Overall Assessment of the Economic Situation
The 2020 financial year held special challenges for the Daimler Group.
In addition to the demanding transformation processes that we have to master in the automotive industry, the development of our profitability, cash flows and financial position also reflected the adverse effects of the covid-19 pandemic.
With the help of our active operational and financial countermeasures, we succeeded in meeting the adjusted expectations for the development of business in the past year.
We are confident for the 2021 financial year. This confidence, however, is based on the assumption that the covid-19 pandemic will be gradually contained in our most important markets and that further setbacks for global economic development will be avoided.