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Strategic Divestitures and Investments Mark the Year's Financial Landscape

Transcript of Webcast and Q&A session of Knorr-Bremses Q3 2023 financial results Date: October 31, 2023 Operator: Dear Ladies and...

Transcript of Webcast and Q&A session of Knorr-Bremses Q3 2023 financial results Date: October 31, 2023 Operator: Dear Ladies and...

STUTTGART, Germany--(BUSINESS WIRE)--Oct 26, 2023--

STUTTGART, Germany--Mercedes-Benz Group AG (ticker symbol: MBG) achieved solid third-quarter results in a subdued market environment marked by intense price competition, particularly in the electric vehicle segment. Earnings Before Interest and Taxes (EBIT) reached €4.8 billion (Q3 2022: €5.2 billion) as improved net pricing at Mercedes-Benz Cars and a rise in sales of premium vans helped to partially offset higher inflation, currency effects and supply-chain related costs.

Solid profitability: Adjusted Return on Sales reaches 13.5% at Mercedes-Benz Cars and 15.5% at Mercedes-Benz Vans ; adjusted Return on Equity of 12.8% at Mercedes-Benz Mobility Top-End...

Solid performance despite macro uncertainty: Q1 Group EBIT up 5% to €5.5 billion (Q1 2022: €5.2 billion) as Group revenue rose 8% to €37.5 billion (Q1 2022: €34.9 billion) Resilience underlined

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