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            september 17, 2019

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Daimler rewards employees for financial year 2018


Despite difficult conditions, Daimler employees will participate in the financial year 2018 with a profit-share of up to 4,965 euros. This has been decided by the Board of Management and General Works Council. The bonus applies roughly to 130,000 entitled tariff-scale employees in Germany, who will receive it with their April pay.
“Our employees achieved a lot last year and showed untiring commitment day by day. We want to thank them for their outstanding commitment with the profit-sharing bonus”, 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: “We can always rely on the hard work and dedication of our employees, also in difficult times. The profit-sharing bonus of 4,965 euros rewards this performance and is an appropriate way of saying thank you.”
A profit-sharing scheme for tariff-scale employees has been in place at Daimler since 1997. Calculation of the profit-sharing bonus at Daimler is regulated in an agreement with the General Works Council. The profit-sharing bonus is calculated on the basis of a formula which links the Group profit before interest and taxes (EBIT) with the return on sales. The Group operating profit of 11.1 billion euros for 2018 is below the operating profit of 14.3 billion euros for 2017. As a result, this year’s profit participation is lower than the bonus of 5,700 euros paid out last year.

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