Daimler share rises: Daimler makes significantly more profit in Corona year 2020 – dividend up | 02/18/21


Daimler is largely ticking off the corona pandemic and is setting itself significantly larger goals again.

For the current year, CEO Ola Källenius once again held out the prospect on Thursday of the returns that the shareholders of the car and truck manufacturer had been used to for years – before the high costs of entering into electromobility and, above all, the expensive diesel contaminated sites Corona drove profits into the basement.

 The  DAX group’s share is up 1.36 percent in the morning via XETRA at EUR 66.33 and is thus approaching a high since 2018. Jefferies analyst Philippe Houchois described the details of the figures as good and the outlook as strong. Since November the share had risen by around a third with the recovery of the global automobile markets, before the plans to split up into two independent companies pushed the course again and heaved it to the current level of around 65 euros.

© www.de24.news The  year 2020 was a stress test for almost every company in almost every industry,” said Källenius. But despite the pandemic, it has been proven that you can drive the transformation on your own, said Källenius. © www.de24.news The  group reduced costs and became significantly more profitable, especially in the second half of the year.

In 2020, Daimler posted a net profit of 3.6 billion euros attributable to shareholders. That was 1.2 billion euros or 50 percent more than in the previous year. Sales, on the other hand, fell by 11 percent compared to 2019 to 154.3 billion euros. With 2.84 million vehicles sold, sales were also 15 percent below the previous year’s level.

© www.de24.news The  group plans to distribute around 1.4 billion euros in dividends to shareholders. That would be 1.35 euros per share, 45 cents more than in the previous year and also more than the analysts estimate. For 2021, Källenius promised significant jumps in terms of sales and revenue as well as the operating result. “We are confident that if market conditions remain like this, we can maintain our positive momentum,” he said.

As a result, the Mercedes-Benz passenger car and vans division is expected to achieve an adjusted return on sales of 8 to 10 percent this year. © www.de24.news The  Stuttgart-based company is expecting an operating margin of 6 to 7 percent for the recently badly shaken trucks and buses. © www.de24.news The  goals essentially correspond to what Daimler – at that time still in a slightly different corporate structure – had set itself in normal times. © www.de24.news The  car division is currently 6.9 percent, the truck division only 2.0 percent.

© www.de24.news The  group only got its current structure in 2019. Now it should be changed again. In future, the entire business is to be distributed between just two independent listed companies – Mercedes-Benz for cars and vans and Daimler Truck for trucks and buses. Daimler AG will disappear in the long term. © www.de24.news The  two companies could thus concentrate better on their respective strengths and develop more potential, emphasized Källenius again on Thursday.

/ eni / men / stk


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Daimler share rises Daimler significantly profit Corona year dividend


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