What are the results of Mercedes 3rd quarter?
Third-quarter cash flow amounted to €980 million and adjusted cash flow amounted to €1. In the third quarter of 2023 Mercedes-Benz Mobility’s new business increased to €15. Q3 2022: €14. The group’s revenue declined by 9. Q2 2024, and its profit decreased by 68. The adjusted EBIT for Mercedes-Benz Group for Q2 2025 stood at €2. Q2 the previous year.The BMW Group once again recorded a robust financial performance in financial year 2023, meeting – and in some cases even exceeding – all its objectives. With deliveries increasing by 6. EBIT margin of 9. Group achieved the targets that were increased in August.
Is Mercedes-Benz profitable?
Mercedes-Benz said in an earnings update on Wednesday that its net profit had plummeted from €6. It added that, in the second quarter alone, net profit dropped by an even greater 69%, while revenue was down 10% year-on-year. Mercedes’ earnings before interest and taxes dropped 41% year-on-year to €2. Wednesday. Net profit plummeted 43% to €1. In Mercedes’ car division, the adjusted operating margin fell 1.
Are Mercedes-Benz sales down?
Mercedes-Benz Group AG reported a 9% decline in global vehicle sales during the second quarter of 2025, as President Donald Trump’s tariffs on imported vehicles and parts, along with retaliatory duties from China, began to impact the luxury automaker’s key markets. Tariffs and trade disputes are major factors driving declines in the U. S. China, two of Mercedes’ largest markets. Tariffs imposed by both countries significantly reduce demand and complicate supply chains.Therefore, Mercedes-Benz’s luxury positioning and its costly long-term maintenance fees are parts of its weaknesses in attracting a larger group of consumers in the EV market. Mercedes-Benz underwent several large-scale recalls in its history due to emission scandals and fire risks in its EV model EQS and EQC.The year 2024 has been a difficult year for Mercedes-Benz. Between the slowdown in demand for electric vehicles, the stagnation of the Chinese market, the crisis in the luxury sector and the difficulties of the German industry as a whole, the car manufacturer is showing a sharp decline in annual results.