Articles from Mercedes-Benz Group AG

The Board of Management of Mercedes-Benz Group AG (ticker symbol: MBG) is creating a new position of Chief Executive Officer North America to further intensify its engagement with U.S. customers and the economy and to elevate the importance of the United States in its global business plans.

Mercedes-Benz Group AG (ticker symbol: MBG) delivered solid financial results for 2024 and unveiled its biggest ever product and tech launch program as well as performance enhancement measures designed to deliver exceptional value to customers and shareholders.

Mercedes-Benz Group AG (ticker symbol: MBG) delivered solid financial results for 2024 and unveiled a multi-year product and performance enhancement plan to strengthen the company’s resilience.

The Supervisory Board of Mercedes-Benz Group AG has decided on changes to the company's Board of Management. In 2025, Mercedes-Benz will bid farewell to the highly esteemed board members Sabine Kohleisen, Renata Jungo Brüngger, and Hubertus Troska as their contracts expire and they retire. They have significantly shaped the company over many years with their dedication and expertise. With the appointment of the new board members Mathias Geisen, Oliver Thöne, and Olaf Schick, a rejuvenation of the Board of Management is initiated and, at the same time, the consistent transformation of the company is continued.

Mercedes-Benz Group AG generated solid sales in the third quarter despite product transitions, a challenging market environment and fierce competition, particularly in China. Continued Free Cash Flow generation from the industrial business reached €2.39 billion for Q3 (Q3 2023: €2.35 billion) supported by favourable working capital development. Net liquidity reached €28.73 billion (Q3 2023: €28.49 billion).

At the New York Climate Week, Mercedes-Benz and Hydro elevate their strategic partnership by enhancing the vertical integration of their aluminum supply chain and launching the long-term Corridor Program for a sustained development in the Amazon. Following their joint decarbonization roadmap Mercedes-Benz and Hydro signed a Memorandum of Understanding (MoU) to collaborate with local NGOs and partners in the state of Pará, Brazil. Their goals include promoting human rights, generating income for local communities, fostering biodiversity and low-carbon value chains in the Brazilian Amazon.

Mercedes-Benz Group AG (ticker symbol: MBG) achieved solid second-quarter results with Group Earnings Before Interest and Taxes (EBIT) of €4.0 billion (Q2 2023: €5.0 billion) supported by operational efficiency and a focus on healthy sales of cars and vans in a challenging environment. The adjusted Return on Sales (RoS) at Mercedes-Benz Cars reached 10.2% (Q2 2023: 13.5%) and 17.5% (Q2 2023: 15.5%) at Mercedes-Benz Vans. Group revenue reached €36.7 billion (Q2 2023: €38.2 billion) in the quarter.

At the Mercedes-Benz Group AG (ticker symbol: MBG) Annual General Meeting for the financial year 2023, the company outlined its strategic progress as a maker of desirable cars and vans. Shareholders approved all of the items on the agenda of the Annual General Meeting.

Mercedes-Benz Group AG (ticker symbol: MBG) reported Free Cash Flow from the industrial business at a solid €2.23 billion (Q1 2023: €2.16 billion) in the first quarter with strong cash conversion including positive working capital developments. Group Earnings Before Interest and Taxes (EBIT) totalled €3.9 billion (Q1 2023: €5.5 billion), reflecting lower raw material prices, tight cost control and a strong performance at Mercedes-Benz Vans. These effects partially offset lower sales at Mercedes-Benz Cars where supplier bottlenecks and model changeovers in the Top-End segment also led to a less favourable model mix. Group revenue came in at €35.9 billion (Q1 2023: €37.5 billion).

At its third annual ESG Conference, Mercedes-Benz demonstrates commitment to achieving ambitious and measurable goals. Driven by tomorrow and a clear focus on the entire value chain, Mercedes‑Benz firmly embeds sustainability considerations in the daily business. One aspect is the continued global expansion of the electric passenger car portfolio, targeting an up to 50 percent share of xEVs in the new vehicle fleet in the second half of the decade. And by the end of the decade, the aim is to reduce production CO2 emissions by 80 percent1. Furthermore, the ambition is to run all fully owned Mercedes-Benz production sites worldwide on 100 percent renewable energies by 2039. By pairing strategic focus with tactical flexibility in this regard, the company remains on course towards a sustainable future on an ecological and economic level. Also, relevant initiatives with respect to social and governance aspects throughout the whole company contribute to a holistic sustainability approach. This includes various measures with which Mercedes-Benz contributes to a "Just Transition", for example our sustainable people plan and several measures, strengthening human rights in the company and along the value chain. By establishing a coordination role for sustainability in the Board of Management in 2023, Mercedes-Benz has strengthened its governance approach to orchestrate its company-wide sustainability management even more systematically and consistently.

Mercedes-Benz Group AG (ticker symbol: MBG) achieved solid 2023 financial results. A sharpened focus on desirable cars and vans combined with ongoing cost discipline resulted in Group Earnings Before Interest and Taxes (EBIT) of €19.7 billion (2022: €20.5 billion), and revenues of €153.2 billion (2022: €150.0 billion). For 2023, Mercedes-Benz Cars delivered an adjusted Return on Sales (RoS) of 12.6%, Mercedes-Benz Vans an adjusted RoS of 15.1%, and Mercedes-Benz Mobility an adjusted Return on Equity (RoE) of 12.3%, in a challenging environment marked by supply-chain constraints as well as geopolitical and macroeconomic volatility.

