Associated tags: Mercedes-Benz Group, Automotive, General Automotive, EV, Automotive industry, Manufacturing, Automotive Manufacturing, Electric Vehicles, Other Automotive, Performance & Special Interest, Vehicle Technology, Ros, Fuels, Research, Engineering, Mercedes-Benz, Mercedes-Benz Mobility, Alternative Vehicles
Locations: EUROPEAN UNION, WASHINGTON, NEW YORK, MICHIGAN, CALIFORNIA, CANADA, HONDA, GERMANY, EUROPE, UNITED STATES, NORTH AMERICA, ROS, CHINA
Retrieved on:
Thursday, February 22, 2024
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Automotive industry Any future free cash flow from the industrial business as available (post potential small-scale M&A) beyond the approx.
Key Points:
- Any future free cash flow from the industrial business as available (post potential small-scale M&A) beyond the approx.
- 40 percent dividend payout ratio of Group Net Income, shall be used to fund share buybacks with the purpose of redeeming shares.
- Group Free Cash Flow of the Industrial Business is seen slightly below the very strong levels from 2023, due to lower EBIT at Cars and Vans and lower CCR at Vans.
- Link to capital market presentation on full year 2023: group.mercedes-benz.com/results-2023
Pictures of the Annual Results Conference 2023 will be available here: group-media.mercedes-benz.com
Further information on Mercedes-Benz Group AG is available at:
Retrieved on:
Thursday, October 26, 2023
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Q3 By contrast, energy prices are expected to remain at a significantly lower level on average in 2023 than in the previous year.
Key Points:
- By contrast, energy prices are expected to remain at a significantly lower level on average in 2023 than in the previous year.
- Mercedes-Benz Cars: The rate of sales from the first three quarters in 2023 is seen remaining at approximately the same pace.
- As the 48-volt supply constraint is expected to continue, we expect Q4 sales to remain at the same level as Q3.
- Link to capital market presentation Q3 2023: group.mercedes-benz.com/q3-2023/en
[1] In real driving conditions, deviations from the certified standard values may occur.
EV,
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Human Relations (journal),
Legal Affairs The Supervisory Board reappointed Ola Källenius (54) as Chairman of the Board of Management of Mercedes-Benz Group AG until May 21, 2029, at its meeting today.
Key Points:
- The Supervisory Board reappointed Ola Källenius (54) as Chairman of the Board of Management of Mercedes-Benz Group AG until May 21, 2029, at its meeting today.
- As Chief Technology Officer, Markus Schäfer is the Board of Management member responsible for Development & Procurement.
- In a further decision, the Supervisory Board established a cross-divisional steering and coordination function at the Board of Management level for sustainability management.
- Responsibility for the function-specific management of sustainability topics will remain in the respective Board of Management areas.
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Automotive industry Sales Guidance Mercedes-Benz Cars: Order intake is stabilizing with a strong product substance in the market and also considering the product launches to come in 2023 and in 2024.
Key Points:
- Sales Guidance Mercedes-Benz Cars: Order intake is stabilizing with a strong product substance in the market and also considering the product launches to come in 2023 and in 2024.
- The rate of sales from first-half 2023 is seen remaining at approximately the same level, and full-year sales are thus seen at prior-year level.
- Unit sales and revenue at Mercedes-Benz Cars are seen at the prior-year level.
- At Mercedes-Benz Vans, unit sales are now seen at “significantly above” the prior-year's level, up from the previous expectation of a slight rise in sales.
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Equity The adjusted Return on Sales of the Mercedes-Benz Vans division rose to 15.5% (consensus: 14.6%) driven by strongly improved net pricing and significantly increased unit sales.
Key Points:
- The adjusted Return on Sales of the Mercedes-Benz Vans division rose to 15.5% (consensus: 14.6%) driven by strongly improved net pricing and significantly increased unit sales.
- Profitability was impacted by lower margins due to higher refinancing rates and intensified competition in the financial services sector.
- Mercedes-Benz Group EBIT increased to €5.0 billion (consensus: € 4.7 billion), mainly resulting from the higher EBIT of the Mercedes-Benz Vans division.
- The full quarterly results and interim report will be published on July 27th, 2023.
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Fireworks The joint venture aims to become the leading network of reliable high-powered charging stations in North America.
Key Points:
- The joint venture aims to become the leading network of reliable high-powered charging stations in North America.
- In line with the sustainability strategies of all seven automakers, the joint venture intends to power the charging network solely by renewable energy.
- The network will provide a seamless, vehicle integrated, best-in-class charging experience, based on renewable energy and supported by the quality, reliability, and resources of world-leading automakers.
- The creation of a best-in-class charging network will ensure that the EV infrastructure will support current and projected EV sales and will foster the adoption of electric vehicles.
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Fireworks The joint venture will include the development of a new, high-powered charging network with at least 30,000 chargers to make zero-emission driving even more attractive for millions of customers.
Key Points:
- The joint venture will include the development of a new, high-powered charging network with at least 30,000 chargers to make zero-emission driving even more attractive for millions of customers.
- The joint venture aims to become the leading network of reliable high-powered charging stations in North America.
- In line with the sustainability strategies of all seven automakers, the joint venture intends to power the charging network solely by renewable energy.
- The network will provide a seamless, vehicle integrated, best-in-class charging experience, based on renewable energy and supported by the quality, reliability, and resources of world-leading automakers.
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Management The shareholders of Mercedes-Benz Group AG (ticker symbol: MBG) approved all of the items on the agenda of the Annual General Meeting.
Key Points:
- The shareholders of Mercedes-Benz Group AG (ticker symbol: MBG) approved all of the items on the agenda of the Annual General Meeting.
- Bernd Pischetsrieder will, following the expiration of his current mandate as Chaiman of the Supervisory Board of Mercedes-Benz Group AG, not make himself available for a further term of office.
- His term ends at the end of the Annual General Meeting next year (2024).
- An election will take place at the constituent Supervisory Board meeting after the 2024 Annual General Meeting.
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Automotive industry After 15 years, Sari Baldauf will leave the Supervisory Board at the end of the Annual Meeting.
Key Points:
- After 15 years, Sari Baldauf will leave the Supervisory Board at the end of the Annual Meeting.
- Stefan Pierer has been proposed for election based on his in-depth industry know-how and his expertise in product and brand development.
- On behalf of the entire Supervisory Board, I would like to express my sincere thanks for her outstanding commitment.
- Link to the current Annual Report: group.mercedes-benz.com/results-2022
Further information on Mercedes-Benz Group AG is available at: group-media.mercedes-benz.c om and group.mercedes-benz.com
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Real estate Unit sales at Mercedes-Benz Cars seen at the prior-year level with revenue remaining at the prior-year level.
Key Points:
- Unit sales at Mercedes-Benz Cars seen at the prior-year level with revenue remaining at the prior-year level.
- At Mercedes-Benz Vans, unit sales are now seen slightly above the prior-year level.
- The adjusted RoE is seen at 12%–14%
The Mercedes-Benz Group expects revenue at the prior-year level and EBIT slightly below the prior-year level.
- CO2 emissions of the new vehicle fleet in Europe are expected to be significantly below the prior-year level.