Latest news with #Mercedes-BenzCars
Yahoo
08-07-2025
- Automotive
- Yahoo
Mercedes-Benz quarterly sales dip
Mercedes-Benz Group has reported a 9% decrease in sales for the second quarter (Q2), selling 547,100 cars and vans, despite - what it said is strong customer demand and electric vehicle (EV) growth. The company said underlying customer demand for Mercedes-Benz Cars remained robust, particularly in the US and Germany, with (retail) deliveries rising by 26% and 7% respectively. The company said it managed deliveries to dealerships to navigate new global tariff policies, which notably affected its overall sales in the US (-12%) and China (-19%). Mercedes-Benz Cars experienced a 9% decline in sales during Q2, with 453,700 cars sold. Mercedes said 'Top-End' accounted for 14.3% of overall sales, with deliveries to customers up by 5%, reaching 69,000 units, fuelled by a 19% increase in Mercedes-AMG vehicles and a 56% rise in G-Class sales. The GLC model maintained its position as the top-selling car globally in the first half of 2025, with sales rising by 9% in Q2. The new CLE model saw a 30% increase in Q2 sales and a 66% rise in the first half of the year. Plug-in-hybrid sales globally increased by 34% in Q2, with electrified vehicles (xEVs) accounting for 40% of sales in Europe and 21% globally during the quarter. Mercedes-Benz is embarking on a multi-year product and technology launch campaign starting in 2025, with the introduction of the all-new CLA in Europe and further model releases planned throughout the year. The all-new electric GLC is set to be unveiled in September, bolstering the company's electric vehicle portfolio in the mid-size segment. Customer deliveries increased by 18% this quarter, with German retail sales up by 27% due to 'strong' demand. Mercedes-Benz Vans sold 93,400 units in Q2, with a 32% year-on-year rise in eVans sales, contributing to 7% of overall sales and 10% of European sales. Mercedes-Benz Vans also secured the largest single order of eVans to date, with 5,000 electric vans to be delivered to Amazon's transportation network. Commercial segment sales represented 82% of total sales in the first half of the year, highlighting the importance of commercial vans. Private vans accounted for 18% of sales. Mercedes Benz Group board of management member Mathias Geisen said: 'Overall, we see good customer demand in the U.S. and Germany for our products including our Top-End vehicles, despite tariffs impacting our global sales in the second quarter. 'In China, in a highly competitive environment, we could keep the number one position in the Top-End luxury segment in the first half of the year. The all-new CLA received very positive feedback.' Last month, Mercedes-Benz initiated a new phase in automotive manufacturing with the start of the new CLA model's production at the Rastatt plant in Germany. "Mercedes-Benz quarterly sales dip" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
07-07-2025
- Automotive
- Time of India
Mercedes-Benz Q2 sales fall 9% impacted by tariffs
German carmaker Mercedes-Benz said on Monday its second-quarter unit sales of cars and vans fell 9%, citing the impact of tariffs. Deliveries fell to 547,100 cars and vans in the April-June period, while sales of battery electric vehicles dropped even more sharply by 18%, to 41,900 vehicles, the company said in a statement. Second-quarter sales of Mercedes' Cars unit fell 9% to 453,700 vehicles, with sales in North America dropping 14%, while they slumped 19% in China. "Deliveries to dealerships were carefully calibrated to navigate new global tariff policies, impacting sales of Mercedes-Benz Cars in the U.S. and China in particular," said the carmaker. Meanwhile, in Germany and Europe, sales were up 7% and 1%, respectively, Mercedes Benz added.>
Yahoo
30-04-2025
- Automotive
- Yahoo
Mercedes-Benz Group Delivers Solid Q1 Results in a Dynamic Market Environment
Return on sales (RoS): Adjusted return on sales (RoS) margins for Mercedes-Benz Cars (7.3%), Mercedes-Benz Vans (11.6%) and adjusted return on equity (RoE) Mercedes-Benz Mobility (8.6%) in line with the 2025 forecast Solid foundation: Net liquidity at €33 billion, healthy foundation to navigate through uncertainty Product offensive: CLA celebrated its world premiere in Q1 reinforcing EV strategy and digital innovations; Vision V gives an outlook of the future top-end model "Mercedes-Benz VLS" Top-End segment: TEV-share reached 15% boosted by Mercedes-AMG (+17%) and G-Class (+18%) sales Electrification: Mercedes-Benz Cars electrified vehicles (xEV) accounted for 19% of global sales, with European market at 37% and strong PHEV sales (+8%); Van BEV sales increase by 59% Outlook: The Group and divisional