- Mercedes adjusts its FY Cars return on sales forecast to a narrower range of 10% to 11%.
- Mercedes raises its FY Vans return on sales forecast to 14% to 15%.
- Q2 results show Cars adjusted EBIT at EU2.76 billion, a 28% decrease year-on-year (y/y); estimate was EU2.83 billion.
- Vans adjusted EBIT for Q2 is EU834 million, a 5.3% increase y/y; estimate was EU742.9 million.
- Mobility adjusted EBIT for Q2 is EU271 million, a 40% decrease y/y; estimate was EU295.9 million.
- Q2 Cars adjusted return on sales is 10.2%, down from 13.5% y/y; estimate was 10.3%.
- Vans adjusted return on sales for Q2 is 17.5%, up from 15.5% y/y; estimate was 15.4%.
- Overall Q2 sales are EU36.74 billion, a 3.9% decline y/y; estimate was EU37.22 billion.
- Q2 Cars sales are EU27.17 billion, a 3.8% decline y/y; estimate was EU27.4 billion.
- Q2 Vans sales are EU4.77 billion, a 6.8% decline y/y; estimate was EU4.84 billion.
- Q2 Mobility sales are EU6.35 billion, a 2.4% decline y/y; estimate was EU6.38 billion.
- Overall Q2 EBIT is EU4.04 billion, a 19% decline y/y; estimate was EU3.99 billion.
- Q2 Cars EBIT is EU2.76 billion, a 28% decline y/y; estimate was EU2.81 billion.
- Q2 Vans EBIT is EU830 million, a 3% increase y/y; estimate was EU742.3 million.
- Q2 Mobility EBIT is EU271 million, a 58% increase y/y; estimate was EU285.5 million.
- Q2 net income is EU3.06 billion, a 16% decline y/y; estimate was EU2.93 billion.
- Industrial free cash flow for Q2 is EU1.63 billion, a 52% decline y/y.
- Q2 R&D expenses are EU2.30 billion, a 4.2% decline y/y; estimate was EU2.43 billion.
- Mercedes-Benz Group confirms its overall group guidance for the year, expecting revenue to stay at the prior-year level.
- Group EBIT is expected to be slightly below the prior-year level due to divisional guidance.
A look at Mercedes-Benz Group Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Mercedes-Benz Group AG, a leading automobile company, is positioned for long-term success based on its impressive Smartkarma Smart Scores. With top scores in Value and Dividend, the company showcases strong financial health and a commitment to rewarding its shareholders. Additionally, its solid Growth score reflects a promising future in terms of expanding market presence and revenue generation. Although facing challenges in Resilience and Momentum, Mercedes-Benz Group’s overall outlook remains positive, underpinned by its robust core business of designing, manufacturing, and distributing a diverse range of automotive products from passenger cars to commercial vehicles.
Mercedes-Benz Group’s exceptional performance in key factors such as Value and Dividend underscores its stability and attractiveness as an investment opportunity. While improvements in Resilience and Momentum could further enhance its long-term prospects, the company’s solid foundation and strategic positioning in the automotive industry provide a strong basis for continued success. Investors may find Mercedes-Benz Group a compelling choice for sustainable growth and reliable returns, supported by its wide product range and value-driven approach to business.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
