Mercedes-Benz beats as rising prices bolster earnings

Mercedes-Benz AG reported better-than-expected earnings as rising prices for its cars outweighed headwinds from supply-chain issues and the war in Ukraine.
By :
| Updated on: 27 Apr 2022, 11:54 AM
Mercedes S Class (Photo credit: Sabyasachi Dasgupta/HT Auto)
Mercedes S Class (Photo credit: Sabyasachi Dasgupta/HT Auto)
Mercedes S Class (Photo credit: Sabyasachi Dasgupta/HT Auto)
Mercedes S Class (Photo credit: Sabyasachi Dasgupta/HT Auto)

Mercedes-Benz AG reported better-than-expected earnings as rising prices for its cars outweighed headwinds from supply-chain issues and the war in Ukraine.

Adjusted group earnings before interest and tax rose to 5.3 billion euros ($5.64 billion) in the first quarter, the company said Wednesday, beating the average analyst estimate of 4.77 billion euros.

Similar Cars

Find More Cars
Mercedes-benz Gls (HT Auto photo)
Mercedes-benz Gls
2925 cc | Diesel | Automatic (Torque Converter) | 12.5 kmpl
₹1.05 - 1.09 Cr*Onwards
Jaguar I-pace (HT Auto photo)
Jaguar I-pace
Electric | Automatic
₹1.06 - 1.12 Cr*Onwards
Mercedes-benz Eqc (HT Auto photo)
Mercedes-benz Eqc
Electric | Automatic
₹1.07 - 1.07 Cr*Onwards
Mercedes-benz Maybach Gls (HT Auto photo)
Mercedes-benz Maybach Gls
3982 cc | Petrol | Automatic (Torque Converter) | 8.5 kmpl
₹2.43 - 2.43 Cr*Onwards

(Also Read: Mercedes-AMG teases C43 replacement, could get 2.0-litre turbo-hybrid powertrain)

Mercedes navigated persisting supply challenges by shifting sales to its higher-margin cars. Still, sales are under pressure because of the Ukraine war and pandemic lockdowns in China, the company’s biggest market. Volkswagen AG earlier this month warned of more supply woes and unpredictable swings of commodity prices.

The German manufacturer said it now expects return on sales at its cars division to come in at the higher end of its guidance of 11.5% to 13%, bolstered by strong sales of top-end vehicles. 

First Published Date: 27 Apr 2022, 11:54 AM IST
Recommended For You
View All
NEXT ARTICLE BEGINS

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
By clicking VIEW OFFERS you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city