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.

“We continue to execute on our ambitions in a very encouraging market environment. Our pipeline with high-tech luxury EVs is packed. The launch of the EQS is just the start. Our systematic efforts to lower the breakeven point of the company are becoming increasingly visible”, said Ola Källenius, Chairman of the Board of Management of Daimler AG and of Mercedes-Benz AG.

The following stated figures for the first quarter 2021 are preliminary and unaudited:

Daimler Group

Mercedes-Benz Cars & Vans

Daimler Trucks & Buses

Daimler Mobility

The preliminary results include the following adjustments affecting EBIT:

Mercedes-Benz Cars & Vans

Daimler Trucks & Buses

Daimler Mobility

The full quarterly results will be published on April 23rd, 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.