Investments, free cash flow and liquidity In addition, Mercedes-Benz announced plans to launch a global high-power charging network across North America, Europe, China and other key markets. An annual supply agreement for an average 10,000 tons of lithium hydroxide from Canadian-German start-up Rock Tech Lithium Inc. Mercedes-Benz will source battery cells from a new factory built by Contemporary Amperex Technology Co., Ltd (CATL) in Debrecen, Hungary. To scale manufacturing of zero-emission vehicles, the Mercedes-Benz cars and vans production network was retooled, and new deals with suppliers were struck. Mercedes-Benz expanded its offering of battery electric vehicles to 9 cars and 4 vans, including the new EQS SUV and EQE SUV and most recently unveiled a new eSprinter. The next chapter in our transformation will be revealed during the Mercedes-Benz Strategy Update in California on February 22 focusing on the Mercedes-Benz Operating System (MB.OS).“įree cash flow (industrial business) adjusted** “In addition to delivering strong financial results, the team accelerated our pace as a technology leader in electric and automated driving. We cannot control macro or world events, but 2022 is a case in point that we are moving in the right direction,” said Ola Kaellenius, Chief Executive Officer of Mercedes-Benz Group AG. ”We have redesigned Mercedes-Benz to be a more profitable company thanks to our focus on desirable products and disciplined margin and cost management. Strong results underline the improved profitability, even as the COVID-19 pandemic and semiconductor supply-chain bottlenecks and the fallout from Russia’s war against Ukraine continued to affect the business. In its first year after the Daimler Truck spin-off, Mercedes-Benz Group continued its transformation amid geopolitical and macroeconomic challenges. STUTTGART, Germany-( BUSINESS WIRE)-Mercedes-Benz Group AG’s (ticker symbol: MBG) sharpened focus on high-end passenger cars and premium vans, combined with tight cost control, helped to lift Earnings Before Interest and Taxes (EBIT) by 28% to €20.5 billion (2021: €16.0 billion) last year, outpacing a 12% rise in revenue to €150.0 billion (2021: €133.9 billion) during the same period. Outlook 2023: Group revenue expected at prior-year level, EBIT seen slightly below 2022 level, Free Cash Flow (Industrial Business) at prior-year level, Mercedes-Benz Cars adjusted RoS seen in the range of 12%-14%, Mercedes-Benz Vans adjusted RoS seen at 9%-11% and Mercedes-Benz Mobility adjusted RoE at 12%-14%.Share buyback: Shares worth up to €4 billion to be repurchased over 2 years.Transformation continues: Announced global charging network, realigned production network to scale EVs, Level 3 conditionally automated driving approved in Nevada, new partnerships for sourcing raw materials and semiconductors established.Resilient operations: Mercedes-Benz Cars adjusted Return on Sales (RoS) reaches 14.6% (2021: 13.1%), 11.2% for Mercedes-Benz Vans (2021: 8.3%), and an adjusted Return on Equity (RoE) of 16.8% for Mercedes-Benz Mobility (2021: 22.0%) despite macro challenges.Profitable growth: Group EBIT substantially improved by 28% to €20.5 billion (2021: €16.0 billion) as revenue increased by 12% to €150.0 billion (2021: €133.9 billion).
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