Mercedes-Benz Group AG

MBG

Equity

ISIN DE0007100000 / Valor 945657

Xetra (2024-09-17)

EUR 57.17+1.11%

Mercedes-Benz Group AG
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About company

Mercedes-Benz Group AG, formerly known as Daimler AG, stands as a prominent figure in the global automotive industry. The company specializes in the manufacturing and distribution of high-end passenger cars and premium vans under the Mercedes-Benz brand, a name synonymous with luxury and innovation in the automotive sector. Beyond vehicle production, Mercedes-Benz Group AG extends its expertise into financial services through Mercedes-Benz Mobility AG. This subsidiary provides a comprehensive suite of services including financing, leasing, car subscriptions, and rentals, alongside fleet management solutions. It also delves into digital services aimed at enhancing the user experience with features for charging and payment, insurance brokerage, and a range of innovative mobility services designed to meet the evolving needs of modern consumers. Through these diversified business areas, Mercedes-Benz Group AG demonstrates a commitment to not only leading in automotive excellence but also in facilitating a seamless and integrated mobility ecosystem.

Summarized from source with an LLMView SourceSector: Consumer Cyclicals

Free Cash Flow

Mercedes-Benz Group AG reported Free Cash Flow from the industrial business at a solid €2.23 billion in the first quarter of 2024, compared to €2.16 billion in Q1 2023. This was achieved through strong cash conversion and positive working capital developments.

Group EBIT

Group Earnings Before Interest and Taxes (EBIT) for Mercedes-Benz Group AG totaled €3.9 billion in Q1 2024, down from €5.5 billion in Q1 2023. This decline was influenced by lower raw material prices, tight cost control, and a strong performance at Mercedes-Benz Vans, which partially offset lower sales at Mercedes-Benz Cars.

Revenue

Mercedes-Benz Group AG's revenue for the first quarter of 2024 came in at €35.9 billion, a decrease from €37.5 billion in Q1 2023. The revenue decline was attributed to supplier bottlenecks and model changeovers in the Top-End segment of Mercedes-Benz Cars.

Mercedes-Benz Cars

Earnings Before Interest and Taxes at Mercedes-Benz Cars reached €2.5 billion in Q1 2024, down from €4.1 billion in Q1 2023. The adjusted Return on Sales was 9.0%, compared to 14.8% in the previous year, mainly due to a temporary decline in volumes and model transitions in the Top-End segment.

Mercedes-Benz Vans

Mercedes-Benz Vans posted strong financial results in Q1 2024, with an adjusted Return on Sales rising to 16.3% from 15.6% in Q1 2023. Global sales increased by 7%, driven by a positive product structure, especially from commercial Vans, and revenue increased by 6% to €4.9 billion.

Summarized from source with an LLMView Source

Key figures

-14.9%1Y

-19.9%3Y

21.1%5Y

Performance

21.2%1Y

32.5%3Y

38.2%5Y

Volatility