Daimler AG Sets Dividend at €2.20 a Share

AutoInformed.com

“We want to beat the competition – on a permanent basis,” said Chairman Dieter Zetsche.

At the Annual Shareholders’ Meeting of Daimler AG in Berlin on Wednesday, shareholders approved a dividend for the year 2012 of €2.20 per share, the same as in 2011 for a total payout of €2.35 billion. About 5,000 shareholders and  representatives or 29% of the outstanding shares were voted. The actions of the members of the Board of Management were ratified by 98.6% of the votes cast.

Daimler is pursuing the following targets of selling at least 1.6 million Mercedes-Benz passenger cars each year as of 2015 and leading the way in the premium segment also in terms of unit sales by 2020, consolidating its leading role in the truck sector by selling more than 500,000 units in 2015 and over 700,000 units in 2020, and growing also in its other divisions.

Chairman of the Board Dieter Zetsche said, “We strive to be a sustainably competitive company that not only produces the S-Class, but which is the S-Class.”In addition to the growth targets, the Group has corresponding profitability goals. In the medium term, it wants an average return on sales of 9% from its vehicle operations across all market and product cycles, with return targets for the individual divisions of 10% for Mercedes-Benz Cars, 8% for Daimler Trucks, 9% for Mercedes-Benz Vans and 6% for Daimler Buses. The target for Daimler Financial Services is a return on equity of 17%.

Reelected as members of the Supervisory Board were Ms. Sari Baldauf and Juergen Hambrecht for a further five years. Ms. Andrea Jung was also elected for the first time as a member of the Supervisory Board for five years.

The members of the Supervisory Board representing the employees were elected in March and their period of office begins with the end of the 2013 Annual Shareholders’ Meeting. The members reelected are Erich Klemm, Michael Brecht, Juergen Langer and Joerg Spies. Elke Toenjes-Werner and Wolfgang Nieke were elected for the first time as members representing the employees.

The members of the Supervisory Board representing the trade unions are Joerg Hofmann (as before) and Sabine Maassen (new member). Valter Sanches continues to be a member of the Supervisory Board of Daimler AG on the employee side as a trade union member from outside Germany.

Frank Weber was elected to the Supervisory Board for the first time and represents the senior management for the next five-year period. The newly elected members Elke Toenjes-Werner and Sabine Maassen are the first female members of the Supervisory Board representing the employees. Elections for the Supervisory Board members of the employee side are held every five years.

About Kenneth Zino

Ken Zino is an auto industry veteran with global experience in print, broadcast and electronic media. He has auto testing, marketing, public relations and communications expertise garnered while working in Asia, Europe and the U.S.
This entry was posted in financial results and tagged , , , , , . Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.