New business grows by 20%
Contract volume rises to €93.7 billion
car2go has 870,000 customers
EBIT of €355 million (Q3 2013: €322 million)
|Amounts in millions of euros||Q3 2014||Q3 2013||% change|
|* As of December 31, 2013.|
339,000 new financing and leasing contracts
Daimler Financial Services concluded approximately 339,000 new financing and leasing contracts worth €12.4 billion in the third quarter, increasing its new business by 20% compared with the prior-year period. Contract volume reached €93.7 billion at the end of September, which is 12% higher than at the end of 2013. Adjusted for exchange-rate effects, contract volume grew by 7%. EBIT amounted to €355 million (Q3 2013: €322 million).
Corporate movie Daimler Financial Services
New business in Europe up by 11%
In Europe, approximately 172,000 new leasing and financing contracts in a total volume of €5.4 billion were signed, representing growth in new business of 11% compared with the prior-year quarter. Strong growth was achieved in the Benelux countries (+31%) and the United Kingdom (+22%). In Germany, the deposit volume of Mercedes-Benz Bank in the direct banking business amounted to €11.1 billion at the end of the third quarter (-2% compared with December 31, 2013). In the year of the 65th IAA Commercial Vehicles trade fair, which was held in September in Hanover, Mercedes-Benz Bank achieved the record number of nearly 250,000 financed trucks, buses and vans. Daimler Financial Services’ contract volume in Europe reached €39.1 billion at the end of September, rising by 5% compared with the end of 2013.
Growth in the Americas
In the Americas region, new business increased compared with the prior-year period by 21% to €5.0 billion. There were particularly strong gains in Mexico (+37%) and the United States (+26%). Contract volume in the region reached €40.2 billion at the end of the quarter, which is 16% higher than at the end of 2013. Adjusted for exchange-rate effects, contract volume grew by 7%.
Strong growth in Africa & Asia-Pacific
Strong growth was achieved, in many cases double-digit, in nearly all countries of the Africa & Asia-Pacific region. Compared with the third quarter of 2013, new business increased by 46% to €2.1 billion. Business developed very positively especially in South Korea (+119%), China (+114%) and India (+62%). Contract volume in the Africa & Asia-Pacific region reached €14.3 billion at the end of September, which is 23% higher than at the end of 2013. Adjusted for exchange-rate effects, there was growth of 16%.
Increase in number of insurance policies brokered
Daimler Financial Services brokered approximately 360,000 automotive insurance policies in the third quarter, representing growth of 6% compared with the prior-year period.
Acquisition of Intelligent Apps and RideScout
The flexible mobility concept car2go started in Frankfurt am Main and Copenhagen during the third quarter. By the end of September, car2go was available in 28 cities and more than 870,000 customers were registered worldwide – 45% more than at the end of 2013.
car2go video tutorial
During the third quarter, in order to strengthen its presence in the international mobility market also beyond the flexible car-sharing business, the car2go operator company moovel GmbH acquired Intelligent Apps GmbH, the provider of the taxi-brokering app mytaxi. In addition, moovel GmbH announced the acquisition of RideScout LLC, the provider of the leading mobility app in North America.
|Amounts in millions of euros||Q1-3 2014||Q1-3 2013||% change|
|* As of December 31, 2013.|