guidance would remain unchanged before considering any additional tariff impact. However, assuming all of the currently implemented and the announced tariffs become effective and remain in place until the end of the year, material impacts are expected. The current volatility with regard to tariff policies, mitigation measures and resulting potential direct and indirect effects in particular on customer behaviour and demand is too high to reliably assess the business development for the remainder of the year. STUTTGART, Germany, April 30, 2025--(BUSINESS WIRE)--Mercedes-Benz Group AG (ticker symbol: MBG) achieved solid first-quarter results in an ongoing dynamic market environment. Revenue reached €33.2 billion (Q1 2024: €35.9 billion) driven by sales of passenger cars and vans. Group earnings before interest and taxes (EBIT) came in at €2.3 billion. The free cash flow from the industrial business reached strong €2.4 billion (Q1 2024: €2.2 billion) due to the seasonal positive development of working capital. Net liquidity rose to a comfortable €33.3 billion, (end of 2024: €31.4 billion) providing a solid foundation for navigating through times of geopolitical and macroeconomic unpredictability. "The all-new CLA kicks off our multi-year product and technology offensive, creating fresh momentum for Mercedes-Benz. Desire for our current portfolio sustains our leadership position in the Top-End vehicle segment, including in China. This, combined with a healthy balance sheet provides a solid foundation to navigate our company through a period of geopolitical uncertainties." Harald Wilhelm, Chief Financial Officer of Mercedes-Benz Group AG Divisional resultsMercedes-Benz Cars sold 446,300 vehicles in a dynamic environment ahead of the first market introduction of the all-new CLA. The E-Class and GLC saw ongoing demand, while a strong sales performance of Mercedes-AMG and the G-Class led to a Top-End Vehicle share of 15%. The cash flow before interest and taxes (CFBIT) increased by 21% to €2.8 billion, 1.6 times higher than the adjusted EBIT of €1.8 billion. This development was driven mainly by favourable net working capital effect. The adjusted return on sales (RoS) came in at 7.3%, in line with guidance. Mercedes-Benz Vans achieved an adjusted EBIT of €475 million in a competitive market in the first quarter, leading to a healthy adjusted operating margin (RoS) of 11.6%. Product mix supported by further improved product substance remained on healthy level and partially outweighed lower unit sales. The result is supported by positive cost development. The cash flow before interest and taxes (CFBIT) reached €588 million, corresponding to a high cash conversion rate adjusted of 1.3. BEV sales surged by 59% thanks to the eSprinter. Mercedes-Benz Mobility reported a total contract volume of €133.7 billion (end of Q4 2024: €138.1 billion). New business reached €13.6 billion (Q1 2024: €14.8 billion), influenced by the dynamic financial services sector, particularly in China. However, the division recorded a higher average financing and leasing volume per contract. The adjusted EBIT amounted to €287 million and was thus at the same level as the previous year (Q1 2024: €279 million), further investments in charging activities have been compensated by continued strict cost discipline and efficiency measures. As a result, the adjusted return on equity (RoE) reached 8.6% (Q1 2024: 8.5%). OutlookThe Group and divisional guidance would remain unchanged before considering any additional tariff impact. However, assuming all of the currently implemented and the announced tariffs become effective and remain in place until the end of the year, material impacts are expected. The current volatility with regard to tariff policies, mitigation measures and resulting potential direct and indirect effects, in particular on customer behaviour and demand, is too high to reliably assess the business development for the remainder of the year. Therefore, reporting figures cannot be estimated with the necessary level of certainty. Assuming current trade policies persist, EBIT and free cash flow of the industrial business, as well as the adjusted returns on sales of Mercedes-Benz Cars and Mercedes-Benz Vans, will be negatively impacted. Negative impacts on the cash conversion rates of the automotive segments cannot be ruled out either. Mercedes-Benz Group Q1 2025 Q1 2024 Change25/24 Revenue* 33,224 35,873 -7.4% Earnings before interest and taxes (EBIT)* 2,289 3,863 -40.7% Net profit/loss* 1,731 3,025 -42.8% Free cash flow industrial business (FCF)* 2,357 2,233 +5.6% Earnings per share (EPS) in EUR 1.74 2.86 -39.1% * in millions of € Mercedes-Benz Cars Q1 2025 Q1 2024 Change25/24 Sales