SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of February, 1999
DAIMLERCHRYSLER AG
(Translation of registrant's name into English)
EPPLESTRASSE 225, 70567 STUTTGART, GERMANY
(Address of principal executive office)
[Indicate by check mark whether the registrant files or will file
annual reports under cover of Form 20-F or Form 40-F.]
Form 20-F X Form 40-F
[Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.]
Yes No X
[If "Yes" is marked, indicate below the file number assigned to
the registrant in connection with Rule 12g3-2(b): 82- ]
DAIMLERCHRYSLER AG
FORM 6-K: TABLE OF CONTENTS
1. Press Release of DaimlerChrysler AG, dated February 25, 1999,
providing Group figures for 1998.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
DaimlerChrysler AG
By: /s/ James D. Donlon III
-----------------------------
Name: James D. Donlon III
Title: Senior Vice President
By: /s/ ppa. Hans-Georg Bruns
------------------------------
Name: Dr. Hans-Georg Bruns
Title: Vice President
Chief Accounting Officer
Date: February 25, 1999
Exhibit 1
DAIMLERCHRYSLER
Press Information
February 25, 1999
Contact:
Eckhard Zanger Tel (+49) 711 17 93311
Lori McTavish Tel (+1) 248 512 2666
<TABLE>
<CAPTION>
=================================================================================
DaimlerChrysler Group 1998 1997 98:97
-----------------------------------------------
E (Euro) U.S.-$ DM E (Euro) Change*
-------- ------ --- -------- -------
<S> <C> <C> <C> <C> <C>
Operating Profit, in millions 8,593 10,082 16,807 6,230 + 38 %
IBT (Income Before Taxes), in 8,154 9,567 15,948 6,180 + 32 %
millions
Net Income**, in mill. 5,221 6,126 10,212 4,057 + 29 %
Earnings Per Share** 5.58 6.54 10.90 4.28 + 30 %
Proposed Dividend Per Share 2.35 2.76 4.60
Revenues, in millions 131,782 154,615 257,744 117,572 + 12 %
==================================================================================
</TABLE>
* Based on Euro figures
** Excluding nonrecurring items: 1998 before merger costs; 1997
excluding one time positive tax effects, esp. special pay-out of
DM 20 per share
Group figures for 1998:
DaimlerChrysler Operating Profit at E 8.6 bn (+ 38 %)
o IBT up 32 % to E 8.2 bn
o Board of Management proposes 1998 dividend of E 2.35 per share
Stuttgart / Auburn Hills, Michigan - In its first business year 1998,
DaimlerChrysler has achieved an operating profit of E 8.6 bn. This is an
increase of 38 % compared to the 1997 combined figure of E 6.2 bn.
According to the group figures published today, 1998 income before taxes
(IBT) is up 32 % to E 8.2 bn against the 1997 combined figures.
Net income for 1998 is in the amount of E 5.2 bn, up 29 % against the 1997
net income for the combined businesses of E 4.1 bn. Earnings per share
(EPS) are at E 5.58, up 30 %. The 1998 figure is excluding the merger costs;
the 1997 figure is calculated on a comparable basis, excluding nonrecurring
items.
Net income including nonrecurring items - merger costs in 1998 and one time
positive tax effects from the special pay-out of DM 20 per share for 1997 -
is about E 4.8 bn (1997: E 6.5 bn); earnings per share including these
items are at E 5.16.
Group revenues rose by 12 % to E 131.8 bn.
The Board of Management intends to propose to the Annual General Meeting of
shareholders on May 18, 1999, a dividend of E 2.35 per share. The
DaimlerChrysler Supervisory Board will decide on the dividend proposal on
March 30, 1999. For the former Daimler-Benz shareholders, this dividend
would mean a significantly higher pay-out, whereas the former Chrysler
shareholders continue to receive a dividend on the high level of previous
pay-outs.
In the income before taxes figure, merger costs of E 685 millions are
included. This comprises all costs for the preparation and execution of the
merger, as well as real estate transfer taxes, and the costs of the
exchange offer for former Daimler-Benz shareholders.
DaimlerChrysler will present and explain the detailed financial statements
for 1998 at its annual press conference in Stuttgart on March 31, 1999.
Please note:
- - 1998 figures are calculated on a U.S.-$/DM exchange rate of 1.6670
(Noon Buying Rate on December 31, 1998, as required by the SEC).
(Average U.S.-$/DM exchange rate in 1998 was 1.7597.)
- - 1 e (Euro) = DM 1.95583
- - Operating Profit is according to FAS 131
DaimlerChrysler Communications, D-70546 Stuttgart (Germany), Auburn
Hills, MI 48326-2766 (USA)
