MERCEDES-BENZ GROUP AG Fact Sheet for Q1 2024
30 April 2024
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Mercedes-Benz Group
Contents
Mercedes-Benz Group | |||
Stock Market Information | 3 | ||
Earnings and Financial Situation | 4 | - | 18 |
Information for Divisions | |||
Mercedes-Benz Cars | 19 | - | 22 |
Mercedes-Benz Vans | 23 | - | 26 |
Mercedes-Benz Mobility | 27 |
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Mercedes-Benz Group
Stock Market Information
Q1 | Q2 | Q3 | Q4 | Q1 | Q1 : Q1 | Q1 - Q1 | Q1 - Q1 | YTD : YTD | |
2023 | 2023 | 2023 | 2023 | 2024 | Change | 2023 | 2024 | Change | |
Earnings per share (in EUR) | |||||||||
basic | 3.69 | 3.34 | 3.44 | 2.99 | 2.86 | -22.5% | 3.69 | 2.86 | -22.5% |
diluted | 3.69 | 3.34 | 3.44 | 2.99 | 2.86 | -22.5% | 3.69 | 2.86 | -22.5% |
Average number of | |||||||||
shares outstanding (in millions) | |||||||||
(adjusted for treasury stocks) | |||||||||
basic | 1,069.8 | 1,065.4 | 1,057.2 | 1,046.0 | 1,038.4 | -2.9% | 1,069.8 | 1,038.4 | -2.9% |
diluted | 1,069.8 | 1,065.4 | 1,057.2 | 1,046.0 | 1,038.4 | -2.9% | 1,069.8 | 1,038.4 | -2.9% |
Number of shares outstanding | |||||||||
(at period end, in millions) | 1,069.4 | 1,060.5 | 1,053.5 | 1,041.0 | 1,036.5 | -3.1% | |||
Xetra closing price | |||||||||
(at period end, in EUR) | 70.78 | 73.67 | 65.89 | 62.55 | 73.81 | +4.3% | |||
Market capitalisation | |||||||||
(at period end, in billions of EUR) | 75.69 | 78.13 | 69.13 | 65.00 | 76.50 | +1.1% |
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Mercedes-Benz Group
Key Figures of the Mercedes-Benz Group
Q1 | Q2 | Q3 | Q4 | Q1 | Q1 : Q1 | Q1 - Q1 | Q1 - Q1 | YTD : YTD | |
(in millions of EUR) | 2023 | 2023 | 2023 | 2023 | 2024 | Change | 2023 | 2024 | Change |
Revenue | 37,516 | 38,241 | 37,200 | 40,261 | 35,873 | -4.4% | 37,516 | 35,873 | -4.4% |
EBIT | 5,504 | 4,988 | 4,842 | 4,326 | 3,863 | -29.8% | 5,504 | 3,863 | -29.8% |
Net profit | 4,011 | 3,641 | 3,719 | 3,160 | 3,025 | -24.6% | 4,011 | 3,025 | -24.6% |
Profit attributable to shareholders of Mercedes- | |||||||||
Benz Group AG | 3,945 | 3,563 | 3,636 | 3,117 | 2,974 | -24.6% | 3,945 | 2,974 | -24.6% |
Free cash flow industrial business | 2,164 | 3,363 | 2,347 | 3,442 | 2,233 | +3.2% | 2,164 | 2,233 | +3.2% |
R&D expenditure total* | 2,458 | 2,415 | 2,525 | 2,598 | 2,197 | -10.6% | 2,458 | 2,197 | -10.6% |
Expensed R&D costs* | 1,683 | 1,636 | 1,541 | 1,370 | 1,468 | -12.8% | 1,683 | 1,468 | -12.8% |
