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- Record number of 3.3 million financed or leased vehicles - EBIT grew by 14 percent to nearly EUR 1.1 billion through September - Revenues from mobility services will reach EUR 100 million in 2014
Daimler Financial Services is on track to set new records in 2014. The company is currently leasing or financing more passenger cars, vans, trucks, and buses than ever before - a total of 3.3 million vehicles worth EUR 95 billion. "We're experiencing one of the best years in our company's history," says Klaus Entenmann, Chairman of the Daimler Financial Services Board of Management. "We posted an EBIT of nearly EUR 1.1 billion in the first three quarters of 2014; this represents an increase of 14 percent compared to the same period of the prior year - and a new all-time record."
In the first ten months of the year, Daimler Financial Services initiated roughly 1.1 million new financing or leasing contracts worldwide (+13 percent against prior year) with a total value of EUR 38 billion. Particularly in China, more and more automobile customers are now financing or leasing their vehicles - and as a result, the number of new contracts in China has more than doubled. The number of vehicle insurance policies brokered by Daimler Financial Services around the world has also increased - by 10 percent to roughly 1.1 million.
For the coming years, Daimler Financial Services expects a positive development. "We continue to strive for profitable growth", says Entenmann. Growth will be driven by factors such as the Mercedes-Benz model offensive and the rapidly growing demand in countries such as China and India. In addition, Daimler Financial Services plans to attract larger numbers of younger customers by offering them flexible terms. The company will also step up its online activities and offer more apps.
Mobility services from a single source
Daimler Financial Services also plans to grow through its moovel GmbH mobility services subsidiary, whose revenues will reach EUR 100 million for the first time in 2014. The moovel app brings together various mobility services, ranging from carsharing and taxis to public transportation. "With moovel, we want to redefine personal mobility," says Entenmann. This past September, moovel GmbH acquired both Intelligent Apps GmbH, which offers the mytaxi app, and the Ridescout mobility platform in the U.S. The centerpiece of moovel is the car2go carsharing service, which currently has more than 900,000 customers.
The independent Great Place to Work Institute ranks Daimler Financial Services among the world's best employers. In October the institute placed Daimler's Financial Services division on its list of the 25 "World's Best Multinational Workplaces." DFS is the first German company to be placed on the list. Approximately 2,800 companies qualified for the competition. "Becoming a great place to work is a mindset", says Entenmann. "Our corporate culture is based on a clear set of core values. Every employee has both the opportunity and responsibility to make our company a great place to work. And they do. Our highly motivated employees and our strong culture are reasons why we're able to deliver outstanding service and strong results year for year."