was also a rise in incoming orders:
Compared
to the first half, orders increased by 59 percent in the second half of the
year.
And in spite of the dramatic declines in sales and earnings in
full-year 2009, we outperformed
our competitors in
important markets. Mercedes-Benz Trucks increased its share of the
European
market for heavy-duty trucks by one percentage point and for medium-duty trucks
by 2.5
percentage points. In North America and Japan weve put the necessary measures
in
place to ensure that we can be profitable in
structurally changed markets.
2
So, what do all of these developments mean for the bottom-line
performance of Daimler
Trucks in 2009? To
put it in metaphorical terms, almost every cycling race includes mountain
stages.
The absolute speeds arent as fast here, but its where the riders first
demonstrate
their true ability to
perform.
Thats basically whats happening at Daimler Trucks: For the entire
commercial vehicle
industry, 2009 was an
extreme mountain stage. Thats why the absolute figures are poor at
Daimler
Trucks as well. But compared to the competition our performance clearly set us
apart.
Mercedes-Benz Vans
The same goes for our Vans business. Here too, our relevant markets
experienced a massive
decline: With sales of
approximately 166,000 units, Mercedes-Benz Vans sales were
considerably
below those of 2008. Revenue amounted to 6.2 billion euros, a reduction of
more than
a third. Nonetheless, Mercedes-Benz Vans was profitable; EBIT was 26 million
euros.
We earned 126 million euros in the fourth quarter alone, more than
compensating for the
losses we sustained in the
first half of the year. Our vans were once again market leaders in
Germany
and Europe as a whole. Whats more, we were able to build on our lead even
further.
Daimler Buses
Overall, our buses were somewhat less affected by the economic crisis.
To be sure, sales
decreased here as well.
Nonetheless, with sales of approximately 32,500 complete buses and
chassis
in 2009, Daimler Buses was once again the worlds biggest bus manufacturer in
the
segment over eight tons gross vehicle weight.
More importantly, we were also the most profitable.
The units earnings of 183 million euros were positive. In several core
markets, we clearly outperformed the competition. We not only improved on our
strong market position in Latin America, but in the U.S. and Canada as well.
Daimler Financial Services
At Daimler Financial Services, new business and contract volume in 2009
fell to 25 billion and
58 billion euros
respectively compared to the previous year. These declines were, of course,
due to
decreases in vehicle sales.
Still, our financial services were in the black, with EBIT of nine
million euros. Whats more, our
financial services
division continued to provide us with reliable sales support in 2009: With its
help we
put 2.4 million vehicles on the road the world over.
Four strategic key aspects
To sum up, as unsatisfactory as our figures for the year as a whole
are, we definitely picked
up momentum in the
course of 2009. Were emerging from the crisis generating a lot of
torque.
And this is the case because we never lost sight of our long-term strategic
targets.
3
On the basis of our strategy for profitable growth, we have defined
four levers for 2010:
·
First: Leading products and brands.
·
Second: Pioneering technologies and business models.
·
Third:
New markets and networks.
·
And
fourth: Continuing efficiency gains.
All of these are built on a common foundation of highly motivated and
high-performing
employees.
What does this mean in concrete terms?
Leading products and brands
Leading products and brands are essential components of an explicit
premium strategy which is exactly the strategy we are pursuing at
Mercedes-Benz Cars. There are discount
stores and there
are gourmet shops. Mercedes is an automotive gourmet shop.
One of our new models illustrates that in a very special way: the SLS
AMG - which for many
people is the ultimate dream
car. Its certainly one of the automotive highlights of the year.
The SLS
AMG has already received a whole series of awards, including the Golden
Steering
Wheel, the Auto Trophy, the
title TOPauto 2010, and many more.
But the SLS is by no means the only example of leading products that
bear the Mercedes
star. In the next
twenty-four months, we will launch a total of 16 new Mercedes-Benz models.
They
include the new CLS, the new S-Class coupe, and the most fuel-efficient
and cleanest
S-Class of all time: a
luxury sedan with a four-cylinder engine. The new E-Class family has also
been
fully available in the market since we launched the convertible. This gave us a
head start
on our competitors in 2010.
But, as we all know, the fascination of premium vehicles is not limited
to large sedans or
super sports cars. Premium
passenger cars in the lower range of the Mercedes model
spectrum
are very popular as well when they appeal to customers on an emotional level.
Starting
at the end of 2011, we will therefore launch in succession four new models in
segments
below the C-Class. As a result, we expect to further boost our prospects for
sales
growth. In fact, at
Mercedes-Benz Cars we aim to sell around 1.5 million vehicles worldwide
annually
by 2015.
Top performance is also a focus at Trucks, Vans, and Buses. However,
the attributes that
ensure top performance here
are somewhat different from those in the passenger car market.
Whether
or not a truck is regarded by customers as fascinating is mainly decided by
its
total cost of ownership and its reliability.
Accordingly, Daimler Trucks has to be the top
performer
in these categories for freight transporters.
At Daimler Trucks, the current year will see the updated Atego and
Axor, the new Freightliner
Coronado, and the
new Fuso Super Great and, last but not least, a complete new generation
of Fuso
light trucks. Well also be offering updated versions of our Vito and Viano
vans, as
well as two new buses: the
Comfort and the MultiClass from Setra.
4
Across all divisions, the quality and appeal of our product range are
clearly demonstrated by
the more than 100
awards and honors we received in 2009: The Actros, for example, has
been
named Truck of the Year for the third time, the E-Class is Germanys
Favorite Car,
and in the Best Cars
survey, Mercedes-Benz gained in appeal across the board in 2010.
And then, of course, theres Formula 1. The sensational amount of
public interest and the
positive
expectations generated by the new Mercedes Grand Prix team symbolize the
charisma
of our Mercedes star and the momentum I mentioned earlier that extend far
beyond
our motor sports program. And here too, Id like to strongly reinforce a point
Ive
previously made: We aim to
be not only the Formula 1 champion but also the world champion
in
terms of Formula green.
Pioneering technologies and business models
Our second strategic lever is therefore pioneering technologies and
business models.
For decades we have been leading the way forward in safety technology.
We now aim to play
the same role in the area of
environmental compatibility. And we have a clear strategy for
achieving
our goal: Were optimizing combustion engines. Were supplementing them with
hybrid
drives. And were developing and producing fully electric vehicles that are
locally
emission free be it with
battery-electric drive or with fuel cells.
In all of these areas we are making very good progress.
At Mercedes-Benz Cars, we want to offer our customers the most
environmentally friendly
vehicle in each
segment. In 2009 alone we reduced our average fleet C0
2
emissions by 13
grams
to 160 grams. And we continue to make progress here: For example, the new six-
and
eight-cylinder engines scheduled for launch in 2010
will consume up to 25 percent less fuel
than
their respective predecessors. By the end of this year well expand our
BlueEFFICIENCY
fleet to 76 models.
We aim to reduce our average fleet C0
2
emissions to less than 140 grams by 2012.
Well not
only meet legislative
requirements, but actually exceed them.
A key component of our approach involves drive-system electrification.
Daimler is extremely
well equipped for this challenge,
thanks in part to our modern hybrid drive systems. Our S 400 HYBRID has been
successful in the market since mid-2009, we are offering the ML 450
HYBRID
in the U.S., and we unveiled the concept for a three-liter S-Class at the
last IAA.
Thanks to our plug-in hybrid
drive, we will reduce the CO
2
emissions of this S-Class to only 74
grams per kilometer. Were going to build a luxury sedan that offers the fuel
economy of a
small car.
When it comes to green commercial vehicles, Daimler is already the
global market leader and here too, hybrid technology is playing an
increasingly important role. In this area our
product
lineup is unique worldwide. It ranges from the Fuso Canter Eco Hybrid and our
Orion-brand hybrid buses to hybrid commercial vehicles with the Mercedes star.
At Mercedes-Benz
alone our product range
includes hybrid buses that are being operated by customers, hybrid
vans
that are undergoing testing, and hybrid trucks in small-volume production.
5
Naturally, our long-term goal remains zero-emission driving, and were
making progress here
as well: Since the end of
2009, smart brand electric vehicles have been proving themselves in
daily
use in Berlin. Well continue further down the road to electrification in
2010 as well.
Specifically: Well deliver
E-smart models to another seven countries, well put a fully electric
A-Class on
the road, and well put the first 100 electric Vito vehicles in customers
hands. The
electric Vito is the first
vehicle in its class worldwide that is delivered from the factory with an
electric
drive system as standard equipment.
However, its clear that the range of vehicles powered solely by
batteries will remain limited whether were talking about passenger cars or
vans. Our response to this limitation is to
systematically
further develop fuel cell systems. In addition to making it possible to travel
more
than 400 kilometers, fuel cells also offer the advantage of short refueling
times. Whats
more, as a relatively new
technology, they also offer by far the greatest development
potential.
Despite all the progress thats been made, there are still two major
hurdles to electric
mobility based on fuel cells
and batteries: For drive systems powered exclusively by batteries
its
the performance of the energy storage unit. And for both battery-powered
vehicles and
fuel-cell drives its the
establishment of an appropriate infrastructure.
We are addressing both issues and we are doing so in collaboration
with strong partners.
Let me give you just a few
examples. Together with Evonik, we are now building Europes
biggest
factory for lithium-ion batteries in the city of Kamenz in the German state of
Saxony.
We are also working with
Linde and other partners to set up a hydrogen filling station network
in
Germany. Together with energy suppliers such as RWE and Enel, we are working
hard to
establish charging stations
for battery-powered vehicles.
Partnerships like these make it possible to increase the expertise at our
disposal while
sharing the huge costs
associated with the development of green technologies. Daimler alone
invests
well over four billion euros in research and development every year. It
therefore goes
without saying that we are
determined to ensure that every cent is spent wisely. Thats why
we
dont just develop green technology; we also make it profitable for example,
through
large-scale modularization.
Our commitment here will pay off in the end. Today, no other automaker
is as well positioned
across the entire range of
environmentally friendly drive systems as Daimler.
Our technological know-how is one of the key factors that set Daimler
apart from our
competitors especially in
vehicle safety, one of our traditional areas of strength. This was
demonstrated
by the ESF the Experimental Safety Vehicle which we presented in 2009.
The
model is equipped besides other top safety innovations - with inflatable metal
structures
that improve vehicle-body
stability within fractions of a second after a collision. In the near
future,
this and other safety systems will also be available in our passenger cars.
Our Safety Truck shows whats possible in commercial vehicle safety.
And the demand is
there: Weve already sold
more than 10,000 Actros trucks equipped with our emergency
braking
system.
6
But our innovative strength doesnt stop with technology. Thats
demonstrated, for example,
by our car2go
car-sharing project. The background: Some customers prefer not to purchase
a
vehicle, but they still want to be able to use one on the spur of the moment.
car2go makes
this possible in a simple,
reliable, and affordable manner. We launched the initial pilot project
in Ulm,
Germany, in 2009. It has been a resounding success. Thats why weve also been
testing
car2go in Texas since last fall. However, the moment of truth will come later
this
year when car2go begins
operating commercially in several cities.
New markets and networks
Id now like to turn to our third strategic lever: new markets and
networks.
As you know, the automobile sectors growth is shifting from the triad
to the emerging
markets. The economic crisis
has actually reinforced this trend. The Chinese market in
particular
continued to grow in 2009. At 65 percent, retail sales growth of the
Mercedes-Benz
brand outpaced that of all
other premium manufacturers for the third time in a row. To ensure
that
this trend continues, we will launch the longer-wheelbase version of the E-Class in
the
Chinese market in July. We also plan to gain
additional market share in the U.S., where, as in
China,
we are expanding our sales network.
We also realigned our global production network for passenger cars in
2009: Our plant in
Tuscaloosa, Alabama, will
begin manufacturing the C-Class in 2014. We will build more C-Class and
E-Class models in China in the future. We laid the cornerstone for our
plant in
Kecskemét, Hungary, where we
will build the successor models of the A-Class and the
B-Class in
a production network with Rastatt, Germany.
