Οι λογιστές των αυτοκινητοβιομηχανιών ολοκλήρωσαν τις μετρήσεις σχετικά με το πως κινήθηκαν οι πωλήσεις των εταιριών τους. Ακόμη 3 εταιρίες είδανε τα ταμία τους να γεμίζουν κατά το πρώτο εξάμηνο του 2011 αφού είδανε αύξηση στις πωλήσεις τους.
Συγκεκριμένα η Daimler ανακοίνωσε ότι κατά τους πρώτους 6 μήνες του 2011 είχε καθαρά κέρδη 1.704 εκατ. ευρώ, αύξηση κατά 30% σε σχέση με την αντίστοιχη περίοδο του 2010. Οι Γερμανοί είδανε να αυξάνονται οι πωλήσεις τους και αναμένουν να αυξηθούν ακόμη περισσότερο μιας και σύντομα θα κυκλοφορήσουν τα νέα C-Class, S-Class και SLK.
Από την μεριά της η Renault είχε καθαρά κέρδη 1.253 εκατ. ευρώ, αύξηση 52% με τις πωλήσεις να αυξάνονται κατά 1.9% πουλώντας μέχρι τώρα 1.4 εκατ. αυτοκίνητα. Τα συνολικά έσοδα ανήλθαν σε 21.1 εκατ. ευρώ (+7.3%).
Τέλος η Nissan, παρότι το τσουνάμι έπληξε σημαντικά την χώρα και την εταιρία, πούλησε μέχρι στιγμής 1.056.000 αυτοκίνητα (+10.6%) με τα ακαθάριστα έσοδα της να ανέρχονται σε 1.28 δις ευρώ. Τα καθαρά κέρδη να αγγίζουν τα 720 εκατ. ευρώ.
Αναλυτικές λεπτομέρειες για την κάθε εταιρία μπορείς να βρεις στα δελτία τύπου που ακολουθούν.
[Πηγή: Daimler, Renault, Nissan | Photo Copyright: SASCHA SCHUERMANN/AFP/Getty Images]
[learn_more caption=”Δελτία Τύπου“]
Daimler’s earnings at a record level: EBIT of €2,581 million in second quarter of 2011
- Net profit of €1,704 million (Q2 2010: €1,312 million)
- Second-quarter revenue significantly higher than last year at €26.3 billion (Q2 2010: €25.1 billion)
- Mercedes-Benz Cars with strongest ever quarterly EBIT of €1,566 million (Q2 2010: €1,376 million)
- Forecast for 2011: Group EBIT from ongoing business will very significantly exceed the level of 2010
Stuttgart – Daimler AG (stock-exchange symbol DAI) achieved earnings in the second quarter of 2011 that were among the best in a quarter in the Group’s entire history: Group EBIT amounted to €2,581 million (Q2 2010: €2,104 million).
Net profit increased to €1,704 million, which was also a record level (Q2 2010: €1,312 million), and earnings per share amounted to €1.51 (Q2 2010: €1.18).
“Daimler developed very dynamically in the second quarter in terms of unit sales, revenue and earnings,” stated Dr. Dieter Zetsche, Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars. “The very good earnings trend is primarily a reflection of increased vehicle shipments by nearly all divisions. Mercedes-Benz Cars actually recorded its strongest-ever volumes and highest-ever quarterly EBIT,” Zetsche pointed out.
Daimler Trucks and Mercedes-Benz Vans were also able to significantly increase their unit sales compared with the prior-year quarter in all major regions. Daimler Financial Services profited in particular from the lower cost of risk.
Zetsche: “With our excellent first half of the year, we are fully on schedule to turn 2011 into one of the most successful years in our long corporate history. We now assume that Group EBIT will develop more positively than we previously expected and will very significantly exceed the level of 2010.”
Special items affecting earnings in the second quarter are shown in the table below.
