Daimler's revenue and market capitalization

  •   DEHOUI Lionel

Founded in 1998 and headquartered in Stuttgart, Germany, Daimler is a German company specialising in automobile manufacturing. It is one of the leaders in this sector in Europe and worldwide. In 2020, the group's business was not spared from the health crisis that affected the entire automotive sector. This had an impact on the results recorded for that year.

Trade the Daimler share!
78% of retail CFD accounts lose money. You should consider whether you can afford to take the high risk of losing your money. This is an advert for trading CFDs on eToro
Daimler's revenue and market capitalization
Copyright: Michael Andersen

Annual performance of financial indicators in 2020

In 2020, the Daimler Group's business was conducted in an uncertain environment marked by the Covid-19 pandemic. In this difficult environment, total sales of passenger cars and commercial vehicles amounted to 2.84 million units. This was 15% lower than in 2019 (3.34 million units sold).

Over the twelve months of the 2020 financial year, the company's turnover reached 154.3 billion euros, compared with 172.7 billion euros in 2019. It therefore fell by 10.6% over the one-year period. On the other hand, the German carmaker saw its Ebit rise by 53% over the year to €6.6 billion, compared to €4.3 billion a year earlier.

The increase in Ebit was driven by the group's significant cost and cash saving measures. It was also helped by the strong momentum in all divisions of the company. Adjusted Ebit (reflecting the underlying business) was €8.6 billion in 2020, compared to €10.3 billion in the previous year.

For the 2020 financial year, the German group generated a net profit of €4.0 billion, compared with €2.7 billion in 2019. It is up 48% year-on-year. As for earnings per share, they stood at 3.39 euros, compared to 2.22 euros the year before.

 

Group activity by division

The Daimler Group's business is conducted through its various divisions. Here are the performances achieved by each of them over the whole year

 

Mercedes-Benz Cars & Vans

Vehicle sales in the Mercedes-Benz Cars & Vans division came to 2,461,800 units, compared with 2,823,800 units in 2019. They therefore fell by 13% year-on-year. In detail, sales of Mercedes-Benz Cars fell by 13% to 2,087,200 cars. Sales of Mercedes-Benz vans fell by 15% to 374,600 vehicles.

Sales amounted to 98.6 billion euros, compared to 106.9 billion euros in the previous year. The division recorded an Ebit of 5,172 million euros, compared to 109 million euros a year earlier. Return on sales was 5.2%, compared to minus 0.1% the previous year.

Adjusted Ebit was €6,802 million, compared to €6,151 million in 2019. Cash flow before interest and taxes (CFBIT) is estimated at €7,048 million, compared to €598 million a year earlier. Adjusted CFBIT was €7,917 million, compared to €1,939 million a year earlier.

1,939 million in the previous year. The adjusted currency conversion rate (CCR) was 1.2 compared to 0.3 in the previous year.

 

Trucks & Buses

The Trucks & Buses division sold a total of 378,500 vehicles in 2020, compared with 521,100 in 2019. Sales were therefore down by 27% year-on-year. In detail, Daimler Trucks' sales reached 358,300 units, down 27%. Daimler Buses delivered 20,100 cars, a decrease of 38%.

This division posted a turnover of 34.7 billion euros, compared to 44.4 billion euros a year earlier. Ebit was €525 million, compared to €2,672 million in 2019. Return on sales was 1.5%, down from 6.0% the previous year.

Adjusted Ebit was €678 million, compared to €2,672 million in the previous year. CFBIT, for its part, amounted to 2,513 million euros, compared to 2,654 million euros in 2019. The same values are noted for the adjusted CFBIT of this division. For its part, the adjusted currency conversion rate (CCR) stood at 3.7 compared to 1.0 a year earlier.

 

Daimler Mobility

New business in the Daimler Mobility division was valued at €67.8 billion, compared with €74.4 billion in 2019. This means that it was down by 9 per cent year-on-year. At the end of December 2020, the contract volume reached €150.6 billion, compared to €162.8 billion a year earlier.

The turnover of this branch amounted to 27.7 billion euros, compared to 28.6 billion euros the previous year. The division's Ebit amounted to €1,436 million, compared to €2,140 million in 2019. Return on equity was 9.8% compared to 15.3% a year earlier.

Adjusted Ebit is estimated at EUR 1 595 million. 1,827 million a year earlier. Adjusted return on equity was 10.9%, compared to 13.1% the previous year.

 

Cash flow, investments and liquidity at the end of 2020

In 2020, capital expenditure on property, plant and equipment is estimated at €5.7 billion, compared to €7.2 billion in 2019, a decrease of 20%. Research and development expenditure decreased by 11% to €8.6 billion, compared to €9.7 billion a year earlier.

At the end of December 2020, free cash flow from industrial activities amounted to €8.3 billion, compared to €1.4 billion the previous year. Adjusted free cash flow from industrial activities amounted to €9.2 billion, compared to €2.7 billion a year earlier.

For the year 2020 as a whole, the Daimler Group saw an improvement in the net liquidity of the industrial business. It amounted to €17.9 billion, compared to €11.0 billion at the end of December 2019.

 

About Daimler's dividend and market capitalisation

The General Meeting of Shareholders of the Daimler Group took place on 31 March 2021. At this meeting, the company's Management Board and Supervisory Board proposed a dividend of €1.35 per share for the 2020 financial year, amounting to a total of €1.4 billion.

In addition, the Daimler Group is active in the equity markets. The company is listed on the DAX 30 stock index. As of November 2021, its market capitalisation is estimated at more than 90 billion euros.

Trade the Daimler share!

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of retail CFD accounts lose money. You should consider whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.

Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.