Daimler and the Capital Market

 

Key figures

  Q1 2014 Q1 2013 % change
       
Earnings per share (in €) 0.96 0.50 +92
Outstanding shares (in millions) 1,069.8 1,067.9 +0
Market capitalization (€ billion) 73.38 45.33 +62
Xetra closing price (in €) 68.59 42.45 +62

 

share-price-high-low

 

Daimler share price develops better than DAX in Q1

Our stock began the year 2014 with a continuation of the positive development of the previous year. At the end of January, however, equity markets were negatively affected by turbulences in important emerging markets. Investors reacted with uncertainty and profit-taking. The publication of our results for financial year 2013 in February 2014 was received very positively by the capital market. For the first time, Daimler organized an investors’ conference in Stuttgart. In view of the good results of the year 2013, a proposed dividend of €2.25 per share and ongoing strong product momentum, our share price rose by 2.6% to €62.48 on the day of publication. In the second half of the first quarter, stock markets remained stable despite political uncertainties, and our share price actually continued to rise. Overall, Daimler’s share price increased by 9% in the first quarter to €68.59 at closing on March 31, thus developing slightly better than the Dow Jones STOXX Auto Index (+8%) and significantly better than the DAX (+0%). Market capitalization at the end of the quarter was €73.4 billion.

 

Share-price-index

 

Capital market used for attractive financing

The Daimler Group once again undertook refinancing at attractive conditions in the international money and capital markets in the first quarter of 2014. In January 2014, Daimler AG issued an eight-year bond in the euro market with a volume of €750 million. In March, Daimler Finance North America LLC issued bonds with maturities of three and seven years and a total volume of $2.15 billion in the US capital market. In addition, we conducted several smaller issuances in various countries and currencies. And in March 2014, we were the first international company to issue a bond in the People’s Republic of China, a so-called panda bond. In early April 2014, we conducted an asset-backed securities (ABS) transaction in the United States with a volume of approximately $2 billion.

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