Mercedes-Benz, positive 2021 results thanks to electric and luxury models

Mercedes Benz positive 2021 results thanks to electric and luxury models

(Finance) – Mercedes-Benz registered a revenue of 168 billion euros in 2021 (154.3 billion euros in 2020). L’EBIT of the group was € 29.1 billion (€ 6.6 billion in 2020), while Adjusted EBIT, which reflects the underlying asset, was € 19.2 billion (€ 8.6 billion in euro the year before). L’Net income of the group was 23.4 billion euros (4 billion euros a year ago). In 2021, net profit excluding the result of deconsolidation rose to € 14.2 billion. L’earning per shareexcluding the result of the deconsolidation, increased by 280% to 12.89 euros (3.39 euros in 2020).

In the fourth quarter, the company achieved a one-off earnings on EBIT group of 9.2 billion euros from deconsolidation, due to the spin-off of the Daimler commercial vehicle business. On 1 February 2022, the former Daimler AG was renamed Mercedes-Benz Group AG and Daimler Mobility AG became Mercedes-Benz Mobility AG. The former division Daimler Trucks & Buses was listed on the Frankfurt Stock Exchange on 10 December 2021.

“2021 was a year of strategic progress for Mercedes-Benz. Three numbers illustrate how this transformation is taking place: the high-end vehicle sales increased by 30%, the electric car sales increased by 64% and our Adjusted EBIT increased by 105%, “said Ola Källenius, chairman of the board of Mercedes-Benz Group.” With a clear schedule for this year, we are confident for 2022 – he added – Aside from the relentless focus on cost efficiency and supply chain management, our strategic priorities are: downsizing electric vehicles, accelerating our car software plans and growing our luxury business ” .

Mercedes-Benz anticipates that the supply constraints relating to semiconductors will continue to have an impact on the market in 2022. “Together with suppliers, Mercedes-Benz is continuously working to secure capacity and develop the technology to enable new generations of chips,” the company emphasizes. more concrete agreements on supply quantities, extended planning cycles, as well as the development of a safety stock at various points in the supply chain and multiple sources of supply “.

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