Daimler stuck to its forecast for higher earnings in 2011

Article by Christian A., on April 12, 2011

Daimler AG is sticking to its sales target of at least 1.3 million Smart-brand vehicles and Mercedes-Benz in 2011 versus the 1.28 million deliveries recorded last year, Dieter Zetsche, the company’s chief executive office said at the Daimler Annual Shareholders Meeting in Berlin.

Despite the earthquake that devastated Japan and disrupted operations of automakers worldwide, the company is not revising its forecast of higher earnings for this year, as it sees sales potential in its revamped SLK roadster and the updated Mercedes-Benz C-Class sedan.

Zetsche informed investors that as of the moment, there are no signs that the economy worldwide will be disrupted in the long run.

He also stated that the company expects that the automotive markets worldwide will continue to expand, despite the disaster in Japan as well as the political unrest in North Africa. The company emphasized that its 2011 operating profit will greatly exceed the 7.2 billion euros ($10.4 billion) earned in 2010.

The company recorded a net income of 4.5 billion euros last year, which is its highest profit ever since 2002. Daimler shareholders will vote Wednesday on a 1.85-euros-per-share dividend for last year, wherein payout was dropped after the company had a net loss. Mercedes-Benz, which saw a sales growth of 12 percent in the first three months of 2011, has updated the best-selling C Class with cleaner engines and new interiors.

It has also revamped the hard-top SLK roadster. Mercedes-Benz is set to launch a revamped M-Class SUV this year, and a new B-Class compact -- the first of a range of four compact cars. The company is aiming to hit sales of 1.5 million Mercedes-Benz cars by 2015, a 17 percent increase from 2010. The company is building a new plant in Hungary to accommodate its line of compact vehicles.

Topics: daimler

If you liked the article, share on:

Comments

Recommended

As seasons change, temperatures rise and fall. The changes affect our preferences when it comes to driving cars. Therefore, Aston Martin introduces the new DB11 Volante or convertible, and it...
by - October 16, 2017
Aston Martin may be known for building many of the stylish Bond cars we see on the big screen but nobody really knew how it can get super aggressive when...
by - October 16, 2017
Today, manual transmissions have become rare in mainstream cars and are more commonly found in performance cars within the $20,000 to $40,000 range. However, the selection of affordable, three-pedal performance...
by - October 16, 2017
We expected to see the BMW i8 Roadster at last month’s 2017 Frankfurt Motor Show, but it never made an appearance. So the question on fans’ lips now is when...
by - October 16, 2017
Jaguar has just released the first official image of its newest offering, the new Jaguar XEL. Essentially the long-wheelbase version of the Jaguar XE compact sedan, the new Jaguar XEL...
by - October 14, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries