23 of 500
Financials: Latest Results
Rank: 23
Previous rank: 21
CEO: Dieter Zetsche
Employees: 275,087

The maker of Mercedes Benz is trying to power through Europe's financial woes. Flat profits for 2012 were followed by a disastrous first quarter when the German luxury automaker posted a 60% drop in net income and lowered its 2013 forecast. Chief Dieter Zetsche expects results to improve later this year as a massive cost-cutting effort lifts Daimler's bottom line. A revamped flagship Mercedes S-Class hits U.S. showrooms this fall, but it faces stiff competition from market leader BMW and a newly revived Audi.

Mercedesstrasse 137
Stuttgart. 70327
Website: www.daimler.com
Key financials
$ millions
% change from 2011
Stockholder's equity
Profits as % of
From the July 22, 2013 issue

Figures prepared in accordance with International Accounting Standards.
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Companies are ranked by total revenues for their respective fiscal years ended on or before March 31, 2013. All companies on the list must publish financial data and report part or all of their figures to a government agency. Figures are as reported, and comparisons are with the prior year’s figures as originally reported for that year. Fortune does not restate the prior year’s figures for changes in accounting. More
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