Ola Källenius
“We have developed Mercedes-Benz into a more profitable company,” explained the CEO.
(Photo: Bloomberg)
Fifteen percent. This is the rounded return on sales that Mercedes-Benz was able to generate in its dominant car division in the previous year. It is a fabulous value in the more than 135-year history of the brand with the star. Never before has the Dax group been so profitable. The luxury course of CEO Ola Källenius is paying off.
Shortly after the Swede moved to the top of what was then Daimler AG in May 2019, Mercedes was still making losses. Now he can report an operating profit adjusted for special effects of 20.7 billion euros. This corresponds to an increase of 20 percent.
The bottom line is that Mercedes earned 14.8 billion euros, a good third more than in 2021. Sales rose from 134 to 150 billion euros. That is an increase of twelve percent – despite stagnating sales. Mercedes shares rose more than 2 percent on Friday.
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