September 29, 2022

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Mercedes-Benz ups its 2021 results guidance

Mercedes-Benz Team AG says it has achieved strong money effects in the year 2021 based on preliminary unaudited figures.

The business suggests the Mercedes-Benz Cars & Vans section has exceeded the steerage variety of 10 to 12% and now expects an adjusted Return on Income of 12.7% in the full year.

Regardless of ongoing semiconductor shortages, the fourth quarter of Mercedes-Benz Vehicles & Vans showed a potent modified Return on Income of 15.%, driven, it claims, by ‘solid internet pricing, good product or service blend and favourable utilized auto performance’.

The company also explained the strong profitability of the automobile business also translated into a strong industrial totally free hard cash stream exceeding the enterprise steering.

“We go on to execute our tactic at total velocity. Our concentration on rewarding progress and value willpower merged with a attractive item lineup translated into powerful economic efficiency. As the world’s most precious luxurious car or truck manufacturer we are accelerating towards an all-electric, software-pushed long run,” mentioned Ola Källenius, Chairman of the Board of Management of Mercedes-Benz Group AG.

Mercedes issued the pursuing figures for the economical year 2021 which it claimed are preliminary and unaudited:

  • Mercedes-Benz Automobiles & Vans expects an altered EBIT in the magnitude of 14.0bn Euros and an modified Return on Product sales of about 12.7%. (former advice: 10 to 12%)
  • Mercedes-Benz Mobility reached an adjusted EBIT in the magnitude of 3.4bn Euros and an modified Return on Equity (RoE) of somewhere around 22.%. (past steering: 20 to 22%)
  • Industrial Absolutely free Cash Stream in the new group composition (segment Daimler Vehicles & Buses provided right until December 09th, 2021) is now envisioned at prior yr degree, in the vicinity of 8.5bn Euros. (past steerage: a little bit beneath previous yr)

The higher than predicted profitability supported the favourable cash stream growth, even though operating cash improved at 12 months stop mainly owing to decreased payables.

Mercedes mentioned it expects to have appreciable positive effects on Team EBIT in the fourth quarter from deconsolidation owing to the spin-off of the Daimler business car or truck business enterprise.

The business now expects this result on Team EBIT in the purchase of magnitude of 9 to 10bn Euros. This one particular-time EBIT outcome has no impact on the Hard cash Flow and no product affect on taxes. It is the standpoint of the administration that this pure valuation influence need to be excluded from the basis for analyzing the dividend proposal.

The Annual Outcomes Convention for the economic 12 months 2021 will be on February 24th, 2022. The Yearly Report 2021 will be disclosed on March 11th, 2022.