19.09.2024 21:09:53
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EQS-Adhoc: Mercedes-Benz Group AG adjusts full-year guidance for the year 2024 based on current market outlook
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 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:
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. |
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 |
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1991927 19-Sep-2024 CET/CEST
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