Unit sales up by 6% in second quarter
In the second quarter of 2011, the Daimler Group sold 527,600 cars and commercial vehicles worldwide, surpassing the figure for the prior-year period by 6%.
Daimler’s revenue increased by 5% to €26.3 billion (Q2 2010: €25.1 billion); adjusted for exchange-rate effects, revenue grew by 9%.
The net liquidity of the industrial business developed very well and remained at a high level of €11.5 billion at June 30, 2011 (December 31, 2010: €11.9 billion). The positive free cash flow and the intra-Group dividend payment by the financial services business were offset by the payment of the dividend of €2.0 billion for the year 2010. Subject to the approval of the Supervisory Board, Daimler plans to contribute further cash to its German pension plan assets of up to €2 billion in the second half of 2011.
At the end of the second quarter of 2011, Daimler employed 266,114 people worldwide (June 30, 2010: 257,658). Of that total, 166,840 people were employed in Germany (June 30, 2010: 163,507).
Details of the divisions
Mercedes-Benz Cars continued its positive business development and increased its unit sales to a new record of 357,600 vehicles in the second quarter (Q2 2010: 342,500). The Mercedes-Benz brand also set a new record with sales of 327,800 units (Q2 2010: 314,400). Revenue rose by 4% to €14.6 billion.
The division achieved record EBIT of €1,566 million (Q2 2010: €1,376 million). Its return on sales was 10.7%, which was also a new record (Q2 2010: 9.8%). This positive earnings development was the result of further growth in unit sales, especially in the mid-sized segment and with SUVs. A good product mix, better pricing and lower warranty expenditures also contributed to the strong earnings. There were opposing, negative effects on earnings from increased prices of raw materials, increased use of resources in connection with the ramp-up of new vehicles and exchange-rate effects.
The division posted EBIT of €474 million (Q2 2010: €300 million) and a return on sales of 7.1% (Q2 2010: 5.1%). The rise in earnings is primarily due to a renewed significant increase in unit sales in Europe and the United States. There was an opposing, negative impact on second-quarter earnings from increased material costs and high advance expenditure for the current product offensive. Earnings at Trucks Asia were reduced by decreases in unit sales and revenue (minus 32% and minus 24% respectively), mainly caused by the natural disaster in Japan.
Unit sales by Mercedes-Benz Vans increased by 14% to 68,000 vehicles (Q2 2010: 59,400). Revenue of €2.2 billion was also significantly higher than in the prior-year quarter (Q2 2010: €2.0 billion).
The division posted EBIT of €206 million (Q2 2010: €127 million) and its return on sales improved to 9.2% from 6.4% in the prior-year quarter. The main factors behind this development were the ongoing market recovery and significant growth in unit sales, especially in Germany and the United States. The excellent market reception for the new-generation Vito and Viano models made a major contribution. Earnings were also positively affected by sustained efficiency improvements and better pricing. On the other hand, the division’s EBIT was negatively affected by higher material costs.
Daimler Buses sold 10,600 buses and bus chassis worldwide in the second quarter (Q2 2010: 10,800). Revenue of €1.17 billion was slightly lower than in the prior-year period (Q2 2010: €1.21 billion).
The division’s EBIT of €61 million did not quite match its very good prior-year earnings (Q2 2010: €79 million). Its return on sales was 5.2% (Q2 2010: 6.6%). This earnings decrease was caused by lower unit sales of complete buses in Europe, which could not be offset by the positive development of business in Latin America and Turkey. Negative exchange-rate effects were an additional factor.
Daimler Financial Services’
The division’s EBIT of €340 million was substantially higher than in the prior-year period (Q2 2010: €171 million). The improvement in earnings was mainly caused by lower risk provisions and better interest margins.
The divisions’ EBIT is reconciled to Group EBIT. This reconciliation primarily reflects the proportionate share of the results of the equity-method investment in EADS as well as other gains and losses at the corporate level.
