Daimler rewards employees for outstanding business year 2017

• Employees to receive the company’s highest profit-sharing bonus up to 5,700 euros
• Wilfried Porth, Member of the Board of Management of Daimler AG responsible for Human Resources and Director of Labor Relations & Mercedes-Benz Vans: “Our employees contributed substantially to make 2017 the most successful year of Daimler’s company history so far. The bonus shows that we adequately share the company’s success with our employees.”
• Michael Brecht, Chairman of the General Works Council at Daimler AG: “The workforce achieved a lot in the past year. Our colleagues are the key to the company’s success. With the record profit-share the employees will be adequately honoured"

For their contribution to the successful business year of 2017 Daimler employees receive the highest profit-sharing bonus of the companys history. Board of Management and General Works Council decided to pay entitled tariff-scale employees a bonus up to 5,700 euros. The bonus applies to roughly 130,000 entitled tariff-scale employees in Germany, who will receive it with their April pay.

“Our employees contributed substantially to make 2017 the most successful year of Daimler’s company history so far. We want to honour this outstanding performance with a profit-sharing bonus and thank our colleagues for their relentless dedication. The bonus shows that we adequately share the company’s success with our employees. Together we achieved a lot: from more than two million produced vehicles at Mercedes-Benz Cars, record sales at Mercedes-Benz Vans to innovative transport solutions at Mercedes-Benz Trucks and long-term future scenarios for our German locations”, says Wilfried Porth, Member of the Board of Management of Daimler AG responsible for Human Resources and Director of Labor Relations & Mercedes-Benz Vans.

Michael Brecht, Chairman of the General Works Council at Daimler AG: “The workforce achieved a lot in the past year. Our colleagues are the key to the company’s success. With the record profit-share the employees will be adequately honoured.”

A profit-sharing scheme for tariff-scale employees has been established at Daimler in 1997. Calculation of the profit-sharing bonus at Daimler is regulated under the terms of an agreement with the General Works Council. The profit-sharing bonus is calculated with a formula which links the Group profit before interest and taxes (EBIT) with the return on sales. The Group operating profit of 14.7 billion euros for 2017 is higher than the corresponding figure of 12.9 billion euros for 2016. Therefore this year’s profit-sharing bonus is consequently higher than last year’s bonus of 5,400 euros and marks the highest bonus in the company’s history.