Advancing Its Product Launch Programme, Mercedes-Benz Cars Performs in Line With Guidance; Strong Earnings at Financial Services and Vans; Full-year Outlook Confirmed
Mercedes-Benz Cars: adjusted return on sales of 4.0% within guidance; reported return on sales reflecting intensified market environment in China and macroeconomic headwinds
Product launch momentum builds: Mercedes-Benz Cars BEV sales increased by 51% year-on-year, including growth of 87% in Europe
Benchmark performance at Mercedes-Benz Vans: adjusted return on sales of 10.2% at the upper end of the guidance range; all-electric van sales rose by 46% year-on-year
Strong Mercedes-Benz Financial Services results: adjusted EBIT increased by 70% year-on-year to €492 million, driven by higher portfolio margins and lower operating expenses; adjusted return on equity increased significantly to 15.3%
