Our second quarter: results & prospects.

As anyone who’s ever been on a sailboat knows: You can make headway even in headwinds. Right now, you can see this with us. All of you know the current challenges – from new test procedures to new tariffs. But we stay on course. Our numbers for the second quarter underline this:

  • In the last three months we’ve sold 833,000 cars, trucks, vans and buses – yet another slight increase compared to the strong prior-year quarter.
  • Group sales amounted to 40.8 billion euros. Adjusted for exchange rate effects that’s a two-percent increase.
  • Our EBIT was affected by various external factors and came in significantly below prior-year. Despite these factors, we were able to generate 2.6 billion euros.

You can read our quarterly numbers here in detail. What is particularly important to me: Delivering such figures — even in difficult times — is the result of the tireless work of our 300,000 colleagues. My sincere thanks go to the entire Daimler team for your strong commitment!

And I continue to count on your commitment. We also expect the third quarter to remain very challenging. But we will not just tackle our tasks from the past and the present – we will also continue to shape the future of mobility at full speed. Here are three current examples:

  • Two weeks ago we introduced the eCitaro, the first all-electric bus.
  • Immediately after the summer break we will present the first all-electric Mercedes SUV, the EQC, in Stockholm.
  • And next year, together with Bosch, we will start test operations of our first driverless shuttle service in California.

In order to advance this and other future topics in the best possible manner, we also want to reorganize our company structurally: The Supervisory Board gave its approval today for the planned new Group structure. It follows a simple logic:

  • We’ll bundle Cars & Vans in the new Mercedes-Benz AG.
  • We’ll combine trucks and buses at Daimler Truck AG.
  • And the already independent Daimler Financial Services AG will be called Daimler Mobility AG in the future.

Daimler AG, as the parent company, remains the connecting element. A separation of individual business areas is not planned – nor are job cuts. On the contrary, we want to make all units even more powerful, provide them with more entrepreneurial responsibility and thus prepare them even better for the future. The final decision on the new structure will be made by our shareholders at the Annual Meeting in May of 2019. Further details can be found here.

With all of these measures we continue to drive our transformation – technologically, culturally and structurally. And I am convinced we are optimally positioning Daimler for the future.

Additional read:

Our 5C Strategy: https://www.daimler.com/company/strategy/

Dieter Zetsche is Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars.