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Management Report |Profitability |53
EBIT
Daimler achieved EBIT of €2.7 billion in 2008 (2007: €8.7 billion).
The decrease in EBIT was mainly the result of expenses totaling
€3,228 million related to our investment in Chrysler and the
lower earnings achieved by Mercedes-Benz Cars. Another factor
is that prior-year EBIT included higher gains in connection
with the transfer of portions of our equity interest in EADS (2008:
€130 million; 2007: €1,573 million). Daimler Trucks did not
achieve its prior-year earnings, primarily due to the difficult eco-
nomic situation in the United States and expenses incurred for
the repositioning of its activities in the NAFTA region. However,
there was a positive development of earnings at Daimler
Financial Services and the Mercedes-Benz Vans and Daimler
Buses units.
Earnings in both years were affected by special items, as shown
in the following table.
Profitability
Amounts in millions of € % change
EBIT by segment
-55
-24
+7
.
-42
-69
4,753
2,121
630
1,956
(750)
8,710
2,117
1,607
677
(1,239)
(432)
2,730
2008 08/07
Mercedes-Benz Cars
Daimler Trucks
Daimler Financial Services
Vans, Buses, Other
Reconciliation
Daimler Group
2007
in billions of €
Development of earnings
EBIT
Net profit
10
8
6
4
2
0
20062005 2007 2008
(233)
29
-
449
130
-
(1,390)
(1,838)
(247)
Amounts in millions of €
Special items affecting EBIT
-
(82)
-
-
86
78
73
1,573
(114)
(377)
-
(256)
(465)
-
84
2007
Mercedes-Benz Cars
Reassessment of residual values
Financial support for suppliers
Adjustment of a pension benefit plan
Daimler Trucks
Repositioning of Daimler Trucks North America
Adjustments of pension benefit plans / healthcare
benefit plans
Sale of real estate in Japan
Vans, Buses, Other
Sale of real estate (2008: Potsdamer
Platz; 2007: Wohnstätten Sindelfingen)
Gains relating to the transfer
of shares in EADS
Restructuring program at EADS
At equity result of Chrysler
Impairments of loans and other assets
relating to Chrysler
Reconciliation
New management model
2008