In light of the better than anticipated performance in the first half of 2011 and the currently good market demand, the Daimler Group now targets EBIT from the ongoing business in 2011 that will be better than previously expected and will very significantly exceed the level of 2010. Developments in the first two quarters have shown that the Group continues to make good progress towards the targeted rates of return to be achieved on a sustained basis as of the year 2013. Those targeted rates of return are 10% for Mercedes-Benz Cars, 8% for Daimler Trucks, 9% for Mercedes-Benz Vans and 6% for Daimler Buses; the targeted return on equity for Daimler Financial Services is 17%.
On the basis of the divisions’ planning, Daimler expects to achieve another increase in Group revenue to significantly more than €100 billion in full-year 2011. The growth should be driven by all of the automotive divisions.
Total unit sales will also increase significantly (2010: 1.9 million vehicles). Daimler assumes that unit sales in the third and fourth quarters of this year will be higher than in the respective prior-year quarters for all divisions.
In view of the continuation of generally good market prospects combined with numerous model changes and new products, Mercedes-Benz Cars assumes that the Mercedes-Benz brand will increase its unit sales to a new record in 2011. Thanks to the up-to-date and competitive model range, the division will profit also in the year 2011 from strong demand for the numerous new models in the C-Class segment and from the continuing market success of the S-Class.
The new-generation C-Class sedan and station wagon and the new SLK roadster have been providing additional sales impetus since late March 2011. Deliveries of the C-Class coupe started in June, to be followed by the new model of the M-Class in September and the roadster version of the Mercedes-Benz SLS AMG in the fourth quarter. In November, the new B-Class will be launched – the first of four new models in the compact-car segment.
On the engines side, Daimler is introducing its particularly fuel-efficient four, six and eight-cylinder engines and the eco-start-stop technology in additional models, thus further reducing the fleet’s CO2 emissions. With the new generation of the C-Class, for example, the C 220 CDI is available with fuel consumption of just 4.4 liters per 100 kilometers and CO2 emissions of 117 grams per kilometer.
For the smart brand, the division anticipates unit sales at roughly the same level as in 2010 due to the full availability of the new generation of the smart fortwo.
Daimler Trucks will post strong growth in unit sales compared with 2010. Due to the economic upswing, the division anticipates encouraging growth rates in most of its core markets. In Western Europe, it will profit from the rapid market growth and will continue to occupy the leading position in the medium and heavy-duty segments. And it is also the market leader in Classes 6 to 8 of the dynamically expanding truck market in the NAFTA region.
The aftereffects of the earthquake are still having an impact on unit sales in Japan, although Trucks Asia otherwise has high levels of orders received. It anticipates a stabilization of this region’s market in the second half of the year. The division will further improve its position in other parts of Asia, especially China, and in other emerging markets with high growth rates.
Projections are supported by current incoming orders: In the first half of 2011, Daimler Trucks received orders for 240,200 trucks. This is the highest volume since record year 2006 and 42% more than in the prior-year period. Unit sales in the second half of 2011 are therefore expected to surpass the unit sales posted in the first half of the year.
Due to the ongoing market recovery, Mercedes-Benz Vans also expects to achieve growth in unit sales in its key markets in full-year 2011. In Western Europe, the division will defend its leading market position for medium-sized and large vans and will participate in the market’s growth. Significant increases in unit sales are expected particularly in the United States and China – also due to the launch of the new Sprinter. Increased production capacities in Argentina will also boost growth.
Daimler Buses assumes it will sell more than 40,000 complete buses and bus chassis in the year 2011, although this high volume will be due solely to the positive development of chassis sales in Latin America. The development of business with complete buses in Western Europe and North America is expected to remain weak.
Daimler Financial Services anticipates growth in its worldwide contract volume and new business in the second half of the year. The division also assumes that credit-risk costs will remain lower than in the prior year. However, interest rates are expected to rise as the year progresses.
Due to the strong demand for its products, the Daimler Group assumes that its worldwide workforce will expand compared with the end of 2010.
The special items shown in the following table affected EBIT in the second quarters of the years 2011 and 2010:
|Special factors affecting EBITAmounts in millions of €||Q2 2011||Q2 2010|
Natural disaster in Japan (primarily insurance compensation)Repositioning of Daimler Trucks North AmericaRepositioning of Mitsubishi Fuso Truck and Bus Corporation
|Daimler Financial Services
Repositioning of business activities in GermanySale of non-automotive assets
Renault First-half 2011 financial results
Renault reports net income of €1,253 million, up 52% and positive Automotive operational free cash flow of €121 million.
- Record first half-year sales, with 1.4 million units sold, up 1.9%.
- Group revenues of €21,101 million, up 7.3% year on year.
- Group operating margin of €630 million, or 3.0% of revenues (€780 million or 4.0% in first-half 2010). The negative impact of the tsunami in Japan on Group operating margin in first-half 2011 is estimated at €150 million.
- Group operating income up €54 million to €772 million in first-half 2011.
- Net income of €1,253 million, compared to €823 million in first-half 2010.
- Positive Automotive operational free cash flow of €121 million.
- Automotive net financial debt of €1,221 million at end-June, down €214 million in the first half.
Commenting on the results, Carlos Ghosn, Chairman and CEO of Renault, said: “The sales record in the first half confirms the Group’s strong potential for international growth. The financial results were impacted by external events, including supply constraints, which will subside in the second half, and a considerable increase in the cost of raw materials. In this context, the Group confirms its objective of operational free cash flow above €500 million for 2011.”https://www.autoblog.gr/wp-admin/post-new.php
The Group reported revenues of €21,101 million in the first half of 2011, up 7.3%. Driven by continued international growth, Automotive contributed €20,143 million to revenues. This 7.3% year-on-year increase resulted mainly from an improvement in the sales mix and an increase in volumes.
The Group’s market sharehttps://www.autoblog.gr/wp-admin/post-new.php in France was negatively impacted in the first quarter of 2011 by a shortage of vehicles. This effect was worsened, in the second quarter, by supply issues following the tsunami in Japan.
Group operating margin in the first half came to €630 million, or 3.0% of revenues, compared to €780 million or 4.0% in the first half of 2010.
The operating margin of Automotive totaled €221 million, or 1.1% of revenues, down €189 million compared to the first-half of 2010. This difference was mainly a result of:
- the higher cost of raw materials, for -€313 million, partially offset by the effect of the cost reduction plan (Monozukuri) for a positive €279 million,
- a negative currency effect of €102 million,
- growth in sales volumes totalling €59 million,
- a mix/price distortion of -€91 million in a competitive European market that was disrupted by supply constraints.
In all, the supply constraints stemming from the Japanese tsunami had an unfavorable impact on the operating margin of Automotive of an estimated €150 million in the first half. The impacts were mainly felt in production, commercial offers and logistics.
The contribution of Sales Financing to the Group operating margin came to €409 million compared to €370 million euros in the first half of 2010. This €39 million increase resulted from higher outstandings and a strong decrease in the cost of risk, which reached an historical low.
In the first half of 2011 Renault reported a net gain of €557 million from the contribution of associated companies, notably Nissan, AB Volvo and AvtoVAZ.
Net income came to €1,253 million, and net income Group share totaled €1,220 million (€4.48 per share compared with €2.95 per share in the first-half of 2010).
Automotive operational free cash flow was positive at €121 million, despite an unfavorable change in the working capital requirement of €437 million compared with December 31, 2010 (due in part to an unusual seasonality in stocks linked to supply constraints).
As a result, the Automotive net financial debt fell €214 million on December 31, 2010, totaling €1,221 million at June 30, 2011. The ratio of net debt to shareholders’ equity was 5.3% at end-June 2011 (compared to 6.3% at end-December 2010).
