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© 1998
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DaimlerChrysler, Stuttgart, Germany
2006: DaimlerChrysler recorded an operating profit of $7,281 million in 2006, compared with $6,843 million in 2005. Net income increased by $0.5 billion to $4.3 billion (2005: $3.8 billion). Based on the reported net income, earnings per share amounted to $4.17 compared with $3.70 in 2005. DaimlerChrysler sold a total of 4.7 million vehicles in 2006 (2005: 4.8 million), while the Group’s total revenues increased by 1 percent to $200.1 billion. Adjusted for exchange-rate effects and changes in the consolidated Group, the increase in revenues amounted to 2 percent. As of December 31, 2006, DaimlerChrysler employed a workforce of 360,385 people worldwide (2005: 382,724). Of this total, 166,617 were employed in Germany (2005: 182,060) and 94,792 in the United States (2005: 97,480). 2005: In the past financial year, the DaimlerChrysler Group posted an operating profit of €5.2 billion, compared with €5.8 billion in 2004. Excluding charges relating to the realignment of the smart business model (€1.1 billion), there was an increase in the Group’s operating profit. The Group thus fulfilled its earnings forecast for the full year.
The DaimlerChrysler Group recorded net income of €2.8 billion in 2005, compared with €2.5 billion in the prior year. Based on the reported net income, earnings per share amounted to €2.80, compared with €2.43 in 2004. All values, including the 2004 figures, are converted from euro figures with the exchange rate of 1 € = US-$ 1.1842 (based on the noon buying rate on December 30, 2005).
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With an operating profit of €3.1 billion, Mercedes Car Group improved on its strong result of the prior year (€3.0 billion), despite high expenditures for its second model offensive. The Chrysler Group incurred an operating loss of €506 million (2002: operating profit of €0.6 billion) in 2003. The result included restructuring expenditures of €469 million (2002: €0.7 billion). The Chrysler Group thus nearly attained its goal of breaking even with its ongoing business. The main reasons for the lower profitability from its ongoing business were the lower unit sales and significantly higher customer incentives due to the difficult market in the United States. Commercial Vehicles achieved an operating profit of €855 million in 2003 (2002: operating loss of €0.3 billion including special expenditures of €0.5 billion). This strong improvement, despite the fact that markets remained challenging, was primarily due to the consistent realization of efficiency-boosting programs at all of the division’s business units. The Services division once again improved its operating profit from its ongoing business, helped by higher interest-rate margins and favorable refinancing conditions. However, charges of €241 million resulted from the delayed introduction of the electronic toll system for trucks on German highways (Toll Collect). Operating profit amounted to €1.2 billion (2002: €3.1 billion). The operating profit of the prior year included a gain of €2.5 billion from the sale of the 49.9% share in T-Systems ITS and other special expenses totaling €0.4 billion. In 2003, the Other Activities segment’s contribution to earnings increased to €1.3 billion (2002: €0.9 billion). This figure included income of €1.0 billion from the sale of the MTU Aero Engines business unit at the end of 2003. The operating profit of the prior year included a gain of €0.2 billion from the sale of our 40% interest in Conti Temic microelectronic. Due to the difficult situation in North America and rising expenditures for credit risks and residual-value risks in the financial services business, the contribution to earnings from Mitsubishi Motors Corporation (MMC) was negative, whereas EADS and MTU Aero Engines once again achieved positive contributions to the Group’s operating profit. Net income amounted to €0.4 billion (2002: €4.7 billion). The primary causes for the decrease were the lower operating profit and the impairment charge of €2.0 billion related to our holding in EADS, which was recognized at the end of the third quarter 2003 according to the requirements of US GAAP and the US Securities and Exchange Commission (SEC). The sale of MTU Aero Engines resulted in a gain, which increased net income by €0.9 billion in 2003. Earnings for the prior year included positive special effects totaling €1.4 billion, due to various special expenses and income, particularly from the sale of the Group’s 49.9% share in T-Systems ITS. Earnings per share amounted to €0.44 (2002: €4.68). Source: Annual Report 2003
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