28
Ottobre
2026
|
09:47
Europe/Amsterdam
Mercedes-Benz Group reports Q3 EBIT of €1.77 billion, supported by Financial Services and Vans; record BEV sales and continued product momentum
Riepilogo
• Mercedes-Benz Cars: adjusted return on sales of 2.5% in Q3; adjusted Q3 EBIT at €560 million
• Product launch programme in full swing: BEV sales up 61% year-on-year to a quarterly record; total car sales outside China increase, with growth in Europe (+5%) and the United States (+6%)
• Continued high profitability at Mercedes-Benz Vans: adjusted Q3 EBIT at €397 million with adjusted return on sales of 9.4%; adjusted return on sales of 9.9% in the first nine months at the upper end of the guidance range
• Strong earnings at Mercedes-Benz Financial Services: adjusted Q3 EBIT increases by 42% to €445 million; adjusted return on equity rises by 4.2 percentage points to 13.8%
• Mercedes-Benz Group EBIT of €1.77 billion corresponds to a return on sales of 5.8% in Q3
• Financial strength: net liquidity of the industrial business remains high at €31.0 billion; free cash flow of the industrial business at €3.1 billion in the first nine months and €172 million in Q3, the latter reflecting a temporary build-up of new-vehicle inventories
• Guidance for 2026 updated: Mercedes-Benz Cars now expects an adjusted return on sales of 2 to 3%, mainly reflecting a more challenging market environment in China and higher fourth-quarter costs for raw materials and product lifecycle measures; Group EBIT now expected at prior-year level and free cash flow of the industrial business significantly below prior-year level
“Continued sales growth in Europe and the United States and record BEV sales show that our new models are resonating with customers. At the same time, market conditions have become even more challenging over the course of the year, particularly in China. Consistent cost discipline and strong contributions from Mercedes-Benz Vans and Mercedes-Benz Financial Services help us counter these headwinds, while our strong balance sheet allows us to keep investing in our future. With more product launches ahead and AI changing the way we work, we are focused on building a faster, more efficient and even more competitive Mercedes-Benz.”
Ola Källenius, Chairman of the Board of Management of Mercedes-Benz Group AG Stuttgart.
Mercedes-Benz Group AG (ticker symbol: MBG) reported revenue of €30.7 billion in the third quarter of 2026 (Q3 2025: €32.1 billion), Group EBIT of €1.77 billion (Q3 2025: €0.75 billion) and net profit of €1.52 billion (Q3 2025: €1.19 billion). The increase in reported EBIT mainly reflected lower adjustments than in the prior-year quarter. Adjusted Group EBIT decreased by 15% to €1.78 billion (Q3 2025: €2.10 billion).
Earnings were supported by higher unit sales in Europe and the United States, strong profitability at Mercedes Benz Financial Services and Mercedes-Benz Vans, and the disciplined execution of efficiency measures across the company. Currency headwinds and a more challenging market environment in China, including further intensifying competition, weighed on the results.
The Group maintained its strict cost discipline. In the first nine months, investments in property, plant and equipment and research and development expenditure at Mercedes-Benz Cars decreased by a total of 11%, following last year’s investment peak for the product launch programme. Since June 2026, the company has further intensified its global productivity measures, with a particular focus on its German locations. This builds on a reduction in fixed costs of approximately 25% since 2019. As part of these measures, it will again offer its voluntary severance programme for indirect functions in Germany starting December 2026.