The momentum continued in 2023: In the first quarter, improved pricing outweighed headwinds from material costs. Group Earnings Before Interest and Taxes (EBIT) improved by 28% to €20.5 billion (2021: €16.0 billion) and revenue increased by 12% to €150 billion (2021: €134 billion). Sales in the Mercedes-Benz Top-End segment increased by 8% last year while battery electric vehicle (BEV) sales for Mercedes-Benz Passenger Cars rose to 128,700 vehicles (+147%) and 15,000 eVans (+9%). The company’s focus on desirable products is paying off. Beginning in March 2023, Mercedes-Benz shares worth up to €4 billion (not including incidental costs) are intended to be acquired on the stock exchange over a period of up to two years, with a view to cancelling the shares. Furthermore, the Board of Management and the Supervisory Board in February 2023 agreed on a share buyback program. Based on this proposal, the total dividend pay-out for 2022 amounts to €5.6 billion (2021: €5.3 billion). Going forward, we will continue to work on a profitable, electric and software-driven future at Mercedes-Benz.”īernd Pischetsrieder, Chairman of the Supervisory Board of Mercedes-Benz Group AGįor shareholders, the past year was rewarding: Between March 2022 and March 2023 Mercedes-Benz total shareholder returns – the profit from all capital gains and dividends – increased by 20%, outperforming the German DAX index, where total shareholder returns rose 8% during the same period.įor the financial year 2022 the Board of Management and the Supervisory Board propose a dividend of €5.20 (2021: €5.00). “The Mercedes-Benz Group successfully overcame the challenges of the past year, demonstrating a high level of resilience and great adaptability while remaining focused on substantial progress in implementing, developing, and sharpening its sustainable business strategy. STUTTGART, Germany-( BUSINESS WIRE)-At the Mercedes-Benz Group AG (ticker symbol: MBG) Annual Meeting for the financial year 2022 the company outlines its strategic progress while delivering strong financial results and shareholder returns.
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