In addition, it is also Daimler’s intention to rename itself as Mercedes-Benz at the appropriate time. The transaction and the listing of Daimler Truck on the Frankfurt stock exchange is expected to be completed before year-end 2021. Daimler Truck will have a fully independent management, stand-alone corporate governance including an independent Chairman of the Supervisory Board, and is targeted to qualify for listing on Germany’s blue-chip DAX index. It is intended that a significant majority stake in Daimler Truck will be distributed to Daimler shareholders. Daimler plans to spin-off and list Daimler Truck The reporting structure and previous year’s figures have been adjusted to reflect the newly formed Group divisions. ![]() ![]() The figures are based on audited financial statements. ![]() Adjusted EBIT, reflecting the underlying business, was €8.6 billion (2019: €10.3 billion). Due to extensive cost and cash preservation measures and strong performances across all divisions, EBIT of the Daimler Group increased by 53%. Revenue was €154.3 billion, a reduction of 11%. ![]() In a challenging environment due to the COVID-19 pandemic, the Group’s total unit sales of passenger cars and commercial vehicles decreased by 15%.
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