Q3 numbers: record year 2017 on the horizon
New business up by 11% worldwide
Daimler Financial Services increased its new business once again in the third quarter of 2017. Worldwide, 481,400 new leasing and financing contracts were concluded with a total volume of €17.4 billion, which is 11% more than in the prior-year period. Contract volume reached €135.8 billion at the end of September and was thus 2% higher than at year-end 2016. Adjusted for exchange-rate effects, contract volume grew by 8%. Third-quarter EBIT amounted to €507 million (Q3 2016: €438 million).
Further growth in Europe
In the whole of Europe, 244,000 new leasing and financing contracts were signed in the third quarter (+20%). New Business thus increased by 21% to €7.9 billion. Contract volume in Europe increased compared with the end of 2016 by 8% to €57.8 Billion.
The Americas: significant decrease in new business
In the Americas region, leasing and financing contracts with a total value of €5.1 billion were concluded in the third quarter (-9%). Contract volume in the Americas region of €50.5 billion at the end of September was 7% lower than at year-end 2016. Adjusted for exchange-rate effects, contract volume increased by 3%.
Strong growth in Africa & Asia-Pacific and China
New business in the AAP region (excluding China) grew by 10% to €2.0 billion in the third quarter. Contract volume in the Region amounted to €16.6 billion at the nd of September (+3%). There was a strong increase in new business also in China. In the third quarter, 79,700 new leasing and financing contracts were concluded with a volume of €2.4 billion (+45%). Contract volume in China amounted to €10.9 billion at the end of September, representing growth of 24% compared with the end of 2016.
Continued growth of insurance business
In the insurance business, Daimler Financial Services brokered 551,000 contracts in the third quarter (+24%). Since the beginning of September, the “InScore” telematics-based insurance tariff has been available in the German market.
Expansion of mobility services portfolio
The total number of mobility services users increased to 15.9 million customers worldwide (+116%).
The number of car2go customers grew to 2.8 million in the third quarter. The expansion of the fleet with new vehicle models is progressing systematically and customers have also been able to book hourly packages since September.
By the end of September, the moovel Group registered approximately 16.4 million transactions on its apps. In August, the moovel Group acquired the Hamburg startup Familonet, a location- based app with more than 2 million users. mytaxi, Europe’s number-one taxi app with more than 9.7 million registered users, started a pooling service under the label mytaxi match, which allows several customers to share a taxi. A pilot Operation is now running in Warsaw.
The private car-sharing service has been expanded with the acquisition of a minority interest in Turo, the leading peer-to-peer (P2P) marketplace for vehicle rentals in the United States. At the same time, Daimler’s private car-sharing platform, Croove, has been integrated into the US company. Croove was previously only active in Germany.
In addition, Daimler has taken a stake in Via Transportation, Inc. This US provider of on-demand ride sharing is successful in major US cities such as Washington DC and New York. The European rollout is to start in London. With the acquisition of flinc, the leading provider of door-to-door ride sharing, Daimler has further expanded its portfolio of future-oriented mobility Services.