Mercedes 2015 Annual Report Download - page 170

Download and view the complete annual report

Please find page 170 of the 2015 Mercedes annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 287

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214
  • 215
  • 216
  • 217
  • 218
  • 219
  • 220
  • 221
  • 222
  • 223
  • 224
  • 225
  • 226
  • 227
  • 228
  • 229
  • 230
  • 231
  • 232
  • 233
  • 234
  • 235
  • 236
  • 237
  • 238
  • 239
  • 240
  • 241
  • 242
  • 243
  • 244
  • 245
  • 246
  • 247
  • 248
  • 249
  • 250
  • 251
  • 252
  • 253
  • 254
  • 255
  • 256
  • 257
  • 258
  • 259
  • 260
  • 261
  • 262
  • 263
  • 264
  • 265
  • 266
  • 267
  • 268
  • 269
  • 270
  • 271
  • 272
  • 273
  • 274
  • 275
  • 276
  • 277
  • 278
  • 279
  • 280
  • 281
  • 282
  • 283
  • 284
  • 285
  • 286
  • 287

C | THE DIVISIONS | DAIMLER FINANCIAL SERVICES 177
Nearly half of all delivered vehicles are financed
or leased by Daimler Financial Services
During the year under review, Daimler Financial Services
concluded 1.5 million new financing and leasing contracts worth
a total of €57.9 billion. The total value of all new contracts
rose by 21% compared with the prior year. As a result, the sales
and leasing activities at Daimler Financial Services supported
approximately half of all new-vehicle sales by our automotive
divisions in 2015. More than 3.7 million financed or leased
vehicles were on the books at the end of 2015; this corresponds
to an 18% increase in contract volume to €116.7 billion.
Adjusted for exchange-rate effects, the increase amounted
to 14%. EBIT rose to a new high of €1,619 million (2014:
€1,387 million).
C.09
New business in Europe increases
During the year under review, Daimler Financial Services
concluded 766,399 new financing and leasing contracts worth
€24.6 billion (+14%) in the Europe region. Particularly high
rates of growth were recorded in Spain (+43%) and Italy (+30%).
In Germany, Mercedes-Benz Bank’s new business increased
by 8% to €10.7 billion; the volume of deposits in the direct bank-
ing business totaled €10.4 billion (-3%). In order to further
expand its market presence, Daimler Financial Services acquired
Welcome Bank GmbH in Austria, which was previously part
of Wiesenthal Autohandels AG. Welcome Bank GmbH has been
operating in Austria as Mercedes-Benz Bank GmbH since
the end of October 2015. During the year under review, Daimler
Financial Services’ contract volume in Europe rose by 13%
to €45.6 billion.
Daimler Financial Services
The number of cars and commercial vehicles financed or leased by Daimler Financial Services
reached a new all-time high of more than 3.7 million at the end of 2015. New business and
contract volume also rose sharply, and the combination of sales financing and brokered automotive
insurance policies gained in importance as well. During the year under review, we also further
expanded our range of innovative mobility solutions.
Daimler Financial Services
2015 2014 15/14
Amounts in millions of euros % change
EBIT 1,619 1,387 +17
Revenue 18,962 15,991 +19
New business 57,891 47,912 +21
Contract volume 116,727 98,967 +18
Investment in property, plant
and equipment
30
23
+30
Employees (December 31) 9,975 8,878 +12
C.09