Daimler Trucks opened a new plant in Saltillo, Mexico last year. We
have intensified our
cooperation in Russia with
the truck manufacturer Kamaz, in which we increased our financial
stake a
week ago today. Were making progress in India as well, where we are building a
new
truck plant in Chennai.
All of this shows that were not cutting back when it comes to
safeguarding the future. In fact,
even at the height
of the financial and economic crisis we didnt cut back. Thats why its all
the
more important that we control our current costs.
Continuing efficiency gains
For this reason, our fourth strategic lever focuses on continuing
efficiency gains.
Several of the measures that enabled us to cut costs in 2009 will be
phased out in 2010. One
example is the
reduction in working hours, which will be discontinued on June 30, 2010.
We
also plan to significantly scale back short-time
work schemes in passenger car units, and
completely
eliminate them wherever market conditions allow it.
On the one hand, the impact of such short-term measures will become
weaker. On the other
hand, certain measures aimed
at achieving permanent improvements will first take full effect
in
2010.
Our goal remains to continue moving forward in this area. The responsibility
to do so remains
squarely in our individual
business areas, which continue to tenaciously pursue improvements
through
existing strategies such as GoFor 10 at Mercedes Cars or Global Excellence
at
Daimler Trucks.
7
Outlook
Now the question is what business developments do we expect to see in
2010?
According to the latest forecasts of leading institutes, the global
economy could grow by
nearly three percent this
year. It also appears possible that global passenger car markets will
expand
by three to four percent. The premium segment is expected to grow faster than
the
overall market: Because we didnt get high on a
scrappage-program in 2009, we neednt
worry about a
hangover in 2010.
Against this backdrop, what are we expecting for Daimler?
At Mercedes-Benz Cars, we expect to see both a slight increase in sales
and a higher profit
margin. EBIT will probably
total around 1.5 billion euros.
At Daimler Trucks we also expect a slight increase in sales, even
though the underlying level
will be low in
absolute terms. Together with decreasing costs and the initial positive effects
of
the realignment of our business activities in North
America and Asia, we expect to yield an
EBIT of
approximately 200 million euros.
The positive sales trend that began at Mercedes-Benz Vans in mid-2009
should become
stronger. From todays
perspective, EBIT should be in the order of about 250 million euros.
The expected sales growth at Buses will probably be driven primarily by
markets in Latin
America. In 2010 we
therefore expect EBIT that is again about 180 million euros.
Finally, at Daimler Financial Services we anticipate stable development
of the divisions global
contract volume and
EBIT of at least 350 million euros.
We expect the Group as a whole to post EBIT of more than 2.3 billion
euros from our ongoing
business.
Before Bodo Uebber provides you with more details on our 2009 business
developments, I
would like to conclude my
remarks with a rather basic consideration. This press conference
will
take about two hours in total. During that time, approximately 14,000
automobiles will
roll off assembly lines
around the world. In 2010, we can expect about 66 million new
vehicles
to hit the road.
This figure will increase further in the future the rapid spread of
the automobile in the
emerging markets leaves no
doubt of that. From 2020 on, more than 90 million passenger
cars
and commercial vehicles will be manufactured annually worldwide. This leads us
to two
conclusions. First: The
automotive industry remains a future-oriented sector. And second: In
order
for the expansion of self-determined mobility a positive development in
social and
economic terms to be
ecologically acceptable, we have to build increasingly clean
automobiles.
And thats exactly what were doing.
Daimler will be at the forefront of the pioneers who are shaping this
transformation. The
history of the automobile
began right here in Stuttgart and from here well also make many
more
substantial contributions to its next chapters.
Thank you!
***
8
The figures in this document are preliminary and have
not yet been approved by the
Supervisory Board nor audited by the external auditors.
This document contains forward-looking statements that reflect our
current views about future events. The
words anticipate,
assume, believe, estimate, expect, intend, may, plan, project,
should and
similar expressions are used
to identify forward-looking statements. These statements are subject to many
risks
and uncertainties, including
a lack of further improvement or a renewed deterioration of global economic
conditions,
in particular a renewed decline of consumer demand and investment activity in
Western Europe or
the United States, or a
downturn in major Asian economies; a continuation or worsening of the tense
situation in
the credit and financial
markets, which could result in a renewed increase in borrowing costs or limit
our funding
flexibility; changes in
currency exchange rates or interest rates; the ability to continue to offer
fuel-efficient and
environmentally friendly
products; a permanent shift in consumer preference towards smaller, lower
margin
vehicles; the introduction of
competing, fuel-efficient products and the possible lack of acceptance of our
products
or services, which may limit our ability to adequately utilize our production
capacities or raise prices;
price increases in
fuel, raw materials and precious metals; disruption of production due to
shortages of
materials, labor strikes, or
supplier insolvencies; a further decline in resale prices of used vehicles; the
effective
implementation of
cost-reduction and efficiency-optimization programs at all of our segments,
including the
repositioning of our truck
activities in the NAFTA region and in Asia; the business outlook of companies
in which
we hold an equity interest,
most notably EADS; changes in laws, regulations and government policies,
particularly
those relating to vehicle emissions, fuel economy and safety, the resolution of
pending governmental
investigations and the
outcome of pending or threatened future legal proceedings; and other risks and
uncertainties,
some of which we describe under the heading Risk Report in Daimlers most
recent Annual
Report and under the headings
Risk Factors and Legal Proceedings in Daimlers most recent Annual Report
on Form 20-F
filed with the Securities and Exchange Commission. If any of these risks and
uncertainties
materialize, or if the
assumptions underlying any of our forward-looking statements prove incorrect,
then our
actual results may be
materially different from those we express or imply by such statements. We do
not intend
or assume any obligation to
update these forward-looking statements. Any forward-looking statement speaks
only as
of the date on which it is made.
9
|
Annual Press Conference FY 2009 and Q4 2009 Results Bodo Uebber
Member of the Board of Management Finance &
Controlling and Daimler Financial Services February 18, 2010
|
|
Major
characteristics of FY 2009 Severe decline of vehicle markets Vehicle markets
strongly affected by worldwide financial and economic crisis Indications of a
recovery from a very low level emerged towards the end of the year Decrease
in EBIT Low point of EBIT reached in Q1 2009, followed by an impressive
improvement over the quarters Operating result impacted in all divisions due
to sales decrease Significant countermeasures initiated to enhance efficiency
and improve cost position Strong impetus from the launch of the new E-Class
and new-generation S-Class Solid financial position Free cash flow positively
affected mainly by improvement of working capital Net liquidity of industrial
business increased significantly during the year Strength of balance sheet
maintained
|
|
Automotive
market slump in triad markets Q1 Q2 Q3 Q4 *Q4 09 based on estimates 36.0
35.7 34.9 30.7 Passenger Cars - in millions of units - 27.5 Q1 Q2 Q3 Q4 *Q4
09 based on estimates 956 1,029 822 741 - in thousands of units - 448 Trucks
Q1 Q2 Q3 Q4 *Q4 09 based on estimates 1,618 1,652 1,719 1,496 - in thousands
of units - 1,009 Vans 8.7 6.4 8.6 7.0 7.4 7.3 6.0 6.9 0 5 10 15 20 25 30 35
40 '05 '06 '07 '08 '09* 198 123 201 106 180 109 162 111 0 200 400 600 800
1000 1200 '05 '06 '07 '08 '09* 419 254 428 278 344 239 305 238 0 200 400 600
800 1000 1200 1400 1600 1800 2000 '05 '06 '07 '08 '09*
|
|
Sales
stabilized - Group sales in thousands of units - Mercedes-Benz Cars 2008 2009
Daimler Trucks 2008 2009 Mercedes-Benz Vans 2008 2009 Daimler Buses 2008 2009
0 100 200 300 400 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 0 30 60 90 120 150 Q1 Q2 Q3 Q4 Q1
Q2 Q3 Q4 0 20 40 60 80 100 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 0 2 4 6 8 10 12 Q1 Q2 Q3
Q4 Q1 Q2 Q3 Q4
|
|
Key financials
(0.8) 6.2 EBIT excl. special reporting items 78.9 98.5 Revenue (2.6) 1.4 Net
profit (loss) (1.5) 2.7 EBIT 7.3 3.1 Net liquidity industrial business
(year-end) 2.7 (3.9) Free cash flow industrial business FY 2009 FY 2008 - in
billions of -
|
|
Strong increase
in net industrial liquidity - in billions of - 3.1 Net liquidity industrial
12/31/2008 Free cash flow industrial business Capital increase 2.7 2.0
Dividend payment (0.6) Net liquidity industrial 12/31/2009 7.3 Working
capital reduction +5.2 Sales, earnings and other cash flow impact -3.1 Taxes
leveraged leases +0.6
|
|
Key
balance-sheet figures 7.3 3.1 Net liquidity 16.1 8.0 Gross liquidity 24.7%
24.3% Equity ratio Daimler Group 42.6% 42.7% Equity ratio Industrial business
Dec. 31, 2009 Dec. 31, 2008 - in billions of -
|
|
Dividend The
Board of Management proposes no payment of a dividend for the year 2009 This
proposal is based on the weak operating business and the substantial
full-year net loss in 2009 The company expects to resume dividend payments
for FY 2010
|
|
Significant
improvement over the quarters - EBIT in millions of , return on sales in % -
2008 2009 (359) (1,123) (340) 608 3.5% 5.3% (12.4%) (3.3%) (3.2%) Q4 Q1 Q2 Q3
Q4 355 Mercedes-Benz Cars
|
|
Model mix
improved by launch of new E-Class and new-generation S-Class - Group sales in
thousands of units* - * Excluding Mitsubishi vehicles produced and/or sold in
South Africa 284 230 286 271 302 2008 2009 smart M-/R-/G-/GL-/GLK-Class
A-/B-Class C-Class E-Class S-Class Q4 Q1 Q2 Q3 Q4 Mercedes-Benz Cars
|
|
Earnings
impacted by weak demand and repositioning in NAFTA and Asia; operating
business stabilized in H2 2008 2009 (142) (508) (127) 86 (224) (2.9%) (12.0%)
(2.9%) 1.1% (4.6%) Q4 Q1 Q2 Q3 Q4 Daimler Trucks - EBIT in millions of ,
return on sales in % -
|
|
Incoming orders
show signs of recovery in the truck business - Incoming orders in thousands
of units - 73 40 56 75 77 2008 2009 Trucks Asia Trucks NAFTA Trucks Europe/
Latin America Q4 Q1 Q2 Q3 Q4 Daimler Trucks
|
|
Turnaround
achieved through countermeasures and slight market recovery 158 (91) 1 (10)
126 0.1% (0.7%) (7.0%) 7.2% 6.8% Q4 Q1 Q2 Q3 Q4 2008 2009 Mercedes-Benz Vans
- EBIT in millions of , return on sales in % -
|
|
Daimler Buses
profitable throughout the year despite weaker markets 65 49 23 69 46 2.2%
4.4% 7.2% 5.1% 3.8% Q4 Q1 Q2 Q3 Q4 2008 2009 Daimler Buses - EBIT in millions
of , return on sales in % -
|
|
Financial
Services affected by higher cost of risk and sale of non-automotive portfolio
- EBIT in millions of - 153 (167) 79 101 (4) Q4 Q1 Q2 Q3 Q4 2008 2009
Daimler Financial Services
|
|
Improvement in
Group EBIT from ongoing business and free cash flow from the industrial
business (1.5) 0.4 0.5 (1.0) (1.4) - as reported 0.5 0.6 Q4 2009 2.0 0.4 Q3
2009 (1.1) (1.4) Q1 2009 (0.8) (0.4) - excl. special reporting items EBIT
Daimler Group 2.7 1.4 Free cash flow industrial business FY 2009 Q2 2009 in
billions of
|
|
Countermeasures
of 5.3 bn significantly outperformed original target of 4 bn Net proceeds
Material costs Other overheads Personnel costs Short-time work in production
and other functions Reduced working time and labor costs Cutting expenses and
reducing spending Prioritization of investment projects Optimization of
non-productive materials Achieving lower prices based on declining raw
material prices Accelerated implementation of module strategy Safeguard
positive net pricing Earlier market launch of new E-Class sedan in the U.S.
