Record Results For Diamler's Anniversary Year

German auto and truck giant Daimler, which owns Mercedes-Benz, said recently that it achieved record sales and profits in 2011, its 125th anniversary year. Daimler said in a statement that it booked bottom-line net profit of €6.029 billion ($8.0 billion) in 2011, a leap of 29 per cent from the previous year.

Underlying profit, as measured by earnings before interest and tax (EBIT), jumped 20 per cent to €8.755 billion. Unit sales were up 11 per cent at 2.111 million cars and revenues grew by 9.0 per cent to €106.5 billion, the group said. “We achieved our best-ever results in 2011 for unit sales, revenue, EBIT and net profit. All of our divisions contributed to this success,” boasted chief executive Dieter Zetsche.