DAIMLER 2020 RESULTS
The headline number says that Daimler made € 4.0 billion in 2020
And some contributors to that were :
- reduction in Selling expenses of -€1.7 billion
- reduction in G&A expenses of -€0.5 billion
- reduction in R&D expenses of -€0.5 billion
1/5
The headline number says that Daimler made € 4.0 billion in 2020
And some contributors to that were :
- reduction in Selling expenses of -€1.7 billion
- reduction in G&A expenses of -€0.5 billion
- reduction in R&D expenses of -€0.5 billion
1/5
But that was not the true profit
Numerous other adjustments wiped -€3.3 billion from that number, leaving Daimler shareholders with only €0.3 billion for the year
2/5
Numerous other adjustments wiped -€3.3 billion from that number, leaving Daimler shareholders with only €0.3 billion for the year
2/5
And Daimler Shareholders Equity was further reduced by another -€0.7 billion
- including payment of a $1.0 billion Dividend
3/5
- including payment of a $1.0 billion Dividend
3/5
Cash Flow From Operations was remarkably strong, largely due to a shrinkage of the business
4/5
4/5
This helped with a reduction of overall Debts and Liabilities and shrinkage of the Balance Sheet
- but not in a reduction of Unfunded Pension Liabilities, which actually increased by +€2.4 billion to €12.1 billion from €9.7 billion
We expect more changes at Daimler
5/5
- but not in a reduction of Unfunded Pension Liabilities, which actually increased by +€2.4 billion to €12.1 billion from €9.7 billion
We expect more changes at Daimler
5/5
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