Optimization of pricing potential of extras/packages and fuel-efficiency
features Achievement in FY 2009: 5.3 bn 13% 12% 40% 35%
|
|
Assumptions for
automotive markets in 2010 in a volatile macro-economic environment Car
markets Worldwide market expected to grow by approximately 3 to 4% Growth
potential in particular in China and North America Truck markets Demand for
medium- and heavy-duty trucks expected to increase globally, driven by North
America, Latin American markets and Asia Europe: slightly higher than 2009
NAFTA region: +10 to 15% Japan: approximately at the level of 2009 Van
markets Positive market development expected from low level Bus markets
Growing worldwide market primarily driven by Latin American markets, while
Western European bus markets are expected to decline
|
|
Outlook for
Daimler unit sales in 2010 Mercedes-Benz Cars Unit sales should increase in
2010 Attractive and competitive product portfolio, full availability of new
E-Class models Daimler Trucks 2010 unit sales expected to increase from low
level Main driver is expected to be market recovery in North and South
America Mercedes-Benz Vans Positive unit sales development should continue
Daimler Buses Higher unit sales anticipated due to growth in Latin America
|
|
Outlook for
EBIT in 2010 Mercedes-Benz Cars Results from ongoing business should benefit
from higher unit sales and improved margins EBIT of more than 1.5 billion
expected Daimler Trucks Profit of approximately 200 million expected, driven
by the ongoing repositioning and efficiency programs and slight volume growth
Mercedes-Benz Vans Should achieve EBIT of approximately 250 million Daimler
Buses EBIT of approximately 180 million expected Daimler Financial Services
EBIT of at least 350 million expected Daimler Group In this challenging
economic environment, we expect Daimler to post EBIT from the ongoing
business of more than 2.3 billion For the reconciliation between the sum of
the segments and the Group, charges of 200 million are expected We will
continue to monitor risks along the automotive value chain
|
|
Annual Press
Conference FY 2009 and Q4 2009 Results Questions & Answers February 18,
2010
|
|
Group EBIT in
FY 2009 - in millions of - (77) 2,747 2,730 (9,437) 3,036 (568) (1,513)
Cars (4,313) Trucks (3,846) Vans (1,089) Buses (189) Cars +1,239 Trucks
+1,470 Vans +294 Buses +33 Cars +76 Trucks (96) Vans +11 Buses (68)
Reassessment of residual values +465 Chrysler +2,934 Sale of real estate
(449) Actual FY 2008 Actual FY 2009 Volume/ Structure/ Net pricing Foreign
exchange rates Other cost changes Special reporting items Financial Services
Others 56
|
|
Positive effect
from full availability of new E-Class models and efficiency improvements - in
millions of - Higher unit sales Full availability of new E-Class
Countermeasures (359) 608 + 967 EBIT Q4 2008 EBIT Q4 2009 Mercedes-Benz Cars
|
|
Lower unit
sales Product-related costs Continued weak demand for trucks affected EBIT -
in millions of - Countermeasures Lower charges for repositioning of North
American business 86 (224) - 310 EBIT Q4 2008 EBIT Q4 2009 Daimler Trucks
|
|
Return to
profitability in Q4 - in millions of - Countermeasures 158 126 Lower unit
sales Foreign exchange rates EBIT Q4 2008 EBIT Q4 2009 - 32 Mercedes-Benz
Vans
|
|
Decrease in
EBIT due to lower sales volume in major markets - in millions of - Decrease
in unit sales and less favorable model mix Foreign exchange rates
Countermeasures 69 46 EBIT Q4 2008 EBIT Q4 2009 - 23 Daimler Buses
|
|
Financial
Services affected by higher cost of risk and sale of non-automotive portfolio
- in millions of - Countermeasures Lower funding spreads 153 (4) - 157 EBIT
Q4 2008 EBIT Q4 2009 Higher cost of risk Sale of non-automotive portfolio
Daimler Financial Services
|
|
Special items
affecting EBIT Daimler Financial Services (100) (81) Sale of
non-automotive assets (95) (233) (47) (233) Repositioning of Daimler Trucks
North America (465) (16) Reassessment of residual values Mercedes-Benz
Cars 84 84 Adjustment of pension benefit plans 449 Sale of real
estate (245) (28) Realignment of Mitsubishi Fuso Truck and Bus Corp. (78)
(1,670) (343) 29 2008 4th quarter 5 2009 (247) New management
model (294) (1,838) Other gains/(expenses) related to Chrysler (1,390)
Equity-method result Chrysler 130 Transfer of shares in EADS 29
Adjustment of pension benefit plans/healthcare benefit plans 2009 2008
Reconciliation Daimler Trucks Fiscal year - in millions of -
|
|
Net profit and
earnings per share Net profit (loss) - in millions of - Earnings (loss) per
share - in - FY 2008 FY 2009 1.41 (2.63) FY 2008 FY 2009 1,414 (2,644)
|
|
Liquidity 4,334
11,808 16,142 4,394 13,247 17,641 Gross liquidity (52,778) (4,523) (57,301)
(52,027) (6,533) (58,560) Financing liabilities (nominal) (47,633) 1,584
2,810 FS 6,714 4,559 8,688 IB (40,919) 6,143 11,498 Group September 30, 2009
December 31, 2009 in millions of FS IB Group (41,159) 6,342 9,800
(48,444) 7,285 Net liquidity 1,269 5,073 Marketable securities and term
deposits 3,065 6,735 Cash and cash equivalents
|
|
Financing
liabilities (nominal) 5.6 0.2 0.6 0.0 0.2 1.1 3.5 Q2 2010 1.8 0.2 0.3 0.0 0.2
0.9 0.2 Q3 2010 3.0 0.2 0.2 0.0 0.2 1.2 1.2 Q4 2010 13.6 0.2 8.0* 0.2 0.2 2.1
2.9 Q1 2010 1.1 Other 0.2 Commercial paper 1.3 ABS 29.1 Bonds 13.0 Bank loans
57.3 Total 12.6 Account deposits Dec. 31, 2009 thereof maturing in * Thereof
4.3 bn daily cash accounts - in billions of -
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|
Funding status
of pension and healthcare benefits - in billions of - 0.1 0.1 Reimbursement
Medicare Act (2.8) 3.1 (5.9) 10.6 (16.5) Dec. 31, 2009 0.0 0.9 (0.9) 0.0
(1.0) Sept. 30, 2009 0.9 3.5 Provisions 0.0 (1.4) Funded position net of
provisions (1.0) (15.3) Benefit obligations (0.9) (4.9) Funded status 0.0
10.4 Plan assets Dec. 31, 2009 Sept. 30, 2009 Pension benefits Healthcare
benefits
|
|
Research &
development costs FY 2008 FY 2009 - in millions of - Total R&D
Recognized in P&L of which capitalized Amorti- zation 4,442 3,693 1,387
638 Total R&D Recognized in P&L of which capitalized Amorti-zation
4,181 3,543 1,285 647
|
|
Economic crisis
is reflected by higher net credit losses* * percent of global automotive
portfolio, subject to credit risk 0.91% 0.53% 0.39% 0.43% 0.50% 0.68% 0.69%
2003 2004 2005 2006 2007 2008 2009
|
|
Disclaimer This
document contains forward-looking statements that reflect our current views
about future events. The words anticipate, assume, believe, estimate,
expect, intend, may, plan, project, should and similar
expressions are used to identify forward-looking statements. These statements
are subject to many risks and uncertainties, including a lack of further
improvement or a renewed deterioration of global economic conditions, in
particular a renewed decline of consumer demand and investment activity in
Western Europe or the United States, or a downturn in major Asian economies;
a continuation or worsening of the tense situation in the credit and
financial markets, which could result in a renewed increase in borrowing
costs or limit our funding flexibility; changes in currency exchange rates or
interest rates; the ability to continue to offer fuel-efficient and
environmentally friendly products; a permanent shift in consumer preference
towards smaller, lower margin vehicles; the introduction of competing,
fuel-efficient products and the possible lack of acceptance of our products
or services, which may limit our ability to adequately utilize our production
capacities or raise prices; price increases in fuel, raw materials and
precious metals; disruption of production due to shortages of materials,
labor strikes, or supplier insolvencies; a further decline in resale prices
of used vehicles; the effective implementation of cost-reduction and
efficiency-optimization programs at all of our segments, including the
repositioning of our truck activities in the NAFTA region and in Asia; the
business outlook of companies in which we hold an equity interest, most
notably EADS; changes in laws, regulations and government policies,
particularly those relating to vehicle emissions, fuel economy and safety,
the resolution of pending governmental investigations and the outcome of
pending or threatened future legal proceedings; and other risks and uncertainties,
some of which we describe under the heading Risk Report in Daimlers most
recent Annual Report and under the headings Risk Factors and Legal
Proceedings in Daimlers most recent Annual Report on Form 20-F filed with
the Securities and Exchange Commission. If any of these risks and
uncertainties materialize, or if the assumptions underlying any of our
forward-looking statements prove incorrect, then our actual results may be
materially different from those we express or imply by such statements. We do
not intend or assume any obligation to update these forward-looking
statements. Any forward-looking statement speaks only as of the date on which
it is made.
|
Speech by
Bodo Uebber
Member of the Board of Management
of Daimler AG
Finance & Controlling and Daimler Financial
Services
Annual Press Conference
Stuttgart
February 18, 2010
Overview
Ladies
and gentlemen, I would now like to talk in more detail about the key figures of
our
financial statements, which are preliminary and not yet audited.
2009
was the most challenging year of recent decades in economic terms. The global
financial and
economic crisis had a severe impact also on the automotive markets. But, at the
end of last
year, we had the first signs of market recovery - even though from a low level.
The
impact of the crisis is also reflected in our results of operations: Although
we improved
from quarter to quarter, we report Group EBIT of minus 1.5 billion for
2009. In order to
counteract the decline in unit sales and
earnings across all our divisions, we implemented a
broad range of measures at
an early stage to increase our efficiency and improve our cost
situation. We
also benefited significantly from the launch of the new E-Class.
The
steps we took to improve our working capital, in particular the reduction of
vehicle
inventories, had a very positive effect on the free cash flow from the
industrial business. This
also resulted in a significant
increase in the net liquidity of the industrial business as the year
progressed. And
we maintained a solid balance sheet situation.
Automotive markets
This
chart shows how drastically the triad markets slumped in 2009. Following a
substantial
drop in global demand for cars in the middle of 2008, the lowest point
of recent decades was
reached in the fourth quarter of 2008 and the
first quarter of 2009.
We
experienced the biggest slump in demand in nearly 30 years - and this was
despite the
national car-buyers incentive programs, which mainly benefited the
small-car segment. In the
segments for premium
automobiles important to Daimler, unit sales fell even more drastically
in some
markets.
The
demand slump in commercial vehicle markets was even more severe. The need for
transport
services fell drastically due to the economic crisis; in many important
markets,
truck orders fell almost to zero in some months. The situation was the
worst in the segment
of medium and heavy-duty trucks, where demand
fell over the full year by more than 30% in
the United States, by over
40% in Western Europe, and even by more than 45% in Japan.
Only
China achieved growth in both its car and commercial vehicle markets.
Unit sales
What
this market environment meant for Daimlers vehicle unit sales is shown on this
chart.
Total
unit sales fell sharply as of the second half of 2008. The lowest point for
cars was in the
first quarter of 2009, for trucks it was in
the second. A distinct upward trend has been
apparent since the third
quarter, although we have still not returned to pre-crisis levels, in
particular with
commercial vehicles.
