BET
15891.07
0.11%
BET-TR
32973.49
0.1%
BET-FI
56704.1
-1%
BETPlus
2358.81
0.08%
BET-NG
1132.49
-0.2%
BET-XT
1357.32
-0.04%
BET-XT-TR
2784.8
-0.04%
BET-BK
2959.72
-0.49%
ROTX
35004.28
-0.91%



Mercedes-Benz Group AG achieved first quarter financial results thanks to a rise in sales of Top-End vehicles and premium vans

Autor: Financial Market
Timp de citit: 2 minute

Mercedes-Benz Group AG reported first-quarter 2023 results with revenue up 8% to €37.5 billion (Q1 2022: €34.9 billion) and adjusted EBIT to €5.4 billion (Q1 2022: €5.3 billion), resulting in six consecutive quarters of double-digit margins.

Together with higher sales, as well as a favorable product mix, it resulted in Earnings Before Interest and Taxes (EBIT) of €5.5 billion (Q1 2022: €5.2 billion).

Strong sales of G-Class, Mercedes-AMG and Mercedes-Maybach vehicles helped Mercedes-Benz Cars to achieve an adjusted Return on Sales of 14.8%.

At Mercedes-Benz Vans the adjusted Return on Sales reached 15.6%, boosted by improved pricing and deliveries of large vans.

The shift towards greater electrification continues, with sales of Battery Electric Vehicles at Mercedes-Benz Cars up 89% and rising 22% at Mercedes-Benz Vans.

The Mercedes-Maybach EQS SUV, an all-electric Top-End vehicle, was presented at Auto Shanghai 2023 following the introduction of a plug-in hybrid version of the Mercedes-Maybach, the S 580 e² earlier in the year.

With the Mercedes-Maybach EQS SUV, the company presented an EQ model tailor-made for delivering further growth in China and the U.S.

In the first quarter, the company also presented its strategy for MB.OS, its proprietary software operating system.

CITESTE SI:  The S&P 500 returns to all-time highs

The free cash flow of the industrial business increased to €2.2 billion (Q1 2022: €1.2 billion). The net liquidity of the industrial business rose to €28.9 billion (end of 2022: €26.6 billion).

The Group’s investments in property, plant and equipment in the first quarter totaled €0.8 billion (Q1 2022: €0.9 billion). Research and development expenditure amounted to €2.5 billion (Q1 2022: €2.0 billion) due to higher investments for future platforms and technologies, including MB.OS.

In February 2023, the Board of Management and the Supervisory Board of Mercedes-Benz Group AG resolved to conduct a share buyback program.

Beginning in March 2023, own shares worth up to €4 billion (not including incidental costs) are intended to be acquired on the stock exchange over a period of up to two years and shall subsequently be cancelled.

As of this week, Mercedes-Benz successfully transferred its Russian business activities to Avtodom, a step which had no significant effects on profitability and cash flows.

For Mercedes-Benz Mobility the company expects a loss in the low triple-digit million euros range, once the sale becomes effective. No significant effects are expected on liquidity and capital resources.