Daimler Financial Services achieved EBIT of
just better than breakeven in 2009 at €9 million, compared with an
EBIT of €677 in 2008, due to increased expenses related to higher
credit risk.
The captive arm of Germany’s largest carmaker
said that due to lower vehicle unit sales, new business fell by 15
percent to €25.1 billion.
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The whole Daimler Group recorded an EBIT loss
of €1.5 billion. Sales at the Daimler Trucks division collapsed to
259,300 units from 472,100 units in 2008, severely impacting on
2009 earnings.
Sales of Mercedes-Benz Vans vehicles dropped
from 278,200 to 165,600 units – but the division saw an improvement
in the last quarter, which led to full-year EBIT of €26
million.
The vehicle maker, however, expects to post
group EBIT of more than €2.3 billion this year – following the
launch of new products, an upward development in major markets, and
intensified efforts to increase efficiency.
The company expects that its financial
services unit will improve EBIT to €350 million. Similarly,
Mercedes-Benz Vans division expects an EBIT of €250 million, and
the Daimler Trucks division expects an EBIT of €200 million.
Antonio Fabrizio