Capitalized development costs | 775 | 779 | 984 | 1,228 | 729 | -5.9% | 775 | 729 | -5.9% |
Amortization on capitalized development costs | 504 | 533 | 549 | 553 | 500 | -0.8% | 504 | 500 | -0.8% |
Capital expenditure total | 1,980 | 1,809 | 2,153 | 2,605 | 1,566 | -20.9% | 1,980 | 1,566 | -20.9% |
Investment in intangible assets | |||||||||
(incl. capitalized development costs) | 1,123 | 821 | 1,161 | 1,363 | 787 | -29.9% | 1,123 | 787 | -29.9% |
Investment in pp&e | 789 | 836 | 934 | 1,186 | 659 | -16.5% | 789 | 659 | -16.5% |
Financial investments | 68 | 152 | 58 | 56 | 120 | +76.5% | 68 | 120 | +76.5% |
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Mercedes-Benz Group
Revenue by Segment
Q1 | Q2 | Q3 | Q4 | Q1 | Q1 : Q1 | Q1 - Q1 | Q1 - Q1 | YTD : YTD | |
(in millions of EUR) | 2023 | 2023 | 2023 | 2023 | 2024 | Change | 2023 | 2024 | Change |
Mercedes-Benz Cars | 27,812 | 28,244 | 27,131 | 29,569 | 25,713 | -7.5% | 27,812 | 25,713 | -7.5% |
Mercedes-Benz Vans | 4,615 | 5,123 | 4,939 | 5,611 | 4,893 | +6.0% | 4,615 | 4,893 | +6.0% |
Mercedes-Benz Mobility | 6,639 | 6,506 | 6,561 | 7,012 | 6,855 | +3.3% | 6,639 | 6,855 | +3.3% |
Reconciliation | -1,550 | -1,632 | -1,431 | -1,931 | -1,588 | +2.5% | -1,550 | -1,588 | +2.5% |
Mercedes-Benz Group | 37,516 | 38,241 | 37,200 | 40,261 | 35,873 | -4.4% | 37,516 | 35,873 | -4.4% |
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Mercedes-Benz Group
Revenue by Region
Q1 | Q2 | Q3 | Q4 | Q1 | Q1 : Q1 | Q1 - Q1 | Q1 - Q1 | YTD : YTD | |
(in millions of EUR) | 2023 | 2023 | 2023 | 2023 | 2024 | Change | 2023 | 2024 | Change |
Mercedes-Benz Group | 37,516 | 38,241 | 37,200 | 40,261 | 35,873 | -4.4% | 37,516 | 35,873 | -4.4% |
Europe* | 15,294 | 14,712 | 15,504 | 16,385 | 15,455 | +1.1% | 15,294 | 15,455 | +1.1% |
Germany | 6,433 | 6,308 | 6,507 | 6,551 | 6,172 | -4.1% | 6,433 | 6,172 | -4.1% |
North America** | 9,598 | 11,095 | 9,316 | 10,479 | 9,264 | -3.5% | 9,598 | 9,264 | -3.5% |
USA | 8,480 | 9,997 | 8,145 | 9,419 | 8,363 | -1.4% | 8,480 | 8,363 | -1.4% |
Asia | 10,922 | 10,653 | 10,201 | 11,606 | 9,359 | -14.3% | 10,922 | 9,359 | -14.3% |
China*** | 6,356 | 6,011 | 6,102 | 6,815 | 5,793 | -8.9% | 6,356 | 5,793 | -8.9% |
Rest of World | 1,702 | 1,781 | 2,179 | 1,791 | 1,795 | +5.5% | 1,702 | 1,795 | +5.5% |
- European Union, United Kingdom, Switzerland and Norway. ** USA, Canada and Mexico.
