German FAZ: Mercedes-Benz reports a drop in profits of more than 50 percent009742

The win at Mercedes-Benz broke up by more than half in the first half of the year. Compared to the same period last year, the group result dropped by 55.8 percent from around 6.1 billion euros to around 2.7 billion euros, as the car manufacturer announced. As reasons for this, the Stuttgarters, among other things, led tariffs, lower sales figures and expenses for efficiency measures. Mercedes now calculated well below the previous year with a view of the current financial year. The adjusted sales return of the car division should only be between four and six percent in 2025. In the already weak last year, it was 8.1 percent. Sales are also likely to be significantly lower, and the China business that runs in the first half of the year fell by 8.6 percent from EUR 72.6 billion to around 66.4 billion euros. The operational result (EBIT) decreased by around 55 percent from 7.9 billion euros to around 3.6 billion euros. Especially because of the poorly running business in China. In 2024, the group result was a good 28 percent to EUR 10.4 billion. Sales fell by 4.5 percent to 145.6 billion euros in the year. The result from interest and taxes slipped by almost a third to 13.6 billion euros. In addition to increasing profitability and sales in the next few years, the board had called for a savings program in February. According to this, production costs should decrease by ten percent compared to today. In addition, the material costs would be optimized, and the fixed costs should also decrease by a further ten percent by 2027. The company agreed to the Themamit to the general works council for an extensive package of measures, which also provides for a severance program for employees in indirect areas, i.e. not in production.
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