Daimler Financial Services increased its earnings before interest and taxes (EBIT) by 15% year-on-year in the first half of 2017, according to its mid-year results.
The German captive achieved EBIT of €1.046bn (£930m), and reported a rise in new businesses by 19% year-on-year to €34.7bn over the same period.
Daimler’s portfolio increased by 17% to reach 4.6m units in the first six months of the year, reaching a total volume of €134bn.
Klaus Entenmann, chief executive of Daimler Finance Services, said Daimler expected a record year, and attributed this to strong sales performance.
He said: “With nearly one million new contracts in the first six months, we are heading for another record year.
“This is primarily due to the continued good sales performance in the automotive divisions, in particular Mercedes-Benz cars.”
Daimler’s portfolio of financed and leased vehicles rose by 17% year-on-year in the first half of 2017, increasing to 4.6m units.
The group’s mobility services, which include car2go, mytaxi, and moovel saw their users more than double to 14.5m compared to a year earlier. In April, Daimler launched ‘connect business’, a connectivity service for business fleets.
Daimler said its acquisitions of Clever Taxi, a Romanian start-up, and Taxibeat, a mobility provider operating in Greece and Peru has contributed to the rising number of customers using its mobility services. Moovel, its mobility operating system, has 2.9m customers across Europe and North America.
Entenmann added: “We are thus expanding our position as market leader in the field of mobility services. We have the financial resources that are required for the growth path.”