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Daimler AG Annual Meeting 2018

106 views · Published 5 April 2018 · 35:58 · Indexed 23 October 2026

Channel: Motorward · 2018 · Autos & Vehicles

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 “Daimler AG mastered many challenges extremely well in financial year 2017 and achieved outstanding results. New records were set for unit sales, revenue, earnings and profitability,” stated Manfred Bischoff, Chairman of the Supervisory Board of Daimler AG, when welcoming the expected approximately 6,000 shareholders at the company’s Annual Shareholders’ Meeting held at CityCube in Berlin today. “Daimler is now more successful than ever before. In the mobility sector, which is currently being reinvented, further fundamental changes will be necessary also for Daimler in order to stay successful,” said Bischoff. He believes this includes not only technical and social developments that will significantly change the industry, but also the planning required for the Group’s organizational realignment.

“The goal is to reshape individual mobility with sustainable products and innovative services. And to get there, the key to success will be intermeshing mobility concepts with drive technologies,” continued Bischoff. “The planned organizational realignment through Project Future will make Daimler faster, more flexible and more digital, and will thus secure its future strength.”

“At Daimler, we take advantage of the opportunities that arise from change. That’s why we occupy the top spot today,” said Dieter Zetsche, Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars, at the Annual Shareholders’ Meeting. “In recent years, we have demonstrated more than once that Daimler can do more.”

Daimler AG systematically continued along its profitable growth path in 2017, and once again set records for unit sales, revenue, Group EBIT and net profit. With a workforce of over 289,300 employees, the Group sold approximately 3.3 million vehicles. Revenue amounted to €164.3 billion and EBIT amounted to €14.7 billion, which is significantly higher than in the previous year. Net profit increased to the new high of €10.9 billion (2016: €8.8 billion). Earnings per share therefore increased to €9.84 (2016: €7.97).

The Board of Management and the Supervisory Board proposed to the Annual Shareholders’ Meeting that the dividend be increased to €3.65 per share (previous year: €3.25), representing the highest dividend ever paid out in the company’s history. The total dividend distribution thus also increases to the record amount of €3.9 billion (previous year: €3.5 billion).

Changes in the Supervisory Board

In its meeting on December 7, 2017, the Supervisory Board dealt with the specific election proposals and decided to propose to the Annual Shareholders’ Meeting that Sari Baldauf and Dr. Jürgen Hambrecht be reelected and that Marie Wieck, General Manager at IBM Blockchain, be newly elected to the Supervisory Board as a member representing the shareholders. Sari Baldauf and Jürgen Hambrecht were both elected as members of the Supervisory Board for the first time at the Annual Shareholders’ Meeting in 2008. Baldauf is a member of the Nomination Committee and is to continue to be active in that role also in her coming period of office. Hambrecht is a member of the Presidential Committee and of the Mediation Committee, and is to be reelected to both of those committees.

The Annual Shareholders’ Meeting will vote on the proposed candidates for election to the Supervisory Board. When a person is elected, his or her period of office begins at the end of the Annual Shareholders’ Meeting for a period of five years.

In March and April 2018, elections were held of the members of the Supervisory Board representing the employees. On Wednesday, almost 700 voting delegates from the plants and offices of the Daimler Group elected to the Supervisory Board of Daimler AG the ten representatives of the employees (seven employees of the Group, including a representative of the management staff, and three trade-union representatives).

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