Reports revenue EUR 34.5B vs. EUR 37B last year. Continued Free Cash Flow generation from the industrial business reached EUR 2.39B for Q3 supported by favourable working capital development. Net liquidity reached EUR 28.73B. “The Q3 results do not meet our ambitions. Nonetheless Mercedes-Benz (MBGYY) continues to generate solid cash flows even in challenging times. We are taking a prudent view about market evolution going forward and we will step up all efforts on further efficiency increases and cost improvements across the business.” said CFO Harald Wilhelm.
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