The study, published by the EY firm, which analyzes the annual reports of 16 major global manufacturers, reveals that the cumulative profitability (Ebit margin) of these groups has reached its historical high in the last decade. This was 8.5 percent “It’s about 5 percentage points more than the previous year. Before that, it had been in steady decline for three consecutive years, falling from 6.3% in 2017 to just 3.5% in 2020., points to EY. The brand with the highest Ebit margin (12.1%) in 2021 is Tesla, followed by BMW (12%) and Mercedes-Benz (12%). Alliance brands that suffered losses in 2020 went back to green last year, but reported lower profitability: 2% for Nissan, 2.4% for Mitsubishi and 3% for Renault.
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Highest operating result (Ebit)
Another indicator analyzed by the EY firm is the operating profit of 16 manufacturers, which reached 134.2 billion euros in 2021, up 168% compared to 2020, a gain of 84.1 billion euros. This is also the highest level observed in the last ten years, exceeding 2017’s record amount (€100.08 billion) by 34%. All 16 major manufacturers reported increases in operating incomethe most significant jump goes to Tesla (+234%). “Records for Ebit were set by German and American manufacturers. For producers in other countries, this was below previous highs.”underlines the cabinet. Toyota recorded the highest operating profit of 24.8 billion euros, beating Volkswagen (19.3 billion euros) and Mercedes-Benz (16.03 billion euros).
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Increased turnover for 16 manufacturers
In 2021, the cumulative revenue of 16 producers (at constant exchange rates) increased by 11.6% compared to 2020 (+164 billion euros) to 1.578 billion euros. “But 5.4% down from 2019 record level”says EY. Volkswagen group* is the group with the highest turnover. (€250.2 billion), ahead of Toyota (€238.4 billion). The most significant increase went to Tesla (+71%), followed by Mitsubishi (+24%), Kia and Suzuki (+18%). Stellantis (+1%) and General Motors (+4%) reported the smallest increases. Three German manufacturers achieved double-digit sales growth. Cumulatively, it reached 495.3 billion euros, the third highest level ever reached.
Finally, despite the health crisis and especially the semiconductor and raw material shortages, the 16 largest automakers marketed more than 762,000 vehicles (cars and utilities) in 2020 (+1.2%), A total of 63.45 million units in 2021. Ten of the sixteen groups analyzed sales growth.
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EY recommends that Volkswagen’s turnover and operating income be presented excluding Chinese joint ventures that are consolidated using the equity method.