Annual Assembly: Mercedes-Benz Continues Its Profitable Transformation

STUTTGART, Germany–(BUSINESS WIRE)–At its first Annual Assembly beneath a brand new company construction as Mercedes-Benz Group AG (inventory change code: MBG), the model with the three-pointed star reasserted its declare to management within the automotive luxurious section. Along with accelerating electrification and digitalization, the corporate’s transformation continues with a relentless give attention to bettering monetary robustness.

Sturdy ends in the monetary yr 2021 and a profitable begin to 2022 affirm the corporate’s strategic path, even in a risky atmosphere. “Final yr Mercedes-Benz made good progress: We have been in a position to promote not solely extra electrical automobiles, but additionally extra high fashions: And this, regardless of the continued pandemic and the availability bottlenecks for semiconductors. Thus, now we have come a step nearer to our purpose of changing into absolutely electrical and providing essentially the most fascinating automobiles,” Bernd Pischetsrieder, Chairman of the Supervisory Board of Mercedes-Benz Group AG stated on Friday on the digital Annual Assembly.

Profitable 2021

Specializing in electrical automobiles and rising the top-end section at Mercedes-Benz has paid off. 4 figures illustrate this transformation: Group gross sales of the top-end fashions elevated by 30%, gross sales of electrical passenger automobiles elevated by 64%, gross sales of electrical Vans 118% and adjusted EBIT of the Mercedes-Benz Group grew by 123%. As well as, enterprise resilience was additional enhanced. Regardless of the continued pandemic and provide bottlenecks, the monetary yr 2021 at Mercedes-Benz Automobiles, Mercedes-Benz Vans and Mercedes-Benz Mobility was profitable.

The Chairman of the Board of Administration of Mercedes-Benz Group AG, Ola Källenius, stated: “At Mercedes-Benz, we redoubled our efforts to implement our technique and succeeded in translating this into fascinating merchandise and monetary success. I wish to prolong my gratitude to our colleagues for this achievement. Final yr was a problem, however our crew rose to the event. We developed momentum and we nonetheless have loads of potential. For Mercedes-Benz, the journey has simply begun.”

Mercedes-Benz Group

FY 2021

FY 2020

Change 21/20









EBIT adjusted1




Web revenue/loss1




Web liquidity (industrial enterprise, December, 31) 1




Free money movement (industrial enterprise) 1, 4




Free money movement (industrial enterprise) adjusted1, 5




Earnings per share (EPS) in €





1in € hundreds of thousands

2 Excluding the consequence from the deconsolidation of the Daimler business automobile enterprise, internet revenue amounted to €14,180 million.

3 Excluding the consequence from the deconsolidation of the Daimler business automobile enterprise, EPS amounted to €12.89.

4 Together with former Daimler Vehicles & Buses division.

5 Together with former Daimler Vehicles & Buses division. The free money movement of the previous Daimler Vehicles & Buses division for 2021 amounted to €726 million till the spin-off and hive down went into impact on 9 December 2021.

The Board of Administration and the Supervisory Board suggest a dividend of €5.00 for the monetary yr 2021 (2020: €1.35) per share. Round €0.70 of the dividend is attributable to Daimler Vehicles & Buses, as Daimler Truck Holding AG won’t pay a separate dividend to shareholders for 2021. A dividend of €4.30 is the longer term reference worth for the Mercedes-Benz Group. The whole payout for 2021 is due to this fact €5.35 bn. (2020: €1.4 bn.).

Trying forward for 2022

This yr the corporate expects to make additional progress towards its long-term strategic purpose of CO2 neutrality. With the EQS SUV, EQE SUV, EQT and eCitan fashions greater than 10 absolutely electrical automobiles can have been offered by the tip of 2022. Furthermore, with the Ambition2039, Mercedes-Benz Automobiles has set itself the goal of reaching an necessary milestone as early as 2030 on the street to CO2 neutrality: to halve CO2 emissions in contrast with 2020 ranges. Right here, crucial levers are electrifying the automobile fleet, charging with inexperienced energy, bettering battery know-how and by extensively utilizing recycled supplies and renewable vitality in manufacturing websites. Potential CO2 emissions are additionally evaluated as a criterion when contracts are awarded to potential suppliers.

Mercedes-Benz plans to cowl greater than 70% of its vitality necessities in manufacturing with renewable vitality sources by 2030. The corporate goals to succeed in this purpose by increasing photo voltaic and wind energy at its personal websites and via further energy buy agreements. As a part of its holistic strategy to sustainability, Mercedes-Benz can also be constructing a battery recycling plant in Kuppenheim, Germany.

“Mercedes-Benz goes absolutely electrical step-by-step, and its software program functionality is rising ever stronger. We’re increasing our luxurious enterprise and persevering with to work on our value effectivity. We’re compelled to do that, not least in view of rising uncooked materials costs. In Europe, we’d like an lively uncooked materials technique as a result of entry to uncooked supplies is essential for electrical and digital transformation, and for the competitiveness of the European financial system as a complete,” stated Ola Källenius, Chairman of the Board of Administration of Mercedes-Benz Group AG.