2
The
incipient revival for cars can be seen in unit sales for the fourth quarter of
2009, in which
Mercedes-Benz for the first time sold more
cars than in the prior-year period, with an increase
of 7%.
Key financials
The
continuous improvement during 2009 is also reflected by our key financials.
After
the significantly negative results of the first two quarters, EBIT and net
loss/profit
improved distinctly in the second half of the year, although not enough
to offset the losses of
the first half.
EBIT
for full-year 2009 amounted to minus 1.5 billion; in the prior year, we
achieved positive
EBIT of 2.7 billion. When special items are
excluded, EBIT from ongoing operations amounts
to minus 0.8 billion.
EBIT
for 2009 was also negatively impacted by 388 million related to the
discounting of noncurrent provisions due to falling interest rates and by 164
million related to the higher
contribution to the German
Pension Security Association.
As
a result of the significantly lower business volume and net interest result,
the Group
posted a net loss of 2.6 billion.
Possible
charges have not yet been taken into consideration from ongoing negotiations
between EADS
and the ordering countries concerning the financing of the A400M military
transport
airplane.
The
free cash flow and net liquidity of the industrial business developed very
positively,
however.
Net industrial liquidity
The
free cash flow of the industrial business increased from minus 3.9 billion in
2008 to plus
2.7 billion last year.
This
was primarily due to our effective working capital management, which led to
significantly
lower inventories. This more than compensated
for the charges from the negative
development of earnings in
the first two quarters.
In
addition, the capital increase carried out in March led to a cash inflow
of nearly 2 billion.
In
total, the net liquidity of the industrial business increased from 3.1 billion
at the end of
2008 to 7.3 billion at the end of 2009.
Key balance sheet figures
This
development strengthened our already-healthy balance sheet figures: The Groups
gross liquidity amounted to
16.1 billion at the end of 2009.
3
In
view of the uncertain macroeconomic situation, we deliberately maintained
higher levels of
liquidity. We were helped in this by the
successful deposit business of Mercedes-Benz Bank.
We will gradually reduce our
levels of liquidity again this year.
Our
equity ratios of 24.7% for the Daimler Group and 42.6% for the industrial
business are still
very solid.
Dividend
In
view of the net loss, the Board of Management recommends to the Supervisory
Board that
no dividend should be distributed for the year 2009.
The
sole reason for this recommendation is last years weak business development;
it is not
related to our expectations for unit sales and earnings in 2010.
We
assume that we will pay a dividend again for this year and the coming years.
Let
me now turn to the results of the individual divisions.
Mercedes-Benz Cars
At
Mercedes-Benz Cars, full-year EBIT decreased from plus 2.1 billion to minus
0.5 billion.
This sharp decrease was primarily caused by
the lower unit sales.
Earnings
were also reduced by the ongoing price pressure and intense competition in the
automotive
markets, by the less favorable model mix, and by expenditure for the reduction
of
CO
2
emissions.
There
were positive effects on earnings from the measures taken to reduce costs, such
as the
adjustment of personnel costs and the intensification of the
optimization and efficiency- enhancing programs already in place.
You
can see the results in the development of EBIT and return on sales over the
quarters: Our
car division continuously improved its
earnings during the year and returned to the profit zone
in the second
half of 2009.
Return
on sales improved continuously during the year and reached 5.3% in the fourth
quarter.
This
positive development was primarily due to the market success of the
E-Class and the S- Class.
The
new E-Class sedan was the global market leader in its segment in 2009. The
coupe is
also successful in the market, as is the station wagon, which has only
been available since
the end of November. These new models have
resulted in a significant improvement in our
model mix.
But
the new generation of the S-Class also started successfully: Despite new
models from
competitors, the S-Class was once again the worlds bestselling
luxury sedan in 2009. Above
all, the new S 400 HYBRID
significantly surpassed our expectations.
4
Mercedes-Benz
also increased its unit sales in the SUV segment, mainly due to the success of
the GLK, our
new compact SUV.
Daimler Trucks
Lets
now turn to the Daimler Trucks division.
EBIT
here fell from the prior years plus 1.6 billion to minus 1.0 billion. In
view of the
prevailing environment, we believe that was a very respectable result.
The flexibilization of the
cost structure achieved in
recent years yielded benefits in Europe.
The
traditionally cyclical truck markets collapsed to a previously unknown extent
last year. All
of our core markets were affected by the
resulting slump in unit sales of 45% overall.
In
addition, Daimler Trucks earnings were reduced by 245 million due to the
repositioning
of the business operations of Mitsubishi Fuso
Truck and Bus Corporation. The measures
initiated in 2008 to
reposition Daimler Trucks North America reduced earnings by 95 million
in 2009.
Our
efficiency-enhancing actions had increasing effects also at Daimler Trucks as
the year
progressed: Operating profitability stabilized in the second half of
the year, although it was
still slightly negative.
Incoming
orders developed positively as the year progressed. Compared to the first
quarter of
2009, orders received in the fourth quarter nearly doubled - although
they are by no means
back to a satisfactory level.
All
business units were faced with the challenge of adjusting their capacities to
substantially
lower production volumes. By applying
numerous flexibility instruments such as working-time
accounts and
temporary workers, we were able to react quickly to falling orders received in
Germany, for
example.
In
Brazil, however, demand for trucks revived again slightly in the second half of
the year.
Mercedes-Benz Vans
The
Mercedes-Benz Vans division was also unable to avoid the general market
development.
Its
EBIT of 26 million for the full year was substantially lower than the 818
million achieved
in 2008.
Following
a significant worsening of earnings in the first quarter, cost adjustments and
a
slight revival of demand meant that EBIT reached breakeven in the third
quarter.
And
in the fourth quarter, Mercedes-Benz Vans posted a respectable profit once
again;
although it was partially boosted by items of aperiodic income.
5
Daimler Buses
Despite
the crisis, Daimler Buses was in the black in each quarter of the year.
The
bottom line is that our Daimler Buses division posted EBIT of 183 million for
the full
year. The fact that this is below the prior-year result is due to three
main reasons: first, the
general decline in demand; second, increased
development expenses and investment in new
products and environmental
technology; third, negative exchange-rate effects.
But,
we took countermeasures also at this division, and their success is clear to
see: Return
on sales was 4.3% despite the economic crisis. No bus manufacturer in
the world was more
profitable than that in 2009.
Daimler Financial Services
Daimler
Financial Services achieved just over breakeven with EBIT of 9 million in
2009. The
divisions EBIT in the prior year amounted to 677 million.
Increased
cost of risk was the main reason for this decrease.
EBIT
also included charges totaling 100 million relating to the non-automotive
portfolio. A
substantial part of this portfolio has been
sold or is available for sale. But there were also
positive effects on earnings
at Daimler Financial Services from the successful efficiency
enhancements.
EBIT from ongoing business and free cash flow
This
chart presents the development of EBIT and of the free cash flow of the
industrial
business over the quarters once again.
EBIT
adjusted for special reporting items improved continuously and amounted to 0.6
billion
in the fourth quarter. This is still below the level we aim for, and
which we are confident of
achieving under normal
market circumstances. But the trend is clearly moving in the right
direction.
We
have rigorously reduced our costs and substantially improved our efficiency.
Furthermore,
we profited from the slight increase in
demand for cars - particularly in the premium segment
- at the end of
the year. And we were able to offer exactly the right products with the new
models of the
E-Class and the new-generation S-Class.
This
upward trend is confirmed by the development of the free cash flow from the
industrial
business, which benefited from our successful working capital
management and strict cost
discipline.
6
Countermeasures
Daimler
reacted to the crisis quickly and decisively, and initiated a comprehensive
program
last spring.
The
improvements affecting earnings I mentioned before in an amount of 5.3 billion
resulted
from, among other things, reductions in material expenses, strict cost
discipline across all
divisions and a substantial reduction in
labor costs. The most important levers for the
successful flexibilization
of labor costs were the selective introduction of short-time work and
reductions in
working time with proportionate reductions in wages and salaries.
The
package of measures that has been signed by management and the central works
council
is effective until the end of June 2010, so we will profit from it
also during this year.
But
senior executives, the Board of Management and the Supervisory Board also made
significant
contributions in 2009.
In
addition, we have increased the pace of our efficiency programs once again,
which will
permanently improve our cost position.
Assumptions for automotive markets
What
do we now expect for automotive markets in 2010?
The
financial and economic crisis should meanwhile have bottomed out. But it still
seems too
early to speak of a self-sustaining, long-term upswing. Based on current
estimates, we
assume that global demand for automobiles
will grow by between 3 and 4% in 2010.
In
Western Europe, we expect the end or gradual expiry of
scrappage incentives to lead to a
decrease in new car
registrations. In the United States, the market for cars and light trucks
should recover
gradually from a low level following the massive declines of recent years.
Markets
such as Russia, which went through a deep crisis last year, should improve
slightly at
a low level. The Chinese and Indian markets will probably continue to
expand - although not
as dynamically as in 2009.
Worldwide,
growth in the upper premium car segments could be more pronounced than in the
market overall,
because these markets hardly profited from state incentive programs last year
so there should
be no related reduction in demand.
Worldwide
demand for commercial vehicles should also increase again moderately overall,
after last
years crisis. In Europe, market volume in the segment of trucks above six tons
should be
slightly above the level of 2009. For the NAFTA region, we anticipate growth of
10
to 15% for medium and heavy-duty trucks, after three years of decline.
And in Japan, we
assume that demand in this segment will be at
the same low level as last year.
The
truck markets of the large emerging economies are also likely to expand
moderately in
2010. Demand should at first stabilize in
Russia and Eastern Europe and then increase as the
year progresses. A recovery
of demand for trucks is also to be expected in India and Brazil,
following the
falls of 2009. China will remain by far the worlds biggest market for medium
and heavy-duty
trucks, and should roughly maintain its strong level of demand.
7
Demand
for vans should increase from a low level. We anticipate worldwide market
growth
for buses, mainly driven by the Latin American markets. In Western
Europe, however, demand
for buses is likely to decrease.
Outlook for Daimler unit sales
On
the basis of these market expectations, we assume that Mercedes-Benz Cars will
increase
its unit sales in 2010. We will profit from our attractive and
competitive model range, and in
particular from the full
availability of the new E-Class models.
Daimler
Trucks also anticipates higher unit sales in 2010. We foresee impetus from some
Latin American
markets as well as - from a very low base - the NAFTA region. In our Asian
markets, Fusos
unit sales should increase once again.
We
also anticipate higher unit sales from Mercedes-Benz Vans and Daimler Buses
this year.
At Daimler Buses, the growth will be primarily driven by the Latin
American markets, whereas
in Western Europe we will
probably not quite achieve the level of 2009 for market reasons.
Outlook for EBIT
What
does that mean for our earnings?
Although
the economic environment will remain challenging, we expect the Daimler Group
to
post EBIT from its ongoing business of more than 2.3 billion in 2010.
Earnings
could be affected by the continuation of a very tough competitive situation in
many
markets, as well as by currency translation. Another factor is that we
will continue our
investment in new technologies, especially in
reducing fuel consumption and emissions, and
in expanding in the markets
of the future.
We
will also continue to monitor the risks in the automotive value chain.
At
Mercedes-Benz Cars, we anticipate EBIT of more than 1.5 billion this year,
assisted by
increased unit sales and higher margins.
We
expect Daimler Trucks to achieve EBIT of approximately 200 million in 2010,
with
contributions from increased unit sales as well as from our programs to
reposition the truck
business in North America and Asia. These programs
will result in lower charges than in 2009
and have a positive impact
on earnings.
For
the Mercedes-Benz Vans division, we anticipate EBIT of approximately 250
million in
2010.
At
Daimler Buses, we foresee significantly positive EBIT in the magnitude of the
prior year.
In
the financial services business, we assume that the cost of risk will decrease
this year.
Furthermore, Daimler Financial Services will continue its
efficiency-enhancing actions and as
a result anticipates EBIT of
at least 350 million.
