Daimler Financial Services
News
Daimler Financial Services AG expects to post positive results also in the fourth quarter, after achieving earnings of €101 million in the third quarter 2009. “We’ve achieved the turnaround, and we expect to once again make a contribution to the Group's earnings even though we had the toughest year in our company’s history,” said Jürgen Walker, Chairman of Daimler Financial Services AG, at a press conference at the company’s headquarters in Berlin.
Daimler Financial Services posted EBIT of €101 million (Q3 2008: €173 million) for the third quarter of 2009. The decline in earnings was mainly caused by higher expenses for credit risks, but expenses were also incurred in connection with the expansion of the direct banking business at Mercedes-Benz Bank.
After 3 years of business operations FUSO Financial, a brand of Daimler Financial Services Japan Co. Ltd., has acquired the 10,000th contract in September 2009. FUSO Financial commenced its retail-financing services in April 2006 in order to satisfy the diversified financing needs of Mitsubishi FUSO vehicle customers. The total contract volume of FUSO Financial in Japan amounts to € 350 million (Yen 50 billion) in mid year 2009.
Daimler Financial Services AG, headquartered in Berlin, is expanding its global presence to include the Middle East growth region. Toward this end, the company announced the official opening of Mercedes-Benz Finance Middle East and Mercedes-Benz Leasing Middle East on October 7, 2009 at a press conference in Abu Dhabi, United Arab Emirates.
International
Operating in more than 40 countries, Daimler Financial Services is the most international captive financial services provider. Daimler Financial Services has 7,100 employees and manages a contract volume of 63 billion Euro.
