Daimler Financial Services finances three million vehicles for the first time

Stuttgart (ots) -

- New business and contract volume records broken
- EBIT of about 1.25 billion euros expected in 2013
- Further growth expected in 2014 as a result of Daimler's
aggressive model strategy and innovative mobility services

For the first time ever, Daimler Financial Services is financing
more than three million vehicles. "In October 2013, we exceeded the
three million mark," said Klaus Entenmann, Chairman of the Board of
Management of Daimler Financial Services AG, on Tuesday in Stuttgart.
Daimler's financial arm is now financing about half a million more
vehicles than it was three years ago. Around the world, Daimler
Financial Services finances four out of every ten Daimler vehicles
delivered. In the first three quarters of 2013, the company's
earnings before taxes and interest (EBIT) amounted to 955 million
euros. Entenmann: "For the year as a whole, we aim to achieve an EBIT
of about 1.25 billion euros. This would exceed our expected return on
equity of at least 17 percent. We have achieved good results -
especially considering that we are investing in digital sales
channels and innovative mobility services at the moment."

New business and contract volume records broken

When it comes to new business and contract volumes, the company
broke records in the first ten months of 2013. New business, which is
understood as the equivalent of all newly concluded financing and
leasing contracts, grew six percent in the first ten months of the
year, to 33 billion euros. At the end of October, DFS had reached a
contract volume of 82 billion euros, a three percent increase over
the end of 2012.

Growth across regions

Daimler Financial Services was able to attract new customers
around the world: in the UK, the number of newly financed vehicles
increased 22 percent over the previous year. In Turkey, the company
saw 17 percent growth. In Germany, the second biggest market after
the United States, the DFS subsidiary Mercedes-Benz Bank AG recorded
three percent growth. Demand remained strong in the United States,
where the number of financed vehicles increased 15 percent over the
previous year. In India, where Daimler Financial Services also
provides financing for the new BharatBenz commercial vehicle brand,
the number of newly financed vehicles more than doubled.

Further growth expected in 2014

Daimler Financial Services expects to see further growth in the
coming year. "Our financing and leasing businesses are likely to
benefit from the aggressive Mercedes product strategy and our highly
attractive commercial vehicle models," said Entenmann. The market
launches of the new C-Class and GLA SUV as well as the full
availability of the new S-Class will give rise to additional
opportunities. The company also sees further market potential in the
area of used car financing. The expansion of online sales channels
has also driven growth, as these are providing customers with an
improved overview of automotive financing services.

car2go: available in a greater number of cities in 2014

The innovative mobility services offered by Daimler Mobility
Services GmbH, a DFS subsidiary, are expected to give rise to
additional opportunities in 2014. Over the course of the year, the
flexible car2go car-sharing concept will be launched in a number of
new cities. At the end of October, the service was available in 25
cities around the world.

Contact:
Andreas Spannbauer
Telephone: +49 (0) 711 2574 4078