*** Excluding revenue of not fully consolidated companies.
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Mercedes-Benz Group
Earnings before Interest and Taxes (EBIT) of the Mercedes-Benz Group
Q1 | Q2 | Q3 | Q4 | Q1 | Q1 : Q1 | Q1 - Q1 | Q1 - Q1 | YTD : YTD | |
(in millions of EUR) | 2023 | 2023 | 2023 | 2023 | 2024 | Change | 2023 | 2024 | Change |
Revenue | 37,516 | 38,241 | 37,200 | 40,261 | 35,873 | -4.4% | 37,516 | 35,873 | -4.4% |
Cost of sales* | -28,066 | -29,250 | -29,154 | -32,318 | -28,767 | +2.5% | -28,066 | -28,767 | +2.5% |
Gross profit | 9,450 | 8,991 | 8,046 | 7,943 | 7,106 | -24.8% | 9,450 | 7,106 | -24.8% |
Selling expenses* | -2,354 | -2,519 | -2,380 | -2,526 | -2,345 | -0.4% | -2,354 | -2,345 | -0.4% |
General administrative expenses* | -712 | -746 | -606 | -624 | -716 | +0.6% | -712 | -716 | +0.6% |
Research and non-capitalized development costs* | -1,683 | -1,636 | -1,541 | -1,370 | -1,468 | -12.8% | -1,683 | -1,468 | -12.8% |
Others | 803 | 898 | 1,323 | 903 | 1,286 | +60.1% | 803 | 1,286 | +60.1% |
EBIT | 5,504 | 4,988 | 4,842 | 4,326 | 3,863 | -29.8% | 5,504 | 3,863 | -29.8% |
- Immaterial adjustments in the prior-year quarterly figures without impact on EBIT. Further information can be found in the table "Condensed Consolidated Statement of Income/Loss for the three-month period ended 31 March" in the chapter Profitability of the Interim Report Q1 2024.
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Mercedes-Benz Group
Earnings before Interest and Taxes (EBIT) of Mercedes-Benz Cars
Q1 | Q2 | Q3 | Q4 | Q1 | Q1 : Q1 | Q1 - Q1 | Q1 - Q1 | YTD : YTD | |
(in millions of EUR) | 2023 | 2023 | 2023 | 2023 | 2024 | Change | 2023 | 2024 | Change |
Revenue | 27,812 | 28,244 | 27,131 | 29,569 | 25,713 | -7.5% | 27,812 | 25,713 | -7.5% |
Cost of sales | -20,460 | -21,275 | -21,012 | -23,619 | -20,371 | -0.4% | -20,460 | -20,371 | -0.4% |
Gross profit | 7,352 | 6,969 | 6,119 | 5,950 | 5,342 | -27.3% | 7,352 | 5,342 | -27.3% |
Selling expenses | -1,860 | -2,002 | -1,903 | -1,975 | -1,826 | -1.8% | -1,860 | -1,826 | -1.8% |
General administrative expenses | -410 | -407 | -331 | -390 | -389 | -5.1% | -410 | -389 | -5.1% |
Research and non-capitalized development costs | -1,569 | -1,471 | -1,430 | -1,212 | -1,332 | -15.1% | -1,569 | -1,332 | -15.1% |
Others | 635 | 763 | 857 | 539 | 661 | +4.1% | 635 | 661 | +4.1% |
EBIT | 4,148 | 3,852 | 3,312 | 2,912 | 2,456 | -40.8% | 4,148 | 2,456 | -40.8% |
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Mercedes-Benz Group
Earnings before Interest and Taxes (EBIT) of Mercedes-Benz Vans
Q1 | Q2 | Q3 | Q4 | Q1 | Q1 : Q1 | Q1 - Q1 | Q1 - Q1 | YTD : YTD | |
(in millions of EUR) | 2023 | 2023 | 2023 | 2023 | 2024 | Change | 2023 | 2024 | Change |
Revenue | 4,615 | 5,123 | 4,939 | 5,611 | 4,893 | +6.0% | 4,615 | 4,893 | +6.0% |
Cost of sales | -3,407 | -3,857 | -3,795 | -4,240 | -3,714 | +9.0% | -3,407 | -3,714 | +9.0% |
Gross profit | 1,208 | 1,266 | 1,144 | 1,371 | 1,179 | -2.4% | 1,208 | 1,179 | -2.4% |
Selling expenses | -329 | -356 | -348 | -433 | -356 | +8.2% | -329 | -356 | +8.2% |
General administrative expenses | -54 | -64 | -72 | -52 | -64 | +18.5% | -54 | -64 | +18.5% |
Research and non-capitalized development costs | -101 | -153 | -111 | -159 | -114 | +12.9% | -101 | -114 | +12.9% |
Others | 38 | 113 | 102 | 128 | 288 | +657.9% | 38 | 288 | +657.9% |
EBIT | 762 | 806 | 715 | 855 | 933 | +22.4% | 762 | 933 | +22.4% |
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Mercedes-Benz Group
Earnings before Interest and Taxes (EBIT) of Mercedes-Benz Mobility
Q1 