Ladies
and gentlemen, thank you for your attention. We will now be pleased to answer
your
questions.
8
The figures in this document are preliminary and have not yet
been approved by the
Supervisory Board nor audited by the external auditors.
This
document contains forward-looking statements that reflect our current views
about future events. The
words anticipate, assume, believe,
estimate, expect, intend, may, plan, project, should and
similar
expressions are used to identify forward-looking statements. These statements
are subject to many risks
and uncertainties, including
a lack of further improvement or a renewed deterioration of global economic
conditions, in
particular a renewed decline of consumer demand and investment activity in
Western Europe or
the United States, or a downturn in major
Asian economies; a continuation or worsening of the tense situation in
the credit and
financial markets, which could result in a renewed increase in borrowing costs
or limit our funding
flexibility; changes in currency exchange
rates or interest rates; the ability to continue to offer fuel-efficient and
environmentally
friendly products; a permanent shift in consumer preference towards smaller,
lower margin
vehicles; the introduction of competing,
fuel-efficient products and the possible lack of acceptance of our
products or
services, which may limit our ability to adequately utilize our production
capacities or raise prices;
price increases in fuel, raw
materials and precious metals; disruption of production due to shortages of
materials, labor
strikes, or supplier insolvencies; a further decline in resale prices of used
vehicles; the effective
implementation of cost-reduction and efficiency-optimization
programs at all of our segments, including the
repositioning of our truck
activities in the NAFTA region and in Asia; the business outlook of companies
in which
we hold an equity interest, most notably EADS; changes in laws,
regulations and government policies,
particularly those relating
to vehicle emissions, fuel economy and safety, the resolution of pending
governmental
investigations and the outcome of pending or
threatened future legal proceedings; and other risks and
uncertainties,
some of which we describe under the heading Risk Report in Daimlers most
recent Annual
Report and under the headings Risk Factors
and Legal Proceedings in Daimlers most recent Annual Report
on Form 20-F
filed with the Securities and Exchange Commission. If any of these risks and
uncertainties
materialize, or if the assumptions underlying
any of our forward-looking statements prove incorrect, then our
actual results
may be materially different from those we express or imply by such statements.
We do not intend
or assume any obligation to update these
forward-looking statements. Any forward-looking statement speaks
only as of the
date on which it is made.
9
Fact Sheet
for Q4 2009 and Full Year
2009
February 18, 2010
Contents
Daimler
Group
|
|
l
|
Stock
Market Information
|
3
|
l
|
Earnings
Situation
|
4 - 9
|
|
|
|
Sales Information
|
|
l
|
Mercedes-Benz
Cars
|
10 - 12
|
l
|
Daimler
Trucks
|
13 - 16
|
l
|
Mercedes-Benz
Vans
|
17 - 18
|
l
|
Daimler
Buses
|
19
|
The figures in this document are preliminary and have
not yet been approved yet by the Supervisory Board nor audited by the external
auditor.
2
Stock
Market Information
|
|
1st Quarter
|
|
2nd Quarter
|
|
3rd Quarter
|
|
4th Quarter
|
|
Fiscal Year
|
|
|
|
2009
|
|
2008
|
|
2009
|
|
2008
|
|
2009
|
|
2008
|
|
2009
|
|
2008
|
|
Change
|
|
2009
|
|
2008
|
|
Change
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings per share (in EUR)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
basic
|
|
(1.40
|
)
|
1.29
|
|
(0.99
|
)
|
1.40
|
|
0.04
|
|
0.21
|
|
(0.34
|
)
|
(1.61
|
)
|
+79
|
%
|
(2.63
|
)
|
1.41
|
|
|
|
diluted
|
|
(1.40
|
)
|
1.29
|
|
(0.99
|
)
|
1.40
|
|
0.04
|
|
0.21
|
|
(0.34
|
)
|
(1.61
|
)
|
+79
|
%
|
(2.63
|
)
|
1.40
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
continuing operations, basic
|
|
(1.40
|
)
|
1.29
|
|
(0.99
|
)
|
1.42
|
|
0.04
|
|
0.22
|
|
(0.34
|
)
|
(1.32
|
)
|
+74
|
%
|
(2.63
|
)
|
1.71
|
|
|
|
continuing operations, diluted
|
|
(1.40
|
)
|
1.29
|
|
(0.99
|
)
|
1.42
|
|
0.04
|
|
0.22
|
|
(0.34
|
)
|
(1.32
|
)
|
+74
|
%
|
(2.63
|
)
|
1.70
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average number of shares
outstanding (in millions)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(adjusted for treasury stocks)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
basic
|
|
943.5
|
|
998.0
|
|
1,023.8
|
|
963.2
|
|
1,023.8
|
|
941.9
|
|
1,024.0
|
|
927.8
|
|
+10
|
%
|
1,003.8
|
|
957.7
|
|
+5
|
%
|
diluted
|
|
943.5
|
|
1,002.8
|
|
1,023.8
|
|
966.0
|
|
1,023.8
|
|
942.8
|
|
1,024.6
|
|
927.8
|
|
+10
|
%
|
1,003.8
|
|
959.9
|
|
+5
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of shares outstanding
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(at period end, in millions)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
total shares outstanding
|
|
1,061.0
|
|
964.1
|
|
1,061.0
|
|
964.5
|
|
1,061.0
|
|
964.6
|
|
1,061.2
|
|
964.6
|
|
+10
|
%
|
|
|
|
|
|
|
adjusted for treasury stock
|
|
1,023.8
|
|
964.1
|
|
1,023.8
|
|
958.0
|
|
1,023.9
|
|
929.7
|
|
1,024.1
|
|
927.4
|
|
+10
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Share price Frankfurt
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(at period end, in EUR)
|
|
19.08
|
|
54.15
|
|
25.78
|
|
39.28
|
|
34.41
|
|
35.40
|
|
37.23
|
|
26.70
|
|
+39
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Share price New York
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(at period end, in USD)
|
|
25.54
|
|
85.55
|
|
36.27
|
|
61.67
|
|
50.31
|
|
50.50
|
|
53.30
|
|
38.28
|
|
+39
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Market capitalization Frankfurt
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(at period end, in billions of EUR)
|
|
19.54
|
|
52.20
|
|
26.39
|
|
37.63
|
|
35.23
|
|
32.91
|
|
38.13
|
|
24.76
|
|
+54
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Market capitalization New York
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(at period end, in billions of USD)
|
|
26.15
|
|
82.48
|
|
37.13
|
|
59.08
|
|
51.51
|
|
46.95
|
|
54.58
|
|
35.50
|
|
+54
|
%
|
|
|
|
|
|
|
3
Key
Figures and Ratios
|
|
1st Quarter
|
|
2nd Quarter
|
|
3rd Quarter
|
|
4th Quarter
|
|
Fiscal Year
|
|
(in
millions of EUR)
|
|
2009
|
|
2008
|
|
2009
|
|
2008
|
|
2009
|
|
2008
|
|
2009
|
|
2008
|
|
Change
|
|
2009
|
|
2008
|
|
Change
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unit Sales
(in units)
|
|
332,252
|
|
503,816
|
|
391,540
|
|
566,480
|
|
386,461
|
|
522,525
|
|
441,038
|
|
480,055
|
|
-8
|
%
|
1,551,291
|
|
2,072,876
|
|
-25
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue
|
|
18,679
|
|
23,998
|
|
19,612
|
|
26,005
|
|
19,310
|
|
24,470
|
|
21,323
|
|
23,996
|
|
-11
|
%
|
78,924
|
|
98,469
|
|
-20
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EBIT
|
|
(1,426
|
)
|
1,976
|
|
(1,005
|
)
|
2,053
|
|
470
|
|
648
|
|
448
|
|
(1,947
|
)
|
|
|
(1,513
|
)
|
2,730
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Profit, Group
|
|
(1,286
|
)
|
1,332
|
|
(1,062
|
)
|
1,395
|
|
56
|
|
213
|
|
(352
|
)
|
(1,526
|
)
|
+77
|
%
|
(2,644
|
)
|
1,414
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Profit, continuing operations
|
|
(1,286
|
)
|
1,335
|
|
(1,062
|
)
|
1,412
|
|
56
|
|
218
|
|
(352
|
)
|
(1,261
|
)
|
+72
|
%
|
(2,644
|
)
|
1,704
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and amortization
|
|
846
|
|
754
|
|
777
|
|
738
|
|
855
|
|
764
|
|
786
|
|
767
|
|
+2
|
%
|
3,264
|
|
3,023
|
|
+8
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(including amortization on capitalized development
costs, excluding depreciation on leased assets)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
R&D expenditure total
|
|
1,116
|
|
1,065
|
|
1,160
|
|
1,120
|
|
1,055
|
|
1,128
|
|
850
|
|
1,129
|
|
-25
|
%
|
4,181
|
|
4,442
|
|
-6
|
%
|
Expensed R&D costs
|
|
785
|
|
782
|
|
802
|
|
831
|
|
728
|
|
789
|
|
581
|
|
653
|
|
-11
|
%
|
2,896
|
|
3,055
|
|
-5
|
%
|
Capitalized development costs
|
|
331
|
|
283
|
|
358
|
|
289
|
|
327
|
|
339
|
|
269
|
|
476
|
|
-43
|
%
|
1,285
|
|
1,387
|
|
-7
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortization on capitalized
development costs
|
|
157
|
|
160
|
|
160
|
|
160
|
|
158
|
|
163
|
|
172
|
|
155
|
|
+11
|
%
|
647
|
|
638
|
|
+1
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital expenditure
|
|
688
|
|
823
|
|
554
|
|
713
|
|
624
|
|
948
|
|
557
|
|
1,075
|
|
-48
|
%
|
2,423
|
|
3,559
|
|
-32
|
%
|
(Property, plant & equipment)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4
Unit
Sales
|
|
1st Quarter
|
|
2nd Quarter
|
|
3rd Quarter
|
|
4th Quarter
|
|
Fiscal Year
|
|
(in
units)
|
|
2009
|
|
2008
|
|
2009
|
|
2008
|
|
2009
|
|
2008
|
|
2009
|
|
2008
|
|
Change
|
|
2009
|
|
2008
|
|
Change
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mercedes-Benz Cars*
|
|
231,193
|
|
318,285
|
|
287,243
|
|
353,976
|
|
271,917
|
|
315,796
|
|
303,552
|
|
284,956
|
|
+7
|
%
|
1,093,905
|
|
1,273,013
|
|
-14
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Daimler Trucks
|
|
65,405
|
|
107,728
|
|
54,134
|
|
122,809
|
|
66,071
|
|
122,678
|
|
73,718
|
|
118,859
|
|
-38
|
%
|
259,328
|
|
472,074
|
|
-45
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mercedes-Benz Vans
|
|
28,834
|
|
68,626
|
|
41,871
|
|
78,629
|
|
40,123
|
|
73,241
|
|
54,748
|
|
66,702
|
|
-18
|
%
|
165,576
|
|
287,198
|
|
-42
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Daimler Buses
|
|
6,820
|
|
9,177
|
|
8,292
|
|
11,066
|
|
8,350
|
|
10,810
|
|
9,020
|
|
9,538
|
|
-5
|
%
|
32,482
|
|
40,591
|
|
-20
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Daimler Group*
|
|
332,252
|
|
503,816
|
|
391,540
|
|
566,480
|
|
386,461
|
|
522,525
|
|
441,038
|
|
480,055
|
|
-8
|
%
|
1,551,291
|
|
2,072,876
|
|
-25
|
%
|
* Including Mitsubishi
vehicles manufactured and/or sold in South Africa.
5
Production
Volume
|
|
1st Quarter
|
|
2nd Quarter
|
|
3rd Quarter
|
|
4th Quarter
|
|
Fiscal Year
|
|
(in
units)
|
|
2009
|
|
2008
|
|
2009
|
|
2008
|
|
2009
|
|
2008
|
|
2009
|
|
2008
|
|
Change
|
|
2009
|
|
2008
|
|
Change
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mercedes-Benz Cars*
|
|
208,370
|
|
350,711
|
|
243,626
|
|
368,083
|
|
287,171
|
|
343,368
|
|
292,395
|
|
276,083
|
|
+6
|
%
|
1,031,562
|
|
1,338,245
|
|
-23
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Daimler Trucks
|
|
58,802
|
|
113,320
|
|
45,547
|
|
123,151
|
|
57,332
|
|
125,756
|
|
73,793
|
|
110,715
|
|
-33
|
%
|
235,474
|
|
472,942
|
|
-50
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mercedes-Benz Vans
|
|
30,554
|
|
76,364
|
|
34,765
|
|
85,327
|
|
39,726
|
|
79,085
|
|
51,622
|
|
55,716
|
|
-7
|
%
|
156,667
|
|
296,492
|
|
-47
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Daimler Buses
|
|
7,681
|
|
9,990
|
|
7,784
|
|
11,818
|
|
8,733
|
|
11,315
|
|
8,468
|
|
8,983
|
|
-6
|
%
|
32,666
|
|
42,106
|
|
-22
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Daimler Group*
|
|
305,407
|
|
550,385
|
|
331,722
|
|
588,379
|
|
392,962
|
|
559,524
|
|
426,278
|
|
451,497
|
|
-6
|
%
|
1,456,369
|
|
2,149,785
|
|
-32
|
%
|
* Including vehicles
manufactured for Mitsubishi Motors Corporation in South Africa.
6
Revenue
|
|
1st Quarter
|
|
2nd Quarter
|
|
3rd Quarter
|
|
4th Quarter
|
|
Fiscal Year
|
|
(in
millions of EUR)
|
|
2009
|
|
2008
|
|
2009
|
|
2008
|
|
2009
|
|
2008
|
|
2009
|
|
2008
|
|
Change
|
|
2009
|
|
2008
|
|
Change
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mercedes-Benz Cars
|
|
9,067
|
|
12,497
|
|
10,568
|
|
12,921
|
|
10,238
|
|
11,608
|
|
11,445
|
|
10,746
|
|
+7
|
%
|
41,318
|
|
47,772
|
|
-14
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Daimler Trucks
|
|
4,918
|
|
6,327
|
|
4,217
|
|
7,385
|
|
4,388
|
|
7,307
|
|
4,837
|
|
7,553
|
|
-36
|
%
|
18,360
|
|
28,572
|
|
-36
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mercedes-Benz Vans
|
|
1,291
|
|
2,335
|
|
1,481
|
|
2,557
|
|
1,601
|
|
2,388
|
|
1,842
|
|
2,199
|
|
-16
|
%
|
6,215
|
|
9,479
|
|
-34
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Daimler Buses
|
|
904
|
|
919
|
|
1,103
|
|
1,321
|
|
1,024
|
|
1,202
|
|
1,207
|
|
1,366
|
|
-12
|
%
|
4,238
|
|
4,808
|
|
-12
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Daimler Financial Services
|
|
3,150
|
|
2,814
|
|
3,108
|
|
2,877
|
|
2,864
|
|
3,030
|
|
2,874
|
|
3,243
|
|
-11
|
%
|
11,996
|
|
11,964
|
|
+0
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reconciliation
|
|
(651
|
)
|
(894
|
)
|
(865
|
)
|
(1,056
|
)
|
(805
|
)
|
(1,065
|
)
|
(882
|
)
|
(1,111
|
)
|
+21
|
%
|
(3,203
|
)
|
(4,126
|
)
|
+22
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Daimler Group
|
|
18,679
|
|
23,998
|
|
19,612
|
|
26,005
|
|
19,310
|
|
24,470
|
|
21,323
|
|
23,996
|
|
-11
|
%
|
78,924
|
|
98,469
|
|
-20
|
%
|
7
Earnings
Before Interest and Taxes (EBIT)
|
|
1st Quarter
|
|
2nd Quarter
|
|
3rd Quarter
|
|
4th Quarter
|
|
Fiscal Year
|
|
(in
millions of EUR)
|
|
2009
|
|
2008
|
|
2009
|
|
2008
|
|
2009
|
|
2008
|
|
2009
|
|
2008
|
|
Change
|
|
2009
|
|
2008
|
|
Change
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mercedes-Benz Cars
|
|
(1,123
|
)
|
1,152
|
|
(340
|
)
|
1,212
|
|
355
|
|
112
|
|
608
|
|
(359
|
)
|
|
|
(500
|
)
|
2,117
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Daimler Trucks
|
|
(142
|
)
|
403
|
|
(508
|
)
|
608
|
|
(127
|
)
|
510
|
|
(224
|
)
|
86
|
|
|
|
(1,001
|
)
|
1,607
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mercedes-Benz Vans
|
|
(91
|
)
|
186
|
|
(10
|
)
|
262
|
|
1
|
|
212
|
|
126
|
|
158
|
|
-20
|
%
|
26
|
|
818
|
|
-97
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Daimler Buses
|
|
65
|
|
75
|
|
49
|
|
170
|
|
23
|
|
92
|
|
46
|
|
69
|
|
-33
|
%
|
183
|
|
406
|
|
-55
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Daimler Financial Services
|
|
(167
|
)
|
168
|
|
79
|
|
183
|
|
101
|
|
173
|
|
(4
|
)
|
153
|
|
|
|
9
|
|
677
|
|
-99
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reconciliation
|
|
32
|
|
(8
|
)
|
(275
|
)
|
(382
|
)
|
117
|
|
(451
|
)
|
(104
|
)
|
(2,054
|
)
|
+95
|
%
|
(230
|
)
|
(2,895
|
)
|
+92
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Daimler Group
|
|
(1,426
|
)
|
1,976
|
|
(1,005
|
)
|
2,053
|
|
470
|
|
648
|
|
448
|
|
(1,947
|
)
|
|
|
(1,513
|
)
|
2,730
|
|
|
|
8
Special
Reporting Items effecting EBIT
|
|
1st
Quarter
|
|
2nd
Quarter
|
|
3rd
Quarter
|
|
4th
Quarter
|
|
Fiscal
Year
|
|
(in millions of EUR)
|
|
2009
|
|
2008
|
|
2009
|
|
2008
|
|
2009
|
|
2008
|
|
2009
|
|
2008
|
|
2009
|
|
2008
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mercedes-Benz Cars
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reassessment of residual values
|
|
|
|
|
|
|
|
|
|
|
|
(449
|
)
|
|
|
(16
|
)
|
|
|
(465
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjustment of pension benefit plans
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
84
|
|
|
|
84
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Daimler Trucks
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Realignment of Mitsubishi Fuso Truck and Bus Corporation
|
|
|
|
|
|
(204
|
)
|
|
|
(13
|
)
|
|
|
(28
|
)
|
|
|
(245
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Repositioning of Daimler Trucks North America
|
|
(45
|
)
|
|
|
(13
|
)
|
|
|
10
|
|
|
|
(47
|
)
|
(233
|
)
|
(95
|
)
|
(233
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjustments of pension benefit plans/healthcare benefit
plans
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
29
|
|
|
|
29
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DFS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sale of non-automotive assets
|
|
(28
|
)
|
|
|
6
|
|
|
|
3
|
|
|
|
(81
|
)
|
|
|
(100
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reconciliation
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sale of real estate
|
|
|
|
449
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
449
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Transfer of shares in EADS
|
|
|
|
102
|
|
|
|
35
|
|
|
|
(7
|
)
|
|
|
|
|
|
|
130
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equity-method result Chrysler
|
|
|
|
(340
|
)
|
|
|
(356
|
)
|
|
|
(351
|
)
|
|
|
(343
|
)
|
|
|
(1,390
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other gains/(expenses) related to Chrysler
|
|
40
|
|
(151
|
)
|
(387
|
)
|
(17
|
)
|
48
|
|
|
|
5
|
|
(1,670
|
)
|
(294
|
)
|
(1,838
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
New management model
|
|
|
|
(45
|
)
|
|
|
(63
|
)
|
|
|
(61
|
)
|
|
|
(78
|
)
|
|
|
(247
|
)
|
9
Mercedes-Benz Cars
Unit Sales
|
|
1st Quarter
|
|
2nd Quarter
|
|
3rd Quarter
|
|
4th Quarter
|
|
Fiscal Year
|
|
(in
units)
|
|
2009
|
|
2008
|
|
2009
|
|
2008
|
|
2009
|
|
2008
|
|
2009
|
|
2008
|
|
Change
|
|
2009
|
|
2008
|
|
Change
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mercedes-Benz Cars
|
|
231,193
|
|
318,285
|
|
287,243
|
|
353,976
|
|
271,917
|
|
315,796
|
|
303,552
|
|
284,956
|
|
+7
|
%
|
1,093,905
|
|
1,273,013
|
|
-14
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Western Europe
|
|
133,385
|
|
178,474
|
|
171,634
|
|
210,277
|
|
154,739
|
|
176,959
|
|
163,731
|
|
167,523
|
|
-2
|
%
|
623,489
|
|
733,233
|
|
-15
|
%
|
of which
Germany
|
|
59,994
|
|
73,813
|
|
87,564
|
|
94,975
|
|
73,378
|
|
84,044
|
|
76,820
|
|
79,640
|
|
-4
|
%
|
297,756
|
|
332,472
|
|
-10
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NAFTA
|
|
51,390
|
|
73,779
|
|
59,979
|
|
77,643
|
|
56,271
|
|
72,713
|
|
67,909
|
|
58,026
|
|
+17
|
%
|
235,549
|
|
282,161
|
|
-17
|
%
|
of which
USA
|
|
43,927
|
|
67,219
|
|
50,714
|
|
68,341
|
|
48,610
|
|
64,866
|
|
59,704
|
|
50,734
|
|
+18
|
%
|
202,955
|
|
251,160
|
|
-19
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Asia
|
|
25,029
|
|
35,967
|
|
31,752
|
|
34,894
|
|
35,786
|
|
38,309
|
|
46,375
|
|
34,971
|
|
+33
|
%
|
138,942
|
|
144,141
|
|
-4
|
%
|
of which
China
|
|
11,215
|
|
11,959
|
|
14,846
|
|
11,668
|
|
17,011
|
|
13,587
|
|
24,379
|
|
11,406
|
|
+114
|
%
|
67,451
|
|
48,620
|
|
+39
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rest of World
|
|
21,389
|
|
30,065
|
|
23,878
|
|
31,162
|
|
25,121
|
|
27,815
|
|
25,537
|
|
24,436
|
|
+5
|
%
|
95,925
|
|
113,478
|
|
-15
|
%
|
of which Mitsubishi vehicles manufactured and/or
sold in South Africa
|
|
1,644
|
|
3,079
|
|
1,111
|
|
2,525
|
|
1,206
|
|
1,400
|
|
1,313
|
|
1,186
|
|
+11
|
%
|
5,274
|
|
8,190
|
|
-36
|
%
|
10
Mercedes-Benz Cars
Retail Sales*
|
|
1st Quarter
|
|
2nd Quarter
|
|
3rd Quarter
|
|
4th Quarter
|
|
Fiscal Year
|
|
(in
units)
|
|
2009
|
|
2008
|
|
2009
|
|
2008
|
|
2009
|
|
2008
|
|
2009
|
|
2008
|
|
Change
|
|
2009
|
|
2008
|
|
Change
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mercedes-Benz Cars
|
|
244,845
|
|
318,691
|
|
299,533
|
|
349,406
|
|
281,207
|
|
311,730
|
|
303,759
|
|
276,568
|
|
+10
|
%
|
1,129,344
|
|
1,256,395
|
|
-10
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Western Europe
|
|
141,389
|
|
189,133
|
|
181,549
|
|
208,424
|
|
155,927
|
|
178,651
|
|
166,908
|
|
164,545
|
|
+1
|
%
|
645,773
|
|
740,753
|
|
-13
|
%
|
of which
Germany
|
|
60,770
|
|
74,068
|
|
86,883
|
|
94,666
|
|
73,708
|
|
85,252
|
|
76,613
|
|
78,909
|
|
-3
|
%
|
297,974
|
|
332,895
|
|
-10
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NAFTA
|
|
51,916
|
|
67,587
|
|
57,545
|
|
78,619
|
|
62,538
|
|
72,850
|
|
65,461
|
|
60,960
|
|
+7
|
%
|
237,460
|
|
280,016
|
|
-15
|
%
|
of which
USA
|
|
45,255
|
|
61,182
|
|
48,497
|
|
69,627
|
|
54,220
|
|
64,832
|
|
57,166
|
|
53,945
|
|
+6
|
%
|
205,138
|
|
249,586
|
|
-18
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Asia
|
|
31,090
|
|
34,541
|
|
34,945
|
|
33,848
|
|
38,832
|
|
35,181
|
|
47,247
|
|
28,486
|
|
+66
|
%
|
152,114
|
|
132,056
|
|
+15
|
%
|
of which
China
|
|
11,796
|
|
9,626
|
|
16,444
|
|
10,494
|
|
18,315
|
|
12,255
|
|
25,406
|
|
10,283
|
|
+147
|
%
|
71,961
|
|
42,658
|
|
+69
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rest of World
|
|
20,450
|
|
27,430
|
|
25,494
|
|
28,515
|
|
23,910
|
|
25,048
|
|
24,143
|
|
22,577
|
|
+7
|
%
|
93,997
|
|
103,570
|
|
-9
|
%
|
* Excluding the
Mitsubishi vehicles produced and/or sold in South Africa
11
Mercedes-Benz Cars
Market Shares*
|
|
1st Quarter
|
|
2nd Quarter
|
|
3rd Quarter
|
|
4th Quarter
|
|
Fiscal Year
|
|
(in
%)
|
|
2009
|
|
2008
|
|
2009
|
|
2008
|
|
2009
|
|
2008
|
|
2009
|
|
2008
|
|
Change
in % pts.
