New business up by 12%
Contract volume rises to €88.1 billion
car2go has 780,000 customers
EBIT of €336 million (Q2 2013: €319 million)
|Amounts in millions of euros||Q2 2014||Q2 2013||% change|
* As of December 31, 2013.
Strong growth on a global scale
Daimler Financial Services concluded approximately 328,000 new leasing and financing contracts worth €11.5 billion in the second quarter of this year, increasing its new business by 12% compared with the prior-year quarter. Contract volume reached €88.1 billion at the end of June, which is 5% higher than at the end of 2013. The division’s EBIT amounted to €336 million (Q2 2013: €319 million).
Daimler Financial Services | Corporate Movie
New business in Europe up by 9%
In Europe, approximately 181,000 new leasing and financing contracts in a total volume of €5.6 billion were concluded, which is 9% more than in the second quarter of last year. Strong growth was achieved for example in Spain (+70%). In Germany, the new business of Mercedes-Benz Bank increased to €2.7 billion (+4%) and the deposit volume in the direct banking business amounted to €11.2 billion at the end of the second quarter, nearly constant compared with the end of 2013 (-1%). Contract volume in Europe reached €38.6 billion as of June 30, rising by 4% compared with December 31, 2013.
Gain of 10% in the Americas
In the Americas, Daimler Financial Services increased its new business compared with the prior-year quarter by 10% to €4.2 billion. In the United States, new business grew by 16%. Contract volume in the Americas region rose to €36.6 billion, which is 6% above the level at year-end 2013. Adjusted for exchange-rate effects, there was an increase of 4%. During the first half of 2014, customers in the United States made instalment payments in a total volume of $50 million with the aid of the innovative app myMBFS; that was 20% more than in the prior-year period.
Africa & Asia-Pacific: growth of 28%
In the Africa & Asia-Pacific region, new business increased compared with the second quarter of last year by 28% to €1.7 billion. In China, the volume of newly concluded financing and leasing contracts more than doubled compared with the prior-year quarter with an increase of 140%. Contract volume in the Africa & Asia-Pacific region amounted to €12.7 billion at the end of June, which is 10% higher than at the end of 2013. The myMBFS app, with which customers can access information about financial services from Daimler, passed the mark of 100,000 downloads in the Africa & Asia-Pacific region.
Insurance business at ongoing high level
In the insurance business, Daimler Financial Services brokered 1% more automotive-related policies than in the second quarter of last year. Worldwide, approximately 340,000 insurance contracts were concluded in the reporting period. The insurance business developed extremely well in France. From April through June, approximately 13,000 policies were brokered, 11% more than in the prior-year period.
car2go has 780,000 customers
The flexible mobility concept car2go started in Florence, Italy and South Bay, California in the second quarter. car2go was therefore present in 26 cities by the end of June. Worldwide, car2go had 780,000 customers as of June 30, 2014, over 30% more than at the end of 2013.
car2go Video Tutorial (English)
|Amounts in millions of euros||Q1-2 2014||Q1-2 2013||% change|