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Automotive Intelligence News

News of  February 14, 2001
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DaimlerChrysler announces key financial figures for 2000

  • Operating profit for 2000 including one-time effects down 11% to 9.8 billion euro, adjusted for one-time
  • effects down 50% to 5.2 billion euro
  • Net income up 37% to 7.9 billion euro; excluding one-time effects down 44% to 3.5 billion euro
  • Earnings per share rose by 37% to 7.87 euro, excluding one-time effects 3.45 euro after 6.21 euro in 1999
  • Board of Management proposes dividend of 2.35 euro per share

Stuttgart/Auburn Hills - Revenues of DaimlerChrysler Group for the full year of 2000 grew by 8 % to 162.4 billion euro, calculated on a comparable basis the increase was 12 %. 

Operating profit for the full year including one-time effects decreased 11% to 9.8 billion euro while net income increased significantly by 37% to 7.9 billion euro and earnings per share were up from 5.73 euro to 7.87 euro, the company announced after a Board of Management meeting, at which the financial statements for 2000 were approved.

But excluding one-time effects totalling 4.6 billion euro operating profit was significantly impacted by second half losses at Chrysler Group and declined by 50% to 5.2 billion euro. Net income was down 44% to 3.5 billion euro (1999: 6.2 billion euro) and earnings per share were lower at 3.45 euro (1999: 6.21 billion) 

The above mentioned one-time effects included in the operating profit for 2000 arose mainly from the strategic decision to concentrate on the company's core automotive business. The major items were the IT Joint venture with Deutsche Telekom and de-consolidation of debis Systemhaus, DaimlerChrysler's IT services company, as well as the foundation/IPO of EADS.
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Dividend proposal

The Board of Management has recommended to the Supervisory Board a dividend for the year 2000 of 2.35 euro per share, which is the same as was paid for 1999. German shareholders subject to German income tax will receive a full tax credit of3/7 of the dividend. The Board's proposal is subject to approval by DaimlerChrysler's Supervisory Board at its meeting on February 23, 2001.

(Feb. 7, 2001)

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