The global automotive market (PC + LCV) is expected to continue to grow, ending the year up 3% to 4% versus 2010. Emerging markets will remain the main growth drivers, while Europe should remain stable or even contract slightly (-2%) for the year as a whole, with a 4% to 6% decrease in the French market. In this context, Renault expects to post higher sales volumes and revenues than in 2010.
Supply constraints are expected to subside gradually in the second half, enabling a strong recovery in production from September. The impact of the Japanese tsunami on operating margin in the second half is estimated to be an additional €50 million.
In this context, the Group confirms its objective of an Automotive operational free cash flow above €500 million for 2011, with a ratio of capital expenditures and R&D below 9% of revenues.
Consolidated Group first-half results
|€ million||H1 2011||H1 2010|
|% of revenues||+ 3.0 %||+ 4.0%|
|Other operating income and expenses||142||-62|
|Net financial income and expenses||-81||-246|
|Contribution from associated companies, o/w:||557||531|
|Current and deferred taxes||5||-180|
|Net income Group share||1,22||780|
The Group’s consolidated financial statements were approved by the Board of Directors on July 27, 2011.
The Group’s statutory auditors have conducted a limited review of these half-year financial statements and their report will be issued shortly.
The earnings report with a complete analysis of the financial results for first-half 2011 is available for download in the Finance section of www.renault.com.
NISSAN OPERATING PROFIT AT 150.4 BILLION YEN IN FY11 FIRST QUARTER – Global vehicle sales up 10.6% –
YOKOHAMA (July 27, 2011) – Nissan Motor Co., Ltd., today announced an operating profit of 150.4 billion yen (US $1.84 billion, euro 1.28 billion) for the first quarter of fiscal year 2011, ending March 31, 2012.
“Our rapid recovery from the natural disasters in March once again shows the power of Nissan in responding effectively and decisively to crisis,” said Nissan President and CEO, Carlos Ghosn. “Nissan’s performance in the first quarter, despite strong headwinds such as foreign exchange and rising raw material costs, demonstrates our potential to deliver the goals of our recently announced Nissan Power 88 mid-term plan.”
Globally, Nissan sold a total of 1,056,000 vehicles in the first quarter of fiscal year 2011, up 10.6% compared to the same period in fiscal 2010.
Net revenue increased 1.6% to 2.082 trillion yen (US $25.48 billion, euro 17.73 billion), while the ordinary profit amounted to 147.7 billion yen (US $1.81 billion, euro 1.26 billion) and net income totaled 85 billion yen (US $1.04 billion, euro 720 million).
In fiscal year 2011, Nissan will deliver five all-new models globally. In the first quarter, the Tiida hatchback made its debut in China and the Lafesta Highway STAR minivan was launched in Japan. Three more all-new models will be introduced, the NV400 front- and rear-wheel-drive commercial vehicles for Europe and the Infiniti JX in North America.
# # # #
Note1: Amounts in dollars and euros are translated for the convenience of the reader at the foreign-exchange rates of 81.7 yen/dollar and 117.4 yen/euro, the average rates for the fiscal year to date.
Note2: Nissan announced its financial forecasts for fiscal year 2011 (April 1, 2011 through March 31, 2012) on June 23, based on foreign exchange rate assumptions of 80.0 yen/dollar and 115.0 yen/euro, and filed the following forecasts with the Tokyo Stock Exchange:
- Net revenues of 9.4 trillion yen (US $117.5 billion, euro 81.74 billion);
- Operating profit of 460 billion yen (US $5.75 billion, euro 4 billion);
- Ordinary profit of 441 billion yen (US $5.51 billion, euro 3.83 billion);
- Net income of 270 billion yen (US $3.38 billion, euro 2.35 billion);
- Capital expenditures of 410 billion yen (US $5.13 billion, euro 3.57 billion); and
- R&D expenses of 460 billion yen (US $5.75 billion, euro 4 billion).