Mercedes-Benz Group Posts Some Strong 2021 Results

Ken Zino of on Mercedes-Benz Group Posts Some Strong 2021 Results

Mercedes-Benz says the use of standardized battery platforms and scalable vehicle architectures – with advances in battery technology – will contribute to variable cost reductions of vehicles. This of course is the business plan of all major automakers.

Mercedes-Benz Group, previously Daimler AG, today posted some positive financial results for the year 2021 based on preliminary unaudited figures. At the current point – due to various effects of the de-consolidation of the Daimler commercial vehicle business – group financials are not yet available. (AutoInformed: Daimler Truck Receives Investment Grade Ratings; Shareholders Vote to Spin-off of Daimler Truck, Rename Daimler AG to Mercedes-Benz Group)

However, the Mercedes-Benz Cars & Vans segment has exceeded the guidance range of 10-12% and now expects an adjusted Return on Sales of 12.7% in the full year. Despite the ongoing semiconductor shortages, during Q4 Mercedes-Benz Cars & Vans showed an adjusted Return on Sales of 15.0%, driven by high net pricing, good product mix and favorable used car performance. The strong profitability of the car business also translated into a solid industrial free cash flow exceeding the company guidance.

Financial Year 2021 Unaudited Results

  • Mercedes-Benz Cars & Vans expects an adjusted EBIT in the magnitude of 14.0bn Euros and an adjusted Return on Sales of approximately 12.7% The forecast was 10-12%.
  • Mercedes-Benz Mobility reached an adjusted EBIT of ~3.4B Euros and an adjusted Return on Equity (RoE) of approximately 22.0%. (forecast 20-22%)
  • Industrial Free Cash Flow in the new group structure (segment Daimler Trucks & Buses included until December 09th, 2021) is now expected at prior year level, in the vicinity of 8.5B Euros (forecast – slightly below previous year)

The Annual Results Conference for the financial year 2021 will be on February 24th, 2022. The Annual Report 2021 will be released on March 11th, 2022.

This entry was posted in financial results, mobility company and tagged , , , , . Bookmark the permalink.

1 Response to Mercedes-Benz Group Posts Some Strong 2021 Results

  1. Pingback: Mercedes-Benz to Increase Focus as a Luxury Car Company | AutoInformed

Leave a Reply

Your email address will not be published.