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. Revenue fell 1.4% to €37.2 billion (Q3 2022: €37.7 billion) in part because passenger car sales were around 5% lower in the quarter, due to a supplier-induced shortage of 48-volt systems.

The Supervisory Board reappointed Ola Källenius (54) as Chairman of the Board of Management of Mercedes-Benz Group AG until May 21, 2029, at its meeting today. It also extended the contract of Markus Schäfer (58) until May 21, 2026. As Chief Technology Officer, Markus Schäfer is the Board of Management member responsible for Development & Procurement.

Mercedes-Benz Group’s (ticker symbol: MBG) sharpened focus on sustainable growth through sales of desirable cars and premium vans, combined with tight cost control, lifted second-quarter Earnings Before Interest and Taxes (EBIT) by 8% to €5.0 billion (Q2 2022: €4.6 billion) and revenue by 5% to €38.2 billion (Q2 2022: €36.4 billion).

The shareholders of Mercedes-Benz Group AG (ticker symbol: MBG) approved all of the items on the agenda of the Annual General Meeting.

At the Mercedes-Benz Group AG (ticker symbol: MBG) Annual Meeting for the financial year 2022 the company outlines its strategic progress while delivering strong financial results and shareholder returns.

Mercedes-Benz Group AG (ticker symbol: MBG) achieved healthy first quarter financial results thanks to a rise in sales of Top-End vehicles and premium vans. Improved pricing outweighed headwinds from material costs. Together with higher sales, as well as a favorable product mix, it resulted in Earnings Before Interest and Taxes (EBIT) of €5.5 billion (Q1 2022: €5.2 billion). First-quarter revenue increased 8% to €37.5 billion (Q1 2022: €34.9 billion) and adjusted EBIT rose to €5.4 billion (Q1 2022: €5.3 billion). Six consecutive quarters of delivering double-digit margins demonstrate resilience and a structurally uplifted business performance.

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.

At its meeting today, the Supervisory Board of Mercedes-Benz Group AG reappointed Renata Jungo Brüngger (61) until the end of 2024. Renata Jungo Brüngger has been a member of Mercedes-Benz Group AG’s Board of Management since January 1, 2016, responsible for Integrity and Legal Affairs and Co-Chair of the Group Sustainability Board.

Mercedes-Benz Group AG (ticker symbol: MBG) delivered solid financial results in the third quarter of 2022 as robust demand and healthy pricing for cars and vans, as well as cost discipline, helped to lift Earnings Before Interest and Taxes (EBIT) by 83% to €5.2 billion (Q3 2021: €2.8 billion). Group revenue increased by 19% to €37.7 billion (Q3 2021: €31.6 billion). The adjusted Return on Sales at Mercedes-Benz Cars reached 14.5% and 12.7% at Mercedes-Benz Vans.

Mercedes-Benz Group AG (ticker symbol: MBG) achieved strong second-quarter financial results, thanks to sustained demand for luxury vehicles and premium vans, a good model mix, enhanced pricing power and ongoing cost discipline. As a result, the adjusted Return on Sales at Mercedes-Benz Cars rose to 14.2% in the quarter and reached 10.1% at Mercedes-Benz Vans, despite the COVID lockdowns, the ongoing semiconductor supply-chain bottlenecks and war in Ukraine.

Mercedes-Benz takes another major step in building the world’s most desirable electric cars. The inventor of the automobile today announced that it will work with Sila, a next-generation battery materials company, to incorporate Sila’s silicon anode chemistry in batteries which are optionally available for the first time in the upcoming electric Mercedes-Benz G-Class. This will add another innovative cell chemistry to the Mercedes-Benz battery portfolio.

Mercedes-Benz Group AG:

At its first Annual Meeting under a new corporate structure as Mercedes-Benz Group AG (stock exchange code: MBG), the brand with the three-pointed star reasserted its claim to leadership in the automotive luxury segment. In addition to accelerating electrification and digitalization, the company’s transformation continues with a relentless focus on improving financial robustness.

Mercedes-Benz Group AG (ticker symbol: MBG) achieved strong financial results in the first quarter of 2022, boosted by pricing power, the sharpened focus on top-end vehicles and premium vans, combined with ongoing cost discipline. These measures helped to lift the adjusted Return on Sales at Mercedes-Benz Cars to 16.4% and to 12.6% for Mercedes-Benz Vans even as the COVID-19 pandemic, semiconductor supply-chain bottlenecks and war in Ukraine continued to impact business.

Mercedes-Benz Group AG (ticker symbol: MBG) achieved strong financial results for the fiscal year 2021 ended December 31, while accelerating its strategy as a pure-play manufacturer of desirable cars and vans.

Daimler AG will become Mercedes-Benz Group AG on February 1, 2022. Following the successful stock market debut of Daimler Truck, the Group’s renewed focus on the automotive business is being underlined with a new name. The world-famous brand Mercedes-Benz was created in 1926 when the predecessor companies of Carl Benz and Gottlieb Daimler were merged with the aim of revolutionizing automobile production. The two pioneers had already presented their ground-breaking inventions independently of each other in 1886, heralding the beginning of the automotive age. In the course of the renaming of Daimler AG to Mercedes-Benz Group AG, the company's stock exchange symbol also changes from »DAI« to »MBG«. There will be no further changes for the shareholders. The shares of the Mercedes-Benz Group AG will remain listed on Germany’s blue-chip DAX stock index.