The Limited Times

Now you can see non-English news...

Mercedes-Benz Group, 2023 revenues 153.2 billion euros, +2% - Industry and Analysis

2024-02-22T09:13:49.832Z

Highlights: In 2023 the Mercedes Group saw revenues grow by 2%, reaching 153.2 billion euros. A number of factors, including the 21% increase in research and development expenses, led to a 4% reduction in earnings before interest and taxes. Overall, sales of Mercedes-Benz Cars and Vans increased by 1.5% to 2,491,800 vehicles, with the percentage of electric models increasing by +61% to 240,700 units. In light of these results, the management board and the supervisory board will propose to the annual general meeting (scheduled for 8 May 2024) a dividend of 5.30 euros per share.


Despite a geopolitical and macroeconomic context that continues to be critical, in 2023 the Mercedes Group saw revenues grow by 2%, reaching 153.2 billion euros. (HANDLE)


Despite a geopolitical and macroeconomic context that continues to be critical, in 2023 the Mercedes Group saw revenues grow by 2%, reaching 153.2 billion euros.

But a number of factors, including the 21% increase in research and development expenses - it was explained today at the annual financial results conference in Stuttgart - led to a 4% reduction in earnings before interest and taxes ( Ebit) of the Group fell to 19.7 billion (in 2022 it had been 20.5).


    This prediction - it should be remembered - had already been highlighted in the 2023 conference on the 2022 results by Ola Kaellenius, CEO of Mercedes-Benz Group.


    The decline in the adjusted return on sales (RoS) of Mercedes-Benz Cars (12.6% versus 14.6% in 2022) is contrasted by the 15.1% obtained by Mercedes-Benz Vans (11.2% in 2022) .

Overall, sales of Mercedes-Benz Cars and Vans increased by 1.5% to 2,491,800 vehicles, with the percentage of electric models increasing by +61% to 240,700 units.


    In light of these results, the management board and the supervisory board will propose to the annual general meeting (scheduled for 8 May 2024) a dividend of 5.30 euros per share (it had been 5.20 in 2022).


    This proposal - it was underlined - also reflects the effect of increasing earnings per share (EPS) of the current share buyback programme.

Reproduction reserved © Copyright ANSA

Source: ansa

All tech articles on 2024-02-22

You may like

Life/Entertain 2024-02-22T07:23:16.073Z

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.