Daimler forecasts outstanding sales and profit for 2015 image

Daimler AG, the parent company of the world’s third largest premium automaker – Mercedes-Benz – believes the division’s delivery gains would yield significant gains for the group’s revenue and operating income in 2015.

The German automaker recently announced its fourth-quarter operating profit rose 10 percent and also said it would introduce a series of new cost-cutting measures. Daimler has been the fastest of the German carmakers to release fourth quarter financial figures and shows it has managed to narrow the gap in terms of global sales and profitability after lagging the competitors in recent years. “Daimler is on an upward curve. We plan to attain a level of earnings that has never been seen before at this company,“ commented Chief Executive Dieter Zetsche as he announced the company’s highest-ever dividend for 2014. Daimler proposed a dividend of 2.45 euros per share, meaning 37.6 percent of net profit, well above market analyst predictions. The company also announced plans to continuously increase the dividend ratio to about 40% of net profit in the years to follow.

Chief Financial Officer Bodo Uebber also announced during the same news conference he sees the German truck and carmaker further benefiting from around 500 million euros (373 million pounds) worth of positive currency effects this year. Additionally, Daimler Trucks Chief Executive Wolfgang Bernhard, also forecasted that earnings before interest and tax at the heavy commercial unit would soar in 2015, even as certain markets post decaying sales (such as Brazil) – offset by increased deliveries in the United States and other regions.

Via Reuters