Daimler Reports Strong Financial Results for 2010

Last year has been a very successful one for Daimler, and the industry pretty much knows it by now. The last unanswered question, how much the group earned last year, was answered today, after the German conglomerate posted its financial figures for the past year.

Daimler added the numbers and came up with an EBIT figure of EUR7.27 billion, up from the negative EUR1.51 billion reported in 2009. The great figure reported for last year, coupled with the early estimates made for 2011, point to a significantly higher EBIT figure in the current year. The net profit of the group stood at EUR4,674 million in 2010, while the earnings per share improved to EUR4.28.

Since last year Daimler chose not to pay a dividend, 2011 is the year when the shareholders will receive their money. 40 percent of the Group’s net profit attributable to the shareholders will be distributed in 2011.

“Daimler managed an excellent comeback last year,”
said Dieter Zetsche Daimler chairman of the board. “Our goal now is to maintain the level we have reached over the long term and to further improve it wherever possible. We have the right products, technologies and strategies to do so.”

Daimler predicts that in the year ahead car sales will grow by 5 to 7 percent, reaching a new volume record. The group bets heavily on the emerging markets and on China, who is hoped will maintain the strong growth trend of past years. Western Europe, the United States and Japan are also expected to play a pivotal role in the future.
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About the author: Daniel Patrascu
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Daniel loves writing (or so he claims), and he uses this skill to offer readers a "behind the scenes" look at the automotive industry. He also enjoys talking about space exploration and robots, because in his view the only way forward for humanity is away from this planet, in metal bodies.
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