Titanium media APP February 24 news, today, Mercedes-Benz Group AG announced the 2021 fiscal year results.
According to the financial report, in 2021, Mercedes-Benz high-end car sales increased by 30%, passenger cars and light commercial vehicles deliveries of electric models increased by 64%, and adjusted EBITDA increased by 105%. This also became the data highlighted by Ola K llenius, chairman of the board of directors of Mercedes-Benz Group AG, at the earnings briefing.
In the past 2021, mercedes-Benz has still performed well in the passenger car and light commercial vehicle business segments, despite the impact of covid-19 and frequent problems in the semiconductor supply chain, with a full-year adjusted sales margin of 12.7%. Since 2019, the Mercedes-Benz passenger car segment has reduced fixed costs by 16 percent, while bicycle turnover has increased by 26 percent, averaging €49,800 per vehicle.
In recent times, Daimler's Trucks & Buses segment went public on the Frankfurt Stock Exchange on December 10, 2021 after becoming independent. On February 1, 2022, the previous Daimler AG was officially renamed Mercedes-Benz Group AG, and Daimler Mobility AG was officially renamed Mercedes-Benz Mobility AG. Based on the above adjustments, the data in the financial statements of the Mercedes-Benz Group differ from previous years and are split into two parts: the business of continuing operations and the discontinuation of operations. With the adjustment of the business, after the new group's business segment division changes, the financial report structure and the data of the previous year have also been adjusted accordingly, and the data are the preliminary accounting results that have yet to be audited.
The Mercedes-Benz Group generated a turnover of €168 billion, up significantly from €154.3 billion in 2020. Continuous operations accounted for €133.9 billion, compared to €121.8 billion in 2020. The Group's EBIT was EUR 29.1 billion, representing a significant increase from the 2020 figure of EUR 6.6 billion, of which continuing operations accounted for EUR 16 billion. Adjusted EBITda, which reflects the underlying business, was EUR 19.2 billion, compared to EUR 8.6 billion in 2020. The Group's net profit was €23.4 billion, more exciting than the €4 billion in 2020, the hardest hit by the pandemic, with 11.1 billion euros of continuing operations.
In 2021, total Mercedes-Benz passenger and light commercial vehicle sales were 2,330,169 units, down 5% year-on-year. Mercedes-Benz passenger car sales fell to 2,054,962 units, mainly due to the global semiconductor supply shortage, however, high-end car series including Mercedes-Maybach, Mercedes-AMG, G-Class, S-Class sedan, GLS SUVs and EQS set new sales records in 2021. Since June last year, in addition to the supply shortage in October, Mercedes-Maybach's monthly sales in China have increased to more than 1,000 units. At the same time, Mercedes-Benz light commercial vehicles also continued to promote the electrification strategy, and the sales of pure electric models increased by more than doubled year-on-year. Mercedes-Benz's adjusted sales margin for passenger cars and light commercial vehicles rose to 12.7 percent from 6.9 percent in the year-ago quarter.
In 2021, Mercedes-Benz performed well in the field of new energy, with a total of 4 pure electric models on the market and obtaining the world's first conditional autonomous driving (L3) system certification. Among them, the flagship luxury pure electric model EQS has received orders for about 20,000 units so far. Mercedes-Benz plans to launch a new range of all-electric models in 2022, including the all-new EQE and the all-new EQS electric SUV.
Mercedes-Benz expects semiconductor-related supply shortages to continue to impact market developments in 2022. On optimistic terms, the underlying supply situation will stabilize in 2022. Mercedes-Benz passenger car sales in 2022 are expected to be slightly higher than in 2021, with high-end car sales expected to grow by more than 10%.