Mercedes-Benz: Q3 EPS down 6%
(CercleFinance.com) - Mercedes-Benz has reported Q3 sales of E37.
2bn, down 1.4% y-o-y. NB: cp -5.3%.
Meanwhile, its adjusted EBIT fell 8% to E4.91bn, leaving net income of E3.72bn, down 7%, with EPS falling 6% to E3.44.
FCF (industrial business) contracted by 22.2% to E2.34bn.
Management said that the Mercedes-Benz team achieved solid results despite a difficult environment. It continues to be resilient through sought-after products and a disciplined go-to-market approach. While remaining vigilant regarding the macroeconomic outlook, it confirms its financial targets for FY 2023.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
2bn, down 1.4% y-o-y. NB: cp -5.3%.
Meanwhile, its adjusted EBIT fell 8% to E4.91bn, leaving net income of E3.72bn, down 7%, with EPS falling 6% to E3.44.
FCF (industrial business) contracted by 22.2% to E2.34bn.
Management said that the Mercedes-Benz team achieved solid results despite a difficult environment. It continues to be resilient through sought-after products and a disciplined go-to-market approach. While remaining vigilant regarding the macroeconomic outlook, it confirms its financial targets for FY 2023.
Copyright (c) 2023 CercleFinance.com. All rights reserved.