|
|
2009
|
|
2008
|
|
Change
in % pts.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Western Europe
|
|
3.8
|
|
4.5
|
|
4.6
|
|
4.9
|
|
4.3
|
|
5.7
|
|
4.3
|
|
5.6
|
|
-1.3
|
|
4.2
|
|
4.9
|
|
-0.7
|
|
of which
Germany
|
|
7.2
|
|
10.7
|
|
6.9
|
|
10.4
|
|
7.1
|
|
13.2
|
|
8.7
|
|
10.1
|
|
-1.4
|
|
7.5
|
|
10.6
|
|
-3.1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
USA
|
|
1.8
|
|
1.7
|
|
1.8
|
|
1.6
|
|
1.7
|
|
1.8
|
|
2.1
|
|
1.8
|
|
+0.3
|
|
1.8
|
|
1.7
|
|
+0.1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Japan
|
|
0.7
|
|
0.8
|
|
0.8
|
|
1.0
|
|
0.8
|
|
1.0
|
|
0.7
|
|
1.0
|
|
-0.3
|
|
0.7
|
|
0.9
|
|
-0.2
|
|
* Mercedes-Benz
Passenger Cars excluding smart
12
Daimler Trucks
Unit Sales
|
|
1st Quarter
|
|
2nd Quarter
|
|
3rd Quarter
|
|
4th Quarter
|
|
Fiscal Year
|
|
(in
units)
|
|
2009
|
|
2008
|
|
2009
|
|
2008
|
|
2009
|
|
2008
|
|
2009
|
|
2008
|
|
Change
|
|
2009
|
|
2008
|
|
Change
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Daimler Trucks
|
|
65,405
|
|
107,728
|
|
54,134
|
|
122,809
|
|
66,071
|
|
122,678
|
|
73,718
|
|
118,859
|
|
-38
|
%
|
259,328
|
|
472,074
|
|
-45
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Western Europe
|
|
12,216
|
|
16,740
|
|
9,262
|
|
23,601
|
|
10,031
|
|
24,130
|
|
12,777
|
|
22,271
|
|
-43
|
%
|
44,286
|
|
86,742
|
|
-49
|
%
|
of which
Germany
|
|
6,819
|
|
6,722
|
|
4,965
|
|
10,122
|
|
5,986
|
|
12,996
|
|
7,181
|
|
11,757
|
|
-39
|
%
|
24,951
|
|
41,597
|
|
-40
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NAFTA
|
|
16,568
|
|
26,241
|
|
12,945
|
|
25,579
|
|
14,771
|
|
23,464
|
|
17,416
|
|
22,029
|
|
-21
|
%
|
61,700
|
|
97,313
|
|
-37
|
%
|
of which
USA
|
|
13,748
|
|
21,204
|
|
10,812
|
|
19,975
|
|
13,075
|
|
18,836
|
|
14,726
|
|
17,963
|
|
-18
|
%
|
52,361
|
|
77,978
|
|
-33
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Latin America
(excl.
Mexico)
|
|
7,282
|
|
13,294
|
|
8,433
|
|
16,618
|
|
10,149
|
|
16,388
|
|
11,205
|
|
12,651
|
|
-11
|
%
|
37,069
|
|
58,951
|
|
-37
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Asia
|
|
22,135
|
|
35,713
|
|
16,655
|
|
37,614
|
|
24,122
|
|
38,793
|
|
23,835
|
|
43,676
|
|
-45
|
%
|
86,747
|
|
155,796
|
|
-44
|
%
|
of which
Japan
|
|
6,377
|
|
9,745
|
|
6,084
|
|
10,844
|
|
5,135
|
|
11,301
|
|
5,506
|
|
10,145
|
|
-46
|
%
|
23,102
|
|
42,035
|
|
-45
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rest of World
|
|
7,204
|
|
15,740
|
|
6,839
|
|
19,397
|
|
6,998
|
|
19,903
|
|
8,485
|
|
18,232
|
|
-53
|
%
|
29,526
|
|
73,272
|
|
-60
|
%
|
13
Daimler Trucks
Retail Sales
|
|
1st Quarter
|
|
2nd Quarter
|
|
3rd Quarter
|
|
4th Quarter
|
|
Fiscal Year
|
|
(in
units)
|
|
2009
|
|
2008
|
|
2009
|
|
2008
|
|
2009
|
|
2008
|
|
2009
|
|
2008
|
|
Change
|
|
2009
|
|
2008
|
|
Change
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Daimler Trucks
|
|
67,232
|
|
104,757
|
|
57,364
|
|
122,795
|
|
66,058
|
|
123,581
|
|
73,858
|
|
119,459
|
|
-38
|
%
|
264,512
|
|
470,592
|
|
-44
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Western Europe
|
|
13,826
|
|
16,802
|
|
10,993
|
|
21,768
|
|
11,624
|
|
23,567
|
|
12,838
|
|
23,256
|
|
-45
|
%
|
49,281
|
|
85,393
|
|
-42
|
%
|
of which
Germany
|
|
6,819
|
|
6,722
|
|
4,965
|
|
10,122
|
|
5,986
|
|
12,996
|
|
7,181
|
|
11,757
|
|
-39
|
%
|
24,951
|
|
41,597
|
|
-40
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NAFTA
|
|
16,642
|
|
23,698
|
|
14,137
|
|
28,120
|
|
12,999
|
|
24,437
|
|
17,358
|
|
21,581
|
|
-20
|
%
|
61,136
|
|
97,836
|
|
-38
|
%
|
of which
USA
|
|
14,050
|
|
19,306
|
|
11,766
|
|
21,604
|
|
11,319
|
|
19,030
|
|
14,933
|
|
17,108
|
|
-13
|
%
|
52,068
|
|
77,048
|
|
-32
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Latin America
(excl.
Mexico)
|
|
7,285
|
|
13,257
|
|
8,437
|
|
16,655
|
|
10,142
|
|
16,384
|
|
11,205
|
|
12,651
|
|
-11
|
%
|
37,069
|
|
58,947
|
|
-37
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Asia
|
|
22,249
|
|
35,706
|
|
16,918
|
|
37,680
|
|
23,713
|
|
38,988
|
|
23,819
|
|
44,034
|
|
-46
|
%
|
86,699
|
|
156,408
|
|
-45
|
%
|
of which
Japan
|
|
6,377
|
|
9,745
|
|
6,084
|
|
10,844
|
|
5,135
|
|
11,301
|
|
5,506
|
|
10,145
|
|
-46
|
%
|
23,102
|
|
42,035
|
|
-45
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rest of World
|
|
7,230
|
|
15,294
|
|
6,879
|
|
18,572
|
|
7,580
|
|
20,205
|
|
8,638
|
|
17,937
|
|
-52
|
%
|
30,327
|
|
72,008
|
|
-58
|
%
|
14
Daimler Trucks
Incoming Orders
|
|
1st Quarter
|
|
2nd Quarter
|
|
3rd Quarter
|
|
4th Quarter
|
|
Fiscal Year
|
|
(in
units)
|
|
2009
|
|
2008
|
|
2009
|
|
2008
|
|
2009
|
|
2008
|
|
2009
|
|
2008
|
|
Change
|
|
2009
|
|
2008
|
|
Change
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Daimler Trucks
|
|
39,540
|
|
122,073
|
|
55,782
|
|
111,961
|
|
74,596
|
|
101,876
|
|
76,667
|
|
72,929
|
|
+5
|
%
|
246,585
|
|
408,839
|
|
-40
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Western Europe
|
|
7,215
|
|
24,286
|
|
8,286
|
|
13,869
|
|
9,236
|
|
10,647
|
|
11,773
|
|
6,110
|
|
+93
|
%
|
36,510
|
|
54,912
|
|
-34
|
%
|
of which
Germany
|
|
4,623
|
|
11,812
|
|
4,850
|
|
5,777
|
|
5,274
|
|
5,501
|
|
6,052
|
|
4,756
|
|
+27
|
%
|
20,799
|
|
27,846
|
|
-25
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NAFTA
|
|
10,841
|
|
26,766
|
|
8,837
|
|
26,409
|
|
23,796
|
|
20,531
|
|
20,099
|
|
15,639
|
|
+29
|
%
|
63,573
|
|
89,345
|
|
-29
|
%
|
of which
USA
|
|
9,684
|
|
20,991
|
|
7,520
|
|
21,968
|
|
22,101
|
|
17,067
|
|
16,743
|
|
14,115
|
|
+19
|
%
|
56,048
|
|
74,141
|
|
-24
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Latin America
(excl.
