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4/27, 7:18 AM (Source: TeleTrader)
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Mercedes-0.46%

54.52
Chart for: MERCEDES-BENZ GROUP AG NA O.N.

Mercedes-Benz Q1 revenue up 6% to €34.9B

Mercedes-Benz reported its first-quarter earnings results on Wednesday, noting that the company's revenue annually increased by 6% to reach €34.9 billion. The car giant reported that its earnings before interest and taxes (EBIT) were €5.2 billion, an increase of 11% compared to the year before.

The carmaker revealed a net profit of €3.6 billion in the first trimester of 2022, while the earnings per share amounted to €3.26. The number of Mercedes-Benz Cars sold was 487,000 lower than the year before. Compared to the year earlier, the company sold 88,500 units of Mercedes-Benz Vans in the first quarter of this year.

"Our sharpened focus on desirable top-end and electric vehicles, combined with ongoing cost discipline, allowed us to deliver strong earnings despite numerous headwinds," noted Member of the Board of Management of Mercedes-Benz Group Harald Wilhelm.

Baha Breaking News (BBN) / AB