Mercedes-Benz Group Ag Unsponsored Adr ( (MBGYY) ) has released its Q4 earnings. Here is a breakdown of the information Mercedes-Benz Group Ag Unsponsored Adr presented to its investors.
Mercedes-Benz Group AG, a leading player in the automotive industry, specializes in high-end passenger cars and premium vans, with a focus on innovative and sustainable mobility solutions.
In its latest earnings report, Mercedes-Benz Group AG reported solid financial results for 2024, despite a challenging market environment. The company unveiled a comprehensive product and performance enhancement plan aimed at strengthening its resilience and competitiveness.
Key financial metrics from the report include a group revenue of €145.6 billion and an EBIT of €13.6 billion, both reflecting a decrease from the previous year. The company’s free cash flow from the industrial business stood at €9.2 billion. Mercedes-Benz announced a proposed dividend of €4.30 per share and a new share buyback program worth up to €5 billion.
The company also introduced the ‘Next Level Performance’ initiative to enhance performance and reduce costs, with plans to launch a series of new and upgraded vehicle models starting in 2025. Despite a decline in unit sales and EBIT across its divisions, Mercedes-Benz remains focused on leveraging growth through direct sales channels and improving customer experience.
Looking ahead, Mercedes-Benz Group expects a challenging market environment with group revenue and EBIT anticipated to be slightly and significantly below prior-year levels, respectively. The company remains committed to its strategic goals of enhancing production efficiency and expanding its electrified vehicle offerings.