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luglio 27, 2022 - Mercedes-Benz

Mercedes-Benz Q2 profit increase driven by strong demand and favourable model mix

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Jul 27, 2022 Stuttgart

  • Desirable products: Strong demand across Europe, U.S. and China with high order backlog; favourable net pricing and model mix
  • Solid profitability: Adjusted Return on Sales (RoS) at #mercedesbenz Cars in Q2 reaches 14.2% (Q2 2021: 12.8%), 10.1% at #mercedesbenz Vans (Q2 2021: 11.4%) and an adjusted Return on Equity (RoE) of 17.1% at #mercedesbenz Mobility (Q2 2021: 24.0%)
  • Strategy on track: Despite a semiconductor-induced 7% fall in sales, revenue at #mercedesbenz Cars up 8% and adjusted EBIT up 20%
  • Resilience enhanced: #mercedesbenz reduced gas consumption in addition to managing the semiconductor shortage and COVID-related logistics restrictions
  • Transformation milestones: European production network for passenger cars readied for reshaped all-electric product portfolio; EQE sales started and EQS SUV production ramped up
  • Outlook raised: #mercedesbenz Group revenue seen “significantly above” prior-year level and Group EBIT now seen “slightly above” prior-year level; Free cash flow of the industrial business now seen “at prior-year” level; #mercedesbenz Cars adjusted Return on Sales (RoS) for 2022 seen at 12% to 14%

Mercedes-Benz Group AG (ticker symbol: MBG) achieved strong second-quarter #financialresults, thanks to sustained demand for luxury vehicles and premium vans, a good model mix, enhanced pricing power and ongoing cost discipline. As a result, the adjusted Return on Sales at #mercedesbenz Cars rose to 14.2% in the quarter and reached 10.1% at #mercedesbenz Vans, despite the COVID lockdowns, the ongoing semiconductor supply-chain bottlenecks and war in Ukraine.

“The team at #mercedesbenz delivered another strong quarter in an uncertain environment. We are enhancing our vigilance and resilience to manage increasingly complex macroeconomic and geopolitical challenges. At the same time, we have good reasons to remain confident, with ongoing strong demand, a fresh vehicle portfolio and further key product launches this year,” said Ola Källenius, Chief Executive Officer of #mercedesbenz Group AG.

Group revenue rose by 7% to €36.4 billion (Q2 2021: €34.1 billion) and adjusted EBIT increased by 8% to €4.9 billion (Q2 2021: €4.6 billion) as the company’s focus on Top-End Luxury vehicles, battery electric vehicles (BEV) and premium vans as well as a relentless focus on costs, helped to offset lower sales and higher raw material costs.

In the wake of heightened geopolitical tensions following Russia’s attack on Ukraine, #mercedesbenz has sought to safeguard supply chains and to maximise the potential for reducing or substituting the use of natural gas in vehicle production. For example, #mercedesbenz has established that in Sindelfingen, where the EQS, S-Class and Mercedes-Maybach are produced, the paint shop could operate without gas supply in an emergency mode. #mercedesbenz sees a gas reduction potential of around 50% in Germany without impact if regional pooling is possible. The company’s long-term goal is to switch from gas to electricity and other renewable energy sources.

In addition to making #mercedesbenz more weatherproof against geopolitical and macroeconomic headwinds, the company continues to transform at full speed towards an all-electric future. For example: in June, the #mercedesbenz VISION EQXX beat its own efficiency record and drove more than 1,200 kilometres on a single charge under real-world conditions. The EQS SUV was presented and the EQE was launched in the market. And that’s after #mercedesbenz, in consultation with its employee representatives, recalibrated its European production network for passenger cars to manufacture its reshaped product portfolio focused on luxury electric vehicles.

Further information in the press release to download

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