Mercedes- Benz has increased its net profit by 34% in 2022, to 14.8 billion euros. However, the German manufacturer remains cautious for the new year, forecasting stable revenues and a slightly lower operating profit.
“The good results underline the improvement in profitability, even though the COVID-19 pandemic, shortages in the semiconductor supply chain, as well as the impact of Russia’s war on Ukraine continued to affect business,” the car brand said in a press release.
Mercedes-Benz’s operating profit rose 28 % to 20.4 billion euros, exceeding the estimates of analysts surveyed by Facset (a financial data management company). They were expecting a profit of 19.6 million euros.
The adjusted margin of its Cars division reached 14.6 percent, 1.5 percentage points higher than the previous year and in line with the group’s targets.
Overall, the premium car brand sold more than two million vehicles in 2022, up 5% from 2021. These were driven by the premium segment (+8%) and in particular by the S-Class model (+6%) . In 2022, more than 19,000 vehicles of this model were delivered to customers, with strong demand from the US.
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