Daimler-Benz: Growth in all important markets.STUTTGART Stuttgart, city, Germany Stuttgart (sht  t`gärt), city (1994 pop. 594,406), capital of Baden-Württemberg, SW Germany, on the Neckar River. , Germany Germany (jûr`mənē), Ger. Deutschland, officially Federal Republic of Germany, republic (2005 est. pop. 82,431,000), 137,699 sq mi (356,733 sq km). & NEW YORK--(BUSINESS WIRE)--Nov. 7, 1996 Revenue for first nine months up 11% Continued positive trend in earnings Daimler-Benz
Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. January to June 1996: DM 827 mill.). "This trend vindicates our course of focusing on high-growth, high-earnings fields of activity," commented Daimler-Benz Chairman Juergen E. Schrempp. Summing up the first nine months of 1996, the Daimler-Benz letter to shareholders published today also states that Mercedes-Benz revenues increased by eight percent to just under DM 57 billion during this period. Comparably calculated revenues of Daimler-Benz Aerospace (Dasa) increased by 18 percent to just under DM 8.3 billion. Daimler-Benz InterServices (debis) maintained its dynamic growth, with a 14 percent rise in revenues to DM 9.8 billion. Revenues also increased during this period in the businesses which report directly to Daimler-Benz AG (Rail Systems/Adtranz, Microelectronics/Temic, Diesel Engines/MTU Friedrichshafen, Recognition and Sorting Systems/Electrocom). These businesses posted total revenues of DM 5.5 billion. This positive trend in business is projected to continue in the fourth quarter of the year, so that Daimler-Benz expects full-year revenues of over DM 105 billion. It is particularly encouraging to note that the sharp increases mentioned above were achieved despite relatively modest trends in numerous product markets and regions. The Daimler-Benz group realized increased business in virtually all parts of the world. On Sept. 30, 1996, the Daimler-Benz group had 290,031 employees worldwide (comparable figure for 1995: 291,226), of whom 223,106 (Sept. 30, 1995: 226,701) worked in Germany and 66,925 (Sept. 30, 1995: 64,525) elsewhere. The positive trend in performance at Mercedes-Benz is due above all to new, successful products and significant productivity advances. Revenues increased during the period to DM 56.9 billion. An above-average increase of 11 percent to DM 22.6 billion was recorded in Germany, and strong growth also was recorded in Western Europe Western Europe The countries of western Europe, especially those that are allied with the United States and Canada in the North Atlantic Treaty Organization (established 1949 and usually known as NATO). outside Germany (+18 percent), the USA (+11 percent) and Japan (+21 percent). Car sales revenues increased by 16 percent, while sales of commercial vehicles showed a slight decline. This is attributable to the unfavorable conditions for trucks in Germany and important overseas markets and the model change in the heavy-duty segment. The company's world sales of commercial vehicles increased in unit terms, however, by five percent to 248,600 vehicles, largely spurred by van business. The Mercedes-Benz dealer network sold 491,000 cars to customers during the period under review. Consolidated unit sales unit sales Sales measured in terms of physical units rather than dollars. Unit sales data are often used by financial analysts when evaluating the health of a company. , which do not take account of reduced stocks in the dealer network, totalled 481,300 units, 13 percent more than in the first nine months of 1995. The largest increases in revenues were achieved by the Propulsion Systems Noun 1. propulsion system - a system that provides a propelling or driving force system - instrumentality that combines interrelated interacting artifacts designed to work as a coherent entity; "he bought a new stereo system"; "the system consists of a motor and a (+48 percent) and Space Systems (+51 percent) business units of Daimler-Benz Aerospace (Dasa). Aircraft sales (+5 percent) and sales of the Defense and Civil Systems business unit (+3 percent), on the other hand, increased only slightly. Orders received in the first nine months of 1996 were up 89 percent on the first nine months of 1995, at DM 13.6 billion. 269 aircraft were ordered from Airbus in the first three quarters of the year, as many as in the previous three years together. Dasa continued to move forward with its competitiveness-improvement measures, thus further reducing the dependence of its results on the value of the dollar. The dynamic expansion in business of Daimler-Benz InterServices (debis) was achieved above all by the Systemhaus (+14 percent), Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. (+12 percent) and Mobile Communication Services (+70 percent) units. The Marketing Services unit was made independent. In Rail Systems, the Daimler-Benz share in the revenues of the joint venture Adtranz was DM 1.9 billion. Orders worth DM 2.1 billion were received for the period from January to September. In October, further large orders were received from China, Singapore, Turkey and Thailand. Sales of Microelectronics microelectronics, branch of electronic technology devoted to the design and development of extremely small electronic devices that consume very little electric power. from January to September totalled DM 1.8 billion (+11 percent). Orders received fell by four percent to DM 1.7 billion, primarily due to the weakness of the semiconductor market. The Diesel Engines business unit increased its revenues by 13 percent to DM 1.1 billion. Orders received rose by 14 percent to DM 1.2 billion, above all in the high-growth segments Distributed Power Supply Systems and Commercial Ships. Recognition and Sorting Systems doubled its sales revenues to DM 700 million, chiefly due to the invoicing in·voice n. 1. A detailed list of goods shipped or services rendered, with an account of all costs; an itemized bill. 2. The goods or services itemized in an invoice. tr.v. of large orders from the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and German Post Offices. Orders received once again exceeded sales revenues. CONTACT: Daimler-Benz AG Corporate Communications/Press Roland Klein Klein , Melanie 1882-1960. Austrian-born British psychoanalyst who first introduced play therapy and was the first to use psychoanalysis to treat young children. , 0711/17-93635 fax: 0711/17-94686 Mobile tel.: 0172/566 0046 or Eckhard Zanger, 0711/17-93311 fax: 0711/17-94686 Mobile tel.: 0172/566 0044 or Daimler-Benz North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. Corp. Corporate Communications Corporate communications is the process of facilitating information and knowledge exchanges with internal and key external groups and individuals that have a direct relationship with an enterprise. Bernhard Harling, 212/909-9716 fax: 212/308-4252 Mobile tel.: 917/374-0507 |
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