Elections to the Supervisory Board

Bader M. Al Saad and Dr. Clemens Börsig will depart the Supervisory Board on the finish of the Annual Assembly. Dame Polly Courtice, the previous Director of the College of Cambridge Institute for Sustainability Management and Marco Gobbetti, CEO of Salvatore Ferragamo S.p.A., have been proposed for election. Due to their expertise and views in Environmental Social and Governance (ESG) issues and within the luxurious items trade, competence in strategic core areas shall be additional broadened on the Supervisory Board. In keeping with Bernd Pischetsrieder, Chairman of the Supervisory Board: “The strategic realignment of Mercedes-Benz relies on the conviction that sustainability varieties the idea for a profitable luxurious technique. Mercedes-Benz is striving for a number one place in each areas. With their wealth of expertise and broad data, Dame Polly Courtice and Marco Gobbetti are ideally positioned to assist us on this endeavor.”

For the reason that Extraordinary Common Assembly on October 1st 2021, there was an extra change: Dr. Sabine Zimmer stepped down from the Supervisory Board because the Worker Consultant as of December 8th 2021. Her successor as Worker Consultant is Monika Tielsch, Member of the Works Council on the Mercedes-Benz Sindelfingen plant, as of December 9th 2021.

Hyperlink to the present annual report:

Ahead-looking statements:

This doc accommodates forward-looking statements that replicate our present views about future occasions. The phrases “anticipate,” “assume,” “consider,” “estimate,” “anticipate,” “intend,” “might,” ”can,” “may,” “plan,” “challenge,” “ought to” and related expressions are used to establish forward-looking statements. These statements are topic to many dangers and uncertainties, together with an hostile growth of world financial situations, particularly a decline of demand in our most necessary markets; a deterioration of our refinancing prospects on the credit score and monetary markets; occasions of pressure majeure together with pure disasters, pandemics, acts of terrorism, political unrest, armed conflicts, industrial accidents and their results on our gross sales, buying, manufacturing or monetary providers actions; adjustments in forex change charges, customs and overseas commerce provisions; a shift in shopper preferences in direction of smaller, lower-margin automobiles; a potential lack of acceptance of our services or products which limits our capability to attain costs and adequately make the most of our manufacturing capacities; worth will increase for gasoline or uncooked supplies; disruption of manufacturing on account of shortages of supplies, labour strikes or provider insolvencies; a decline in resale costs of used automobiles; the efficient implementation of cost-reduction and efficiency-optimization measures; the enterprise outlook for firms by which we maintain a big fairness curiosity; the profitable implementation of strategic cooperations and joint ventures; adjustments in legal guidelines, rules and authorities insurance policies, significantly these regarding automobile emissions, gasoline financial system and security; the decision of pending governmental investigations or of investigations requested by governments and the end result of pending or threatened future authorized proceedings; and different dangers and uncertainties, a few of that are described beneath the heading “Danger and Alternative Report” within the present Annual Report or within the present Interim Report. If any of those dangers and uncertainties materializes or if the assumptions underlying any of our forward-looking statements show to be incorrect, the precise outcomes could also be materially completely different from these we categorical or indicate by such statements. We don’t intend or assume any obligation to replace these forward-looking statements since they’re primarily based solely on the circumstances on the date of publication.

Mercedes-Benz Group at a look

Mercedes-Benz Group AG is among the world’s most profitable automotive firms. With Mercedes-Benz AG, the Group is among the main international suppliers of premium and luxurious automobiles and vans. Mercedes-Benz Mobility AG presents financing, leasing, automotive subscription and automotive rental, fleet administration, digital providers for charging and cost, insurance coverage brokerage, in addition to modern mobility providers. The corporate founders, Gottlieb Daimler and Carl Benz, made historical past by inventing the car in 1886. As a pioneer of automotive engineering, Mercedes-Benz sees shaping the way forward for mobility in a secure and sustainable means as each a motivation and obligation. The corporate’s focus due to this fact stays on modern and inexperienced applied sciences in addition to on secure and superior automobiles that each captivate and encourage. Mercedes-Benz continues to speculate systematically within the growth of environment friendly powertrains and units the course for an all-electric future: The model with the three-pointed star pursues the purpose to go all-electric, the place market situations enable. Shifting from electric-first to electric-only, the world’s pre-eminent luxurious automotive firm is accelerating towards an emissions-free and software-driven future. The corporate’s efforts are additionally targeted on the clever connectivity of its automobiles, autonomous driving and new mobility ideas as Mercedes-Benz regards it as its aspiration and obligation to dwell as much as its duty to society and the atmosphere. Mercedes-Benz sells its automobiles and providers in almost each nation of the world and has manufacturing services in Europe, North and Latin America, Asia and Africa. Along with Mercedes-Benz, the world’s most precious luxurious automotive model (supply: Interbrand research, 20 Oct. 2021), Mercedes-AMG, Mercedes-Maybach, Mercedes-EQ and Mercedes me in addition to the manufacturers of Mercedes-Benz Mobility: Mercedes-Benz Financial institution, Mercedes-Benz Monetary Companies and Athlon. The corporate is listed on the Frankfurt and Stuttgart inventory exchanges (ticker image MBG). In 2021, the Group had a workforce of round 172,000 and bought 2.3 million automobiles. Group revenues amounted to €168.0 billion and Group EBIT to €29.1 billion.