Daimler Sales Increased By 36% To 736,400 Vehicles In Q2 2021

Daimler Shows Strong Performance In Second Quarter -Brand Spur Nigeria
Daimler Shows Strong Performance In Second Quarter -Brand Spur Nigeria

Daimler AG today reported its results for the second quarter, which ended June 30, 2021.

The Group’s total unit sales increased by 36% to 736,400 passenger cars and commercial vehicles (Q2 2020: 541,800).

Revenue grew by 44% to €43.5 billion (Q2 2020: €30.2 billion). EBIT was €5,185 million (Q2 2020: minus €1,682 million). Adjusted EBIT, reflecting the underlying business, was €5,420 million (Q2 2020: minus €708 million). Net profit was €3,704 million (Q2 2020: net loss of €1,906 million).

“We achieved a strong performance across all divisions in the second quarter. At Mercedes-Benz Cars and Vans, we posted double-digit margins for the third quarter in a row and thus demonstrated the resilience of our business – despite the persistently low availability of semiconductors.

The entire industry is currently struggling with longer delivery times, which unfortunately also affect our customers. We are doing what we can to minimize the impact.

Given the high demand for our vehicles, delivery to our customers has top priority,” stated Ola Källenius, Chairman of the Board of Management of Daimler AG and Mercedes-Benz AG.

“Our transformation towards emission-free and software-driven mobility is supported by a high level of free cash flow in the industrial business. We are implementing our strategy at full speed.”