In the core business with cars, the DAX group now expects the return on sales before interest and taxes adjusted for special effects at the upper end of the forecast range of 12 to 14 percent, as it announced on Friday in Stuttgart. In the case of delivery vans, the management team around boss Ola Källenius is raising the outlook to an operating margin of 11 to 13 percent, previously a return on sales of 9 to 11 percent had been planned. For the entire group, the previously envisaged targets for sales, earnings before interest and taxes and cash inflow remain. Mercedes-Benz had already presented preliminary figures last week, thereby exceeding the expectations of market analysts.
Mercedes-Benz earned more in the first quarter thanks to expensive cars
The carmaker Mercedes-Benz benefited from the demand for expensive cars in the first three months of the year and made more profit. The consolidated result increased by 12 percent to 4.01 billion euros, as the DAX group announced on Friday in Stuttgart. As already known, sales of cars had risen by 3 percent overall, but thanks to the good run of luxury cars, sales climbed more strongly by 8 percent to 37.52 billion euros. Mercedes was able to charge higher prices on average and thus more than compensate for higher material costs. Before interest and taxes and adjusted for special costs, the operating result rose by 2 percent to 5.42 billion euros. Mercedes had already presented preliminary figures last week, which the company has now confirmed.
STUTTGART (dpa-AFX)
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