in units 446,300 462,978 -3.6% – thereof xEV 86,814 90,177 -3.7% – thereof BEV 40,706 47,521 -14.3% Share of xEV in unit sales in % 19.5 19.5 - Revenue* 24,238 25,713 -5.7% Earnings before interest and taxes (EBIT)* 1,758 2,456 -28.4% Adjusted earnings before interest and taxes (EBIT)* 1,768 2,323 -23.9% Adjusted return on sales (RoS) in % 7.3 9.0 -1.7%pts Cash flow before interest and taxes (CFBIT)* 2,789 2,297 +21.4% Adjusted cash conversion rate (CCR) 1.6 1.0 - * in millions of € Mercedes-Benz Vans Q1 2025 Q1 2024 Change25/24 Sales in units 82,943 105,425 -21.3% – thereof BEV 4,749 2,980 +59.4% Share of BEV in unit sales in % 5.7 2.8 - Revenue* 4,080 4,893 -16.6% Earnings before interest and taxes (EBIT)* 229 933 -75.5% Adjusted earnings before interest and taxes (EBIT) * 475 800 -40.6% Adjusted return on sales (RoS) in % 11.6 16.3 -4.7%pts Cash flow before interest and taxes (CFBIT)* 588 643 -8.6% Adjusted cash conversion rate 1.3 0.9 - * in millions of € Mercedes-Benz Mobility Q1 2025 Q1 2024 Change25/24 Revenue* 6,422 6,855 -6.3% New business* 13,622 14,750 -7.6% Contract volume (March 31, 2025)* 133,680 138,095** -3.2% Earnings before interest and taxes (EBIT)* 287 279 +2.9% Adjusted earnings before interest and taxes (EBIT) * 287 279 +2.9% Adjusted return on equity (RoE) in % 8.6 8.5 +0.1%pts * in millions of € ** Year-end figure Further information about Mercedes-Benz Group is available at: and Link to press information "Sales figures Q1 2025": Link to capital market presentation Q1 2025: Forward-looking statementsThis document contains forward-looking statements that reflect our current views about future events. The words "anticipate", "assume", "believe", "estimate", "expect", "intend", "may", "can", "could", "plan", "project", "should" and similar expressions are used to identify forward-looking statements. These statements are subject to many risks and uncertainties, including an adverse development of global economic conditions, in particular a negative change in market conditions in our most important markets; a deterioration of our refinancing possibilities on the credit and financial markets; events of force majeure including natural disasters, pandemics, acts of terrorism, political unrest, armed conflicts, industrial accidents and their effects on our sales, purchasing, production or financial services activities; changes in currency exchange rates, customs and foreign trade provisions; changes in laws, regulations and government policies (or changes in their interpretation), particularly those relating to vehicle emissions, fuel economy and safety or to the communication regarding sustainability topics (environmental, social or governance topics); price increases for fuel, raw materials or energy; disruption of production due to shortages of materials or energy, labour strikes or supplier insolvencies; a shift in consumer preferences towards smaller, lower-margin vehicles; a limited demand for all-electric vehicles; a possible lack of acceptance of our products or services which limits our ability to achieve prices and adequately utilize our production capacities; a decline in resale prices of used vehicles; the effective implementation of cost-reduction and efficiency-optimization measures; the business outlook for companies in which we hold a significant equity interest; the successful implementation of strategic cooperations and joint ventures; the resolution of pending governmental investigations or of investigations requested by governments and the outcome of pending or threatened future legal proceedings; and other risks and uncertainties, some of which are described under the heading "Risk and Opportunity Report" in the current Annual Report or in the current Interim Report. If any of these risks and uncertainties materialises or if the assumptions underlying any of our forward- looking statements prove to be incorrect, the actual results may be materially different from those we express or imply by such statements. We do not intend or assume any obligation to update these forward-looking statements since they are based solely on the circumstances at the date of publication. Mercedes-Benz Group at a glanceMercedes-Benz Group AG is one of the world's most successful automotive companies. With Mercedes-Benz AG, the Group is one of the leading global suppliers of high-end passenger cars and premium vans. Mercedes-Benz Mobility AG specialises in financial and mobility services. The products range from financing, leasing, vehicle subscription, rental and fleet management to insurance, innovative mobility services, digital payment solutions as well as products and services around charging. The company founders, Gottlieb Daimler