Mercedes-Benz Danmark A/S

Principal activitiesMercedes-Benz Danmark A/S is a 100% owned subsidiary of Daimler AG.Mercedes-Benz Danmark A/S is an import and wholesale company of passenger cars, vans, trucks as well as spare parts in Denmark.The subsidiaries are retailing as well as supporting services of cars, vans, and trucks and selling spare parts. Moreover, the subsidiaries operate within financing.The activities of Mercedes-Benz Danmark A/S take place under the trademarks Mercedes-Benz, Smart and Maybach.Development in activities and financial mattersThe income statement for 2018 shows a profit after taxes of DKK 336,652 thousand against a profit after taxes of DKK 292,572 thousand last year, and the balance sheet at 31 December 2018 shows an equity of DKK 1,657,922 thousand (31 December 2017: DKK 1,591,270 thousand).Management considers the Company's financial performance in the year satisfactory.OutlookThe Company expects the result for 2019 to be on the same level as in 2018. RisksCredit risksThe Company customers consist of the Danish Mercedes Benz dealers, where there is no credit risk outside normal course of business. Financial risksThe Company is not exposed to any significant financial risks. Daimler AG Group is involved in proactive work to ensure economic development in the Group.Intellectual capitalDaimler AG focuses on supporting and developing their employees to enhance the professional development of Daimler. The Company retains its employees by offering training and a good work environment that attracts people in a market with high competition.Enviroment and working environment policiesEnvironmentThe Company’s own operation as distributor in Denmark is not considered to have a significant impact on the environment. However, measures are taken wherever possible within the daily operation to reduce any environmental impact.Furthermore, Daimler AG is continuously working on improving the environmental impact when producing vehicles and when developing new vehicles.Operating reviewWorking environmentThe Compay works actively and systematically on the working environmental effects of the daily operations with due consideration to the Company’s purpose, activites and available resources.The individual employee is responsible for the environmental effects of doing his/her job and thus plays an important part in minimising the total environmental effects of the Company’s operations.Committed employees are the other cornerstone to success. The commitment of the employees are measured bi-annually to create the foundation for a good working environment with highly motivated employees.Moreover, the Group is responsible for its own environmental effects, focusing on environmental friendly vehciles and a comprehensive program of sustainable development is a key success factor in the Daimler AG Group.Mercedes-Benz Danmark A/S is owned by Daimler AG. All companies are wholly-owned subsidiaries unless otherwise stated. All companies included in the group chart are consolidated into the Group Financial Statament of Daimler AG.