Mexico)
|
|
6,475
|
|
11,099
|
|
8,517
|
|
14,816
|
|
10,280
|
|
14,360
|
|
10,852
|
|
8,875
|
|
+22
|
%
|
36,124
|
|
49,150
|
|
-27
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Asia
|
|
11,800
|
|
38,285
|
|
23,504
|
|
39,121
|
|
23,092
|
|
41,045
|
|
23,227
|
|
34,217
|
|
-32
|
%
|
81,623
|
|
152,668
|
|
-47
|
%
|
of which
Japan
|
|
5,503
|
|
10,845
|
|
5,131
|
|
11,858
|
|
5,027
|
|
11,324
|
|
5,207
|
|
6,985
|
|
-25
|
%
|
20,868
|
|
41,012
|
|
-49
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rest of World
|
|
3,209
|
|
21,637
|
|
6,638
|
|
17,746
|
|
8,192
|
|
15,293
|
|
10,716
|
|
8,088
|
|
+32
|
%
|
28,755
|
|
62,764
|
|
-54
|
%
|
15
Daimler Trucks
Market Shares
|
|
1st Quarter
|
|
2nd Quarter
|
|
3rd Quarter
|
|
4th Quarter
|
|
Fiscal Year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Change
|
|
|
|
|
|
Change
|
|
(in
%)
|
|
2009
|
|
2008
|
|
2009
|
|
2008
|
|
2009
|
|
2008
|
|
2009
|
|
2008
|
|
in % pts.
|
|
2009
|
|
2008
|
|
in % pts.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trucks Europe / Latin America
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Mercedes-Benz)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Western Europe
MDT/HDT
|
|
22.3
|
|
18.3
|
|
24.3
|
|
19.3
|
|
21.8
|
|
22.6
|
|
23.3
|
|
25.1
|
|
-1.8
|
|
23.0
|
|
21.7
|
|
+1.3
|
|
Germany
MDT/HDT
|
|
45.1
|
|
33.9
|
|
43.5
|
|
34.8
|
|
39.1
|
|
38.2
|
|
39.6
|
|
47.4
|
|
-7.8
|
|
41.6
|
|
39.6
|
|
+2.0
|
|
Brazil
MDT/HDT
|
|
27.1
|
|
30.6
|
|
29.2
|
|
32.3
|
|
30.1
|
|
28.5
|
|
27.5
|
|
27.7
|
|
-0.1
|
|
28.5
|
|
29.5
|
|
-1.0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trucks NAFTA
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Freightliner/Sterling/Western Star)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NAFTA
Class 8
|
|
34.0
|
|
29.7
|
|
33.2
|
|
30.4
|
|
28.5
|
|
31.9
|
|
29.9
|
|
31.1
|
|
-1.2
|
|
30.9
|
|
30.9
|
|
+0.0
|
|
NAFTA
Class 5-7
|
|
24.0
|
|
24.3
|
|
20.6
|
|
20.2
|
|
18.5
|
|
19.7
|
|
20.1
|
|
19.9
|
|
+0.2
|
|
20.4
|
|
20.7
|
|
-0.3
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trucks Asia
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Japan
Trucks Total
|
|
20.3
|
|
20.3
|
|
22.6
|
|
20.9
|
|
20.7
|
|
25.3
|
|
18.4
|
|
22.8
|
|
-4.4
|
|
20.2
|
|
22.5
|
|
-2.3
|
|
16
Mercedes-Benz Vans
Unit Sales
|
|
1st Quarter
|
|
2nd Quarter
|
|
3rd Quarter
|
|
4th Quarter
|
|
Fiscal Year
|
|
|
|
2009
|
|
2008
|
|
2009
|
|
2008
|
|
2009
|
|
2008
|
|
2009
|
|
2008
|
|
Change
|
|
2009
|
|
2008
|
|
Change
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Wholesales
(in units)
|
|
28,834
|
|
68,626
|
|
41,871
|
|
78,629
|
|
40,123
|
|
73,241
|
|
54,748
|
|
66,702
|
|
-18
|
%
|
165,576
|
|
287,198
|
|
-42
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Western Europe
|
|
21,874
|
|
47,559
|
|
32,915
|
|
56,346
|
|
30,606
|
|
51,936
|
|
42,739
|
|
51,296
|
|
-17
|
%
|
128,134
|
|
207,137
|
|
-38
|
%
|
of which
Germany
|
|
9,559
|
|
15,678
|
|
15,999
|
|
19,551
|
|
14,451
|
|
19,239
|
|
18,176
|
|
19,568
|
|
-7
|
%
|
58,185
|
|
74,036
|
|
-21
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Eastern Europe
|
|
2,159
|
|
7,080
|
|
3,186
|
|
7,381
|
|
2,638
|
|
7,953
|
|
2,997
|
|
5,515
|
|
-46
|
%
|
10,980
|
|
27,929
|
|
-61
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NAFTA
|
|
514
|
|
7,161
|
|
199
|
|
6,604
|
|
1,019
|
|
5,039
|
|
859
|
|
2,683
|
|
-68
|
%
|
2,591
|
|
21,487
|
|
-88
|
%
|
of which
USA
|
|
248
|
|
6,184
|
|
40
|
|
5,614
|
|
775
|
|
4,207
|
|
541
|
|
1,939
|
|
-72
|
%
|
1,604
|
|
17,944
|
|
-91
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Latin America
(excl.
Mexico)
|
|
1,876
|
|
2,695
|
|
2,071
|
|
3,363
|
|
2,488
|
|
3,799
|
|
3,018
|
|
3,000
|
|
+1
|
%
|
9,453
|
|
12,857
|
|
-26
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Asia
|
|
907
|
|
1,622
|
|
1,342
|
|
2,386
|
|
1,166
|
|
2,309
|
|
1,845
|
|
1,682
|
|
+10
|
%
|
5,260
|
|
7,999
|
|
-34
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rest of World
|
|
1,504
|
|
2,509
|
|
2,158
|
|
2,549
|
|
2,206
|
|
2,205
|
|
3,290
|
|
2,526
|
|
+30
|
%
|
9,158
|
|
9,789
|
|
-6
|
%
|
17
Mercedes-Benz
Vans
Retail
Sales and Market Shares
|
|
1st Quarter
|
|
2nd Quarter
|
|
3rd Quarter
|
|
4th Quarter
|
|
Fiscal Year
|
|
|
|
2009
|
|
2008
|
|
2009
|
|
2008
|
|
2009
|
|
2008
|
|
2009
|
|
2008
|
|
Change
|
|
2009
|
|
2008
|
|
Change
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Retail sales
(in units)
|
|
37,805
|
|
66,716
|
|
47,622
|
|
76,332
|
|
46,979
|
|
67,560
|
|
57,400
|
|
67,777
|
|
-15
|
%
|
189,806
|
|
278,385
|
|
-32
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Western Europe
|
|
27,791
|
|
46,575
|
|
35,941
|
|
54,402
|
|
34,340
|
|
47,262
|
|
43,018
|
|
50,483
|
|
-15
|
%
|
141,090
|
|
198,722
|
|
-29
|
%
|
of which
Germany
|
|
9,559
|
|
15,678
|
|
15,999
|
|
19,551
|
|
14,451
|
|
19,239
|
|
18,176
|
|
19,568
|
|
-7
|
%
|
58,185
|
|
74,036
|
|
-21
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Eastern Europe
|
|
2,929
|
|
7,301
|
|
4,003
|
|
7,386
|
|
3,116
|
|
7,620
|
|
3,991
|
|
5,689
|
|
-30
|
%
|
14,039
|
|
27,996
|
|
-50
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NAFTA
|
|
1,836
|
|
5,885
|
|
2,216
|
|
6,807
|
|
3,572
|
|
4,690
|
|
2,577
|
|
5,090
|
|
-49
|
%
|
10,201
|
|
22,472
|
|
-55
|
%
|
of which
USA
|
|
1,406
|
|
5,008
|
|
1,789
|
|
5,614
|
|
3,091
|
|
3,584
|
|
2,107
|
|
4,076
|
|
-48
|
%
|
8,393
|
|
18,282
|
|
-54
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Latin America
(excl.
Mexico)
|
|
2,434
|
|
2,937
|
|
2,143
|
|
3,354
|
|
2,278
|
|
3,771
|
|
2,943
|
|
2,945
|
|
-0
|
%
|
9,798
|
|
13,007
|
|
-25
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Asia
|
|
1,168
|
|
1,787
|
|
1,467
|
|
2,136
|
|
1,392
|
|
2,078
|
|
1,952
|
|
1,587
|
|
+23
|
%
|
5,979
|
|
7,588
|
|
-21
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rest of World
|
|
1,647
|
|
2,231
|
|
1,852
|
|
2,247
|
|
2,281
|
|
2,139
|
|
2,919
|
|
1,983
|
|
+47
|
%
|
8,699
|
|
8,600
|
|
+1
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Market shares
(in percent)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Western Europe
midsize/large
|
|
16.7
|
|
16.3
|
|
16.5
|
|
15.6
|
|
18.0
|
|
17.6
|
|
20.2
|
|
18.7
|
|
+1.5
|
pts.
|
18.1
|
|
17.1
|
|
+1.0
|
pts.
|
Germany
midsize/large
|
|
23.1
|
|
26.8
|
|
25.3
|
|
24.6
|
|
27.5
|
|
27.0
|
|
31.5
|
|
27.9
|
|
+3.6
|
pts.
|
27.6
|
|
26.6
|
|
+1.0
|
pts.
|
18
Daimler Buses
Unit Sales and Market Shares
|
|
1st Quarter
|
|
2nd Quarter
|
|
3rd Quarter
|
|
4th Quarter
|
|
Fiscal Year
|
|
|
|
2009
|
|
2008
|
|
2009
|
|
2008
|
|
2009
|
|
2008
|
|
2009
|
|
2008
|
|
Change
|
|
2009
|
|
2008
|
|
Change
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Wholesales*
(in units)
|
|
6,820
|
|
9,177
|
|
8,292
|
|
11,066
|
|
8,350
|
|
10,810
|
|
9,020
|
|
9,538
|
|
-5
|
%
|
32,482
|
|
40,591
|
|
-20
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Western Europe
|
|
1,119
|
|
1,043
|
|
1,669
|
|
2,033
|
|
1,713
|
|
1,675
|
|
2,718
|
|
3,015
|
|
-10
|
%
|
7,219
|
|
7,766
|
|
-7
|
%
|
of which
Germany
|
|
429
|
|
395
|
|
615
|
|
699
|
|
672
|
|
630
|
|
1,115
|
|
1,375
|
|
-19
|
%
|
2,831
|
|
3,099
|
|
-9
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Eastern Europe
|
|
520
|
|
401
|
|
296
|
|
805
|
|
280
|
|
669
|
|
195
|
|
498
|
|
-61
|
%
|
1,291
|
|
2,373
|
|
-46
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NAFTA
|
|
1,156
|
|
1,349
|
|
957
|
|
1,723
|
|
866
|
|
2,112
|
|
920
|
|
1,813
|
|
-49
|
%
|
3,899
|
|
6,997
|
|
-44
|
%
|
of which
USA
|
|
206
|
|
33
|
|
210
|
|
138
|
|
196
|
|
138
|
|
316
|
|
233
|
|
+36
|
%
|
928
|
|
542
|
|
+71
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Latin America
(excl.
Mexico)
|
|
3,366
|
|
5,654
|
|
4,159
|
|
5,641
|
|
4,554
|
|
5,300
|
|
4,207
|
|
2,872
|
|
+46
|
%
|
16,286
|
|
19,467
|
|
-16
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Asia
|
|
184
|
|
216
|
|
707
|
|
263
|
|
597
|
|
590
|
|
488
|
|
380
|
|
+28
|
%
|
1,976
|
|
1,449
|
|
+36
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rest of World
|
|
475
|
|
514
|
|
504
|
|
601
|
|
340
|
|
464
|
|
492
|
|
960
|
|
-49
|
%
|
1,811
|
|
2,539
|
|
-29
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Market shares
(in percent)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Western Europe
heavy
|
|
30.1
|
|
31.7
|
|
29.6
|
|
28.6
|
|
29.1
|
|
30.8
|
|
36.0
|
|
32.5
|
|
+3.5
|
pts.
|
29.6
|
|
30.1
|
|
-0.5
|
pts.
|
Germany
heavy
|
|
60.9
|
|
56.7
|
|
56.0
|
|
51.6
|
|
61.0
|
|
65.5
|
|
60.9
|
|
68.2
|
|
-7.3
|
pts.
|
59.6
|
|
60.1
|
|
-0.5
|
pts.
|
* Due to the sales
structure, retail sales correspond with wholesales.
19
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
|
Daimler AG
|
|
|
|
|
|
By:
|
/s/ ppa.
|
Robert Köthner
|
|
|
Name:
|
Robert
Köthner
|
|
|
Title:
|
Vice
President
|
|
|
|
Chief
Accounting Officer
|
|
|
|
|
|
|
|
|
|
By:
|
/s/
i.V.
|
Silvia
Nierbauer
|
|
|
Name:
|
Silvia
Nierbauer
|
|
|
Title:
|
Director
|
Date:
February 18, 2010
20
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