and Carl Benz, made history by inventing the automobile in 1886. As a pioneer of automotive engineering, Mercedes-Benz sees shaping the future of mobility in a safe and sustainable way as both a motivation and obligation. The company's focus therefore remains on innovative and green technologies as well as on safe and superior vehicles that both captivate and inspire. Mercedes-Benz continues to invest systematically in the development of efficient powertrains and sets the course for an all-electric future. Mercedes-Benz is consistently implementing its strategy to transform itself toward a fully electric and software-driven future. The company's efforts are also focused on the intelligent connectivity of its vehicles, autonomous driving and new mobility concepts as Mercedes-Benz regards it as its aspiration and obligation to live up to its responsibility to society and the environment. Mercedes-Benz sells its vehicles and services in nearly every country of the world and has production facilities in Europe, North and Latin America, Asia and Africa. In addition to Mercedes-Benz, the world's most valuable luxury automotive brand (source: Interbrand study, 10. Oct. 2024), Mercedes-AMG, Mercedes-Maybach as well as the brands of Mercedes-Benz Mobility: Mercedes-Benz Bank, Mercedes-Benz Financial Services and Athlon. The company is listed on the Frankfurt and Stuttgart stock exchanges (ticker symbol MBG). In 2024, the Group had a workforce of around 175,000 and sold around 2.4 million vehicles. Group revenues amounted to €145.6 billion and Group EBIT to €13.6 billion. View source version on Contacts Willem Spelten, +49 151 5862 4395, Edward Taylor, +49 176 3094 1776, Benjamin Kraft, +49 176 3095 7277, Sign in to access your portfolio
Yahoo
23-02-2025
- Automotive
- Yahoo
Mercedes-Benz Group reports decline in revenue and profit for 2024
Mercedes-Benz Group has reported revenue of €145.6bn ($151.9bn) for full year 2024, marking a 4.5% decrease from the €152.4bn recorded in 2023. Net profit for the year 2024 also saw a decline, reaching €10.4bn from €14.5bn in 2023. In the Q4 2024, the company's revenue declined by 3.8% year-on-year to €38.4bn, while profit attributable to shareholders of Mercedes-Benz Group dropped by 20.3% to €2,484m. In the fourth quarter, Mercedes-Benz Cars sold 520,140 units, up 1.1% compared to the year before, while Mercedes-Benz Vans' sales dropped by 15%, to 105,687 units. In 2024, the firm's free cash flow of the industrial business was reported at €9.2bn, down from €11.3bn in the previous year. Earnings per share (EPS) followed a similar downward trend in 2024, decreasing by 24.3% to €10.19. The Mercedes-Benz Cars division reported an adjusted EBIT of €8.7bn, a decline from €14.3bn in 2023, primarily due to lower sales volumes, particularly in China, negative net pricing, and an unfavourable model mix. Mercedes-Benz Vans recorded an adjusted EBIT of €2.8bn, compared to €3.1bn in 2023 while Mercedes-Benz Mobility, which provides financial services for the group's vehicle divisions, maintained a strong presence with a total portfolio of €138.1bn, up from €135bn in 2023. The company has announced plans to repurchase up to €5bn of its own shares over a 24-month period, subject to renewal of the necessary authorisation at the Annual General Meeting in May 2025. Looking ahead, Mercedes-Benz anticipates group revenue in 2025 to be slightly below the prior-year level, with group EBIT expected to decline significantly. The company's product roadmap includes several key launches starting in 2025, beginning with the CLA model. As part of its strategic plan, known as Next Level Performance, Mercedes-Benz is aiming to enhance revenue quality, improve efficiency across its global production footprint, and optimise cost structures. The company has set a target to reduce production costs by 10% by 2027 through closer collaboration with suppliers and ongoing fixed-cost reductions. Mercedes-Benz also intends to implement a unified technology platform across its portfolio, integrating infotainment and Advanced Driver Assistance Systems (ADAS) to provide a consistent user experience. Mercedes-Benz Group CEO Ola Kaellenius said: 'Mercedes-Benz Group delivered solid results in a very challenging environment thanks to a range of outstanding products and strict cost discipline. 'To ensure the company's future competitiveness in an increasingly uncertain world, we are taking steps to make the company leaner, faster and stronger, while readying an intense product launch campaign for multiple new vehicles starting with the all new CLA.' "Mercedes-Benz Group reports decline in revenue and profit for 2024" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
