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    DAI   DE0007100000


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DGAP-Adhoc: Daimler AG: Preliminary Q1 2021 results significantly above market expectations

04/15/2021 | 04:55pm EDT
DGAP-Ad-hoc: Daimler AG / Key word(s): Preliminary Results 
Daimler AG: Preliminary Q1 2021 results significantly above market expectations 
16-Apr-2021 / 00:53 CET/CEST 
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a 
service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
Preliminary Q1 2021 results significantly above market expectations 
Stuttgart, Germany - Favourable sales momentum at Mercedes-Benz Cars driven by all major regions, especially China, 
strongly supported the product mix and pricing in the first quarter 2021. Daimler was able to benefit from this 
development thanks to convincing product substance combined with significant fixed cost reductions. 
Daimler Group EBIT, Mercedes-Benz Cars & Vans adjusted EBIT, Daimler Trucks & Buses Return on Sales (RoS) adjusted, 
Daimler Mobility adjusted EBIT and Daimler's Industrial Free Cash Flow for the first quarter of 2021 are all 
significantly above market expectations. 
In addition to the underlying operating performance effective Working Capital Management delivered better than expected 
Industrial Free Cash Flow in Q1 2021 including the net of expenses for legal proceedings, expenses for restructuring 
and income from M&A transactions. 
The following stated figures for the first quarter 2021 are preliminary and unaudited: 
- Industrial Free Cash Flow: EUR1,810 million (consensus: EUR1,102 million) 
Industrial Free Cash Flow adjusted: EUR2,832 million (consensus: EUR1,802 million) 
 - Net Industrial Liquidity: EUR20.1 billion (year-end 2020: EUR17.9 billion) 
- Daimler Group EBIT: EUR5,748 million (consensus: EUR4,964 million); 
adjusted EBIT: EUR4,970 million (consensus: EUR3,987 million) 
- Mercedes-Benz Cars & Vans EBIT: EUR4,078 million (consensus: EUR3,543 million); 
adjusted EBIT: EUR3,841 million (consensus: EUR3,055 million); 
Return on Sales (RoS) adjusted: 14.3 % (consensus: 11.7 %) 
- Daimler Trucks & Buses EBIT: EUR1,041 million (consensus: EUR1,026 million); 
adjusted EBIT: EUR518 million (consensus: EUR488 million); 
Return on Sales (RoS) adjusted: 6.0 % (consensus: 5.3 %) 
- Daimler Mobility EBIT: EUR744 million (consensus: EUR569 million); 
adjusted EBIT: EUR691 million (consensus: EUR579 million); 
Return on Equity (RoE) adjusted: 18.7 % (consensus: n.a.) 
The preliminary results include the following adjustments affecting EBIT: 
Mercedes-Benz Cars & Vans 
- Expenses of EUR75 million for legal proceedings 
- Expenses of EUR292 million for restructuring 
- Income of EUR604 million from M&A transactions (completion of cellcentric JV) 
Daimler Trucks & Buses 
- Expenses of EUR88 million for restructuring 
- Income of EUR611 million from M&A transactions (completion of cellcentric JV) 
Daimler Mobility 
- Expenses of EUR36 million for restructuring 
- Income of EUR89 million from M&A transactions 
The full quarterly results will be published on April 23^rd, 2021. 
EBIT, adjusted EBIT, Return on Sales (RoS) adjusted, Return on Equity (RoE) adjusted, Industrial Free Cash Flow and 
Industrial Free Cash Flow adjusted are defined on pp. 43 and 44 of the Daimler Annual Report 2020. 
This document contains forward-looking statements that reflect our current views about future events. The words 
"anticipate," "assume," "believe," "estimate," "expect," "intend," "may," "can," "could," "plan," "project," "should" 
and similar expressions are used to identify forward-looking statements. These statements are subject to many risks and 
uncertainties, including an adverse development of global economic conditions, in particular a decline of demand in our 
most important markets; a deterioration of our refinancing possibilities on the credit and financial markets; events of 
force majeure including natural disasters, pandemics, acts of terrorism, political unrest, armed conflicts, industrial 
accidents and their effects on our sales, purchasing, production or financial services activities; changes in currency 
exchange rates and tariff regulations; a shift in consumer preferences towards smaller, lower-margin vehicles; a 
possible lack of acceptance of our products or services which limits our ability to achieve prices and adequately 
utilize our production capacities; price increases for fuel or raw materials; disruption of production due to shortages 
of materials, labor strikes or supplier insolvencies; a decline in resale prices of used vehicles; the effective 
implementation of cost-reduction and efficiency-optimization measures; the business outlook for companies in which we 
hold a significant equity interest; the successful implementation of strategic cooperations and joint ventures; changes 
in laws, regulations and government policies, particularly those relating to vehicle emissions, fuel economy and 
safety; the resolution of pending government investigations or of investigations requested by governments and the 
conclusion of pending or threatened future legal proceedings; and other risks and uncertainties, some of which we 
describe under the heading "Risk and Opportunity Report" in the current Annual Report. If any of these risks and 
uncertainties materializes or if the assumptions underlying any of our forward-looking statements prove to be 
incorrect, the actual results may be materially different from those we express or imply by such statements. We do not 
intend or assume any obligation to update these forward-looking statements since they are based solely on the 
circumstances at the date of publication. 
Hendrik Sackmann 
Tel.: +49 (0)711 17 35014 
16-Apr-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and 
Press Releases. 
Archive at www.dgap.de 
Language:     English 
Company:      Daimler AG 
              Mercedesstrasse 120 
              70372 Stuttgart 
Phone:        +49 (0)711 17-0 
Fax:          +49 (0)711 179 40 75 
E-mail:       ir.dai@daimler.com 
Internet:     www.daimler.com 
ISIN:         DE0007100000 
WKN:          710000 
Indices:      DAX, EURO STOXX 50 
Listed:       Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, 
              Dusseldorf, Hamburg, Hanover, Munich, Tradegate Exchange 
EQS News ID:  1185471 
End of Announcement  DGAP News Service 

1185471 16-Apr-2021 CET/CEST

(END) Dow Jones Newswires

April 15, 2021 18:55 ET (22:55 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
DAIMLER AG 0.63% 74.79 Delayed Quote.28.60%
DAX -0.07% 15386.58 Delayed Quote.12.23%
DJ INDUSTRIAL -0.14% 34273.45 Delayed Quote.12.34%
EURO STOXX 50 -0.04% 4005.34 Delayed Quote.12.78%
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Sales 2021 172 B 210 B 210 B
Net income 2021 10 829 M 13 216 M 13 216 M
Net cash 2021 21 502 M 26 241 M 26 241 M
P/E ratio 2021 7,33x
Yield 2021 4,98%
Capitalization 79 510 M 96 610 M 97 036 M
EV / Sales 2021 0,34x
EV / Sales 2022 0,30x
Nbr of Employees 288 064
Free-Float 82,5%
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Mean consensus OUTPERFORM
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Average target price 91,45 €
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Spread / Lowest Target -46,2%
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Ola Källenius Chairman-Management Board
Harald Emil Wilhelm Chief Financial Officer
Bernd Pischetsrieder Chairman-Supervisory Board
Markus Schäfer Chief Operating Officer
Clemens A. H. Börsig Member-Supervisory Board
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