2020 Mercedes Daimler Truck & Bus Lineup
22Daimler Trucks showed a decrease in unit sales of 6% to 488,500 vehicles in the fiscal year (2018: 517,300). Revenue increased by 5% to €40.2 billion (2018: €38.3 billion). EBIT fell by 11% to €2,463 million (2018: €2,753 million) and return on sales was 6.1% (2018: 7.2%). With continued strong business in NAFTA region, declines in volume, particularly in Europe and Asia, had a negative impact on earnings. Negative effects were also due to higher upfront expenditures for new technologies and costs related to capacity adjustments.
Mercedes-Benz Vans’ unit sales increased in the fiscal year 2019 by 4% to 438,400 (2018: 421,400) vehicles. Revenue was 9% higher at €14.8 billion (2018: €13.6 billion). EBIT decreased to minus €3,085 million (2018: plus €312 million) while return on sales fell to minus 20.8% (2018: plus 2.3%). While the higher unit sales and a more favorable model mix had a positive impact on earnings, the division’s EBIT was crucially affected by a reassessment of expenses for ongoing governmental and legal proceedings and measures relating to Mercedes-Benz diesel vehicles as well as expenses for a recall of Takata airbags. Furthermore, expenses for the review and prioritization of the product portfolio reduced EBIT. In 2019, measures were initiated to significantly improve the situation. Adjusted EBIT was €284 million and adjusted return on sales was 1.9%.
Daimler Buses’ sales grew by 6% to 32,600 units in the fiscal year 2019 (2018: 30,900). Revenue increased by 5% to €4.7 billion (2018: €4.5 billion). EBIT amounted to €283 million (2018: €265 million), an increase of 7%. Return on sales was 6.0% (2018: 5.9%). The positive development was driven by the increase in unit sales in Brazil, among other things, as well as favorable exchange rate effects. In Europe, the battery-electric Mercedes-Benz eCitaro city bus is in series production at the plant in Mannheim and is being delivered to customers.
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