Mercedes-Benz Group AG
ISIN: DE0007100000
WKN: 710000
19 September 2024 09:09PM

EQS-Adhoc: Mercedes-Benz Group AG adjusts full-year guidance for the year 2024 based on current market outlook

Mercedes-Benz Group AG · ISIN: DE0007100000 · EQS - adhoc news
Country: Germany · Primary market: Germany · EQS NID: 1991927

EQS-Ad-hoc: Mercedes-Benz Group AG / Key word(s): Change in Forecast
Mercedes-Benz Group AG adjusts full-year guidance for the year 2024 based on current market outlook

19-Sep-2024 / 21:09 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


 

Mercedes-Benz Group AG adjusts full-year guidance for the year 2024 based on current market outlook

Stuttgart, Germany - As a result of recent developments, Mercedes-Benz Group AG today adjusted its earnings outlook for the year 2024 for Mercedes-Benz Cars and Mercedes-Benz Group.

This was triggered by a further deterioration of the macroeconomic environment, mainly in China. GDP growth in China lost further momentum amid weaker consumption as well as the continued downturn in the real estate sector. This affected the overall sales volume in China including sales in the Top-End segment. Overall, the sales mix in the second half of 2024 is expected to remain unchanged versus the first half, and therefore weaker than originally expected.

Additionally, the second half of 2024 is expected to be impacted by various valuation adjustments. Furthermore, the dynamic pricing environment is expected to continue.

Therefore, Mercedes-Benz Group has updated its full-year outlook:

  • Mercedes-Benz Cars now expects the adjusted Return on Sales to be between 7.5% and 8.5% (previously: 10% to 11%). This implies an expected adjusted Return on Sales of around 6% for the second half of the year. The valuation adjustments are expected to have an impact of around 1 percentage point in the second half of this year.
  • Mercedes-Benz Vans’ expected adjusted Return on Sales (14% to 15%) and Mercedes-Benz Mobility’s expected adjusted Return on Equity (8.5% to 9.5%) remain unchanged.
  • Mercedes-Benz Group’s EBIT is now expected to be significantly below the prior year level (previously: slightly below the prior-year level).
  • Free cash flow of the industrial business for the Mercedes-Benz Group is now expected to be significantly below the prior-year level (previously: slightly below the prior-year level).

EBIT, adjusted Return on Sales, adjusted Return on Equity and free cash flow of the industrial business are defined on pages 41 and 59 of the Mercedes-Benz Group Annual Report 2023.




Contact:
Edward Taylor
Tel.: +49 176 30941776
E-Mail: edward.taylor@mercedes-benz.com


End of Inside Information

19-Sep-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: Mercedes-Benz Group AG
Mercedesstrasse 120
70372 Stuttgart
Germany
Phone: +49 (0)711 17-0
Fax: +49 (0)711 179 40 75
E-mail: ir.mbg@mercedes-benz.com
Internet: https://group.mercedes-benz.com
ISIN: DE0007100000
WKN: 710000
Indices: DAX, EURO STOXX 50
Listed: Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Tradegate Exchange
EQS News ID: 1991927

 
End of Announcement EQS News Service

1991927  19-Sep-2024 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1991927&application_name=news&site_id=boersengefluester~~~ace3d64b-2049-452a-8d18-fbc8044c4b5f

Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.

The most important financial data at a glance
  2018 2019 2020 2021 2022 2023 2024e
Sales1 167.362,00 172.745,00 121.778,00 133.893,00 150.017,00 153.218,00 0,00
EBITDA1,2 17.437,00 12.080,00 15.048,00 23.008,00 26.979,00 26.323,00 0,00
EBITDA-Margin3 10,42 6,99 12,36 17,18 17,98 17,18 0,00
EBIT1,4 11.132,00 4.329,00 6.091,00 16.028,00 20.458,00 19.660,00 0,00
EBIT-Margin5 6,65 2,51 5,00 11,97 13,64 12,83 0,00
Net Profit (Loss)1 7.582,00 2.709,00 4.009,00 23.396,00 14.809,00 14.531,00 0,00
Net-Margin6 4,53 1,57 3,29 17,47 9,87 9,48 0,00
Cashflow1,7 343,00 7.888,00 22.332,00 24.549,00 16.894,00 14.470,00 0,00
Earnings per share8 6,78 2,22 3,39 21,50 13,55 13,46 6,20
Dividend per share8 3,25 0,90 1,35 5,00 5,20 5,30 1,50
Quelle: boersengefluester.de and Company information
Explanation

1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de

Auditor: KPMG

All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.

INVESTOR-INFORMATION
©boersengefluester.de
Mercedes-Benz Group
WKN ISIN Legal Type Marketcap IPO Recommendation Plus Code
710000 DE0007100000 AG 51.467,20 Mio € 17.11.1998 Halten 8FWFQ6QJ+2Q
* * *
PE 2025e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
7,64 9,29 0,82 6,17 0,61 3,56 0,34
Dividends
Dividend '2022
in €
Dividend '2023
in €
Dividend '2024e
in €
Div.-Yield '2024e
in %
5,20 5,30 1,50 2,81%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
07.05.2025 30.04.2025 30.07.2025 29.10.2024 12.03.2025
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
-0,04%
53,45 €
ATH 109,39 €
-2,89% -14,37% -14,55% -14,96% +0,00%

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