Mercedes-Benz raises earnings outlook as supply issues ease

  • 📰 Reuters
  • ⏱ Reading Time:
  • 53 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 97%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Mercedes-Benz forecast a subdued world economy with monetary policy weighing on consumers but said supply chain issues and energy price pressures were easing, as it raised its group earnings outlook for the full-year.

it was struggling weekly with supply chain problems particularly on key components for EVs.

Still, the outlook for the Mercedes-Benz cars segment of 12%-14% returns on unit sales and revenue at prior level remained unchanged, but property, plant and equipment as well as research and development expenditures will rise, the company said. Mercedes-Benz had set a cautious tone at the beginning of the year on warnings of a sluggish economy but was slightly more optimisticFull-year earnings before interest and tax are now expected to be on par with the 20.5 billion euros made in 2022, it said on Thursday, having previously expected a slight decline.

Mercedes-Benz Vans' outlook for adjusted return on sales was raised to 13% to 15% in 2023, up from 11% to 13% previously forecast, marking the second outlook upgrade in less than three months after a significant increase in sales in the second quarter.as a result of high demand for all-electric and top-end vehicles, posting growth in Europe, Asia and North America.Victoria WalderseeAutos correspondent in Germany, covering the industry's transition to electric vehicles.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines