Daimler Group Hits Record Earnings For Q2 2011

Emmanuel P July 28, 2011

With worldwide sales up 6% for the second quarter year on year, the Daimler Group has reported one of its best quarters in history. Group EBIT for the 2nd quarter of the current year hit €2,581 million versus 2010’s Q2 EBIT of €2,104 million. Net profit amounted to €1,704 million, which was 400 million Euros more than 2010’s Q2 income of €1,312 million. As a result, earnings per share this quarter amounted to €1.51.

These figures are the result of Mercedes-Benz’s Q2 2011 sales of 527,600 cars and commercial vehicles worldwide. A buoyant Daimler Board Chairman, Dr. Dieter Zetsche, said, “Daimler developed very dynamically in the second quarter in terms of unit sales, revenue and earnings. With our excellent first half of the year, we are fully on schedule to turn 2011 into one of the most successful years in our long corporate history. We now assume that Group EBIT will develop more positively than we previously expected and will very significantly exceed the level of 2010. The very good earnings trend is primarily a reflection of increased vehicle shipments by nearly all divisions.” He went on to state that Mercedes-Benz Cars had recorded its strongest-ever volumes and highest-ever quarterly EBIT.

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