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chip crisis? No way: Mercedes-Benz is doing better than ever

2022-02-24T10:17:18.650Z


chip crisis? No way: Mercedes-Benz is doing better than ever Created: 02/24/2022Updated: 02/24/2022 11:12 am By: Patrick Freiwah Mercedes star in the open air: The group presented a surprisingly positive result for the past year. © Arnulf Hettrich/Imago Mercedes-Benz came through the corona pandemic unexpectedly well. The Swabians have also dealt with the lack of semiconductors better than exp


chip crisis?

No way: Mercedes-Benz is doing better than ever

Created: 02/24/2022Updated: 02/24/2022 11:12 am

By: Patrick Freiwah

Mercedes star in the open air: The group presented a surprisingly positive result for the past year.

© Arnulf Hettrich/Imago

Mercedes-Benz came through the corona pandemic unexpectedly well.

The Swabians have also dealt with the lack of semiconductors better than expected.

Stuttgart - Corona and the resulting chip crisis have apparently not done much to Mercedes-Benz: After a massive jump in profits, the car company is increasing the dividend for shareholders significantly.

At 23 billion euros, net profit last year was a good six times higher than a year earlier, the Dax company* explained.

An important reason for the positive result: a positive valuation effect worth billions from the spin-off of the heavy commercial vehicle business.

The dividend is now expected to rise from EUR 1.35 per share for the previous year, which was burdened by corona lockdowns, to a surprisingly high EUR 5.00.

Despite falling car sales, sales rose by 9 percent to 168 billion euros.

Mercedes-Benz with mega profits - high-margin models as a recipe for success

Mercedes-Benz had already presented key data on day-to-day business - the Stuttgart company benefited in particular from high sales prices for new and used cars.

This also has something to do with the delivery problems of the chip crisis: Due to the lack of semiconductors, the focus was on high-margin models, while buyers of cheaper vehicles had to accept longer delivery times.

Until the spin-off in December 2021, the Mercedes-Benz group figures also included the now independent commercial vehicle manufacturer Daimler Truck.

In the course of this, a change of name took place - because Daimler AG is history:

Rival Tesla also made huge profits in 2021 - despite the chip crisis.

But it turns out that Elon Musk's company just didn't include a key auto part*.

(PF with dpa material)

*Merkur.de is an offer from IPPEN.MEDIA

Source: merkur

All news articles on 2022-02-24

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