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Headquarters Stuttgart

Daimler-Benz

Employees: 330,551 (As of 12/94)
Group turnover: 104 billion DM (1994)

The Board of Management
Chairman	Jürgen E. Schrempp
Finance and Personnel	Dr. Manfred Gentz
Research and Technology	Prof. Dr.-Ing. Hartmut Weule
Mercedes-Benz	Helmut Werner
AEG Daimler-Benz Industrie	Ernst G. Stöckl
Daimler-Benz Aerospace	Dr. Manfred Bischoff
Daimler-Benz InterServices	Dr. Klaus Mangold

The state of business

Revenues of the Daimler-Benz Group, at DM 48.0 billion, were up 1% compared to the same period in the previous year. In Germany (+1%) and in the member countries of the European Union (+6%), we were able to further increase our business after the strong growth in the previous year. In the U.S. market, however, despite increased sales of passenger cars, we faced a 9% drop in revenues caused by the development of the dollar exchange rate. Revenues in the other markets continued to rise (+6%). The expansion of business was primarily driven by Mercedes-Benz and debis. While AEG Daimler-Benz Industrie nearly reached the revenues of the previous year, DASA's sales volume was down because of currency developments and the persistently difficult situation in the aircraft industry. Overall, Mercedes-Benz contributed 70% of Group sales, DASA 11%, debis 10% and AEG Daimler-Benz Industrie 9%.

At the end of June 1995, the Daimler-Benz Group had 330,247 employees worldwide. While DASA and AEG Daimler-Benz Industrie have continued to reduce their workforce, the number of employees has gone up again at debis and - as a result of the integration of Kässbohrer within EvoBus GmbH - at Mercedes-Benz.

Outlook

In the second half of 1995, the devaluation of major currencies with respect to the German mark is likely to continue to have a negative effect on business. The weak dollar in particular will affect DASA's revenues as well as passenger car revenues in the important North American market. Nonetheless, positive stimuli associated above all with the model change in the E-Class and with the commercial vehicle sector are expected to prevail at Mercedes-Benz. On the whole we expect total revenues for 1995 to surpass the previous year's figure.

In more detail
Consolidated Interim Report
Half-Year Financial Statements of the Daimler-Benz Group
Reconciliation of Consolidated Net Income and Stockholders'

Equity to U.S. GAAP

Evolution of an International Group
The Story of Daimler-Benz AG