Mercedes-Benz Group AG

MBGAF: PINX (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$624.00	Tsyhg	Rnbtczvm

Mercedes-Benz Earnings: Double-Digit Margins Improve for Cars, but Reducing Fair Value Slightly

Jul 26, 2024

Mercedes-Benz released a commendable operational result in a tough operating environment. While group revenue declined 4% year over year, led by volume declines in cars and vans and unfavorable product mix in cars skewed away from top-end vehicles, deleveraging was softened by excellent management of operating expenses, where core expense line items maintained the ratio to sales and strong pricing in vans. EPS thus declined 11.7% to EUR 2.95 per share, which beat FactSet’s consensus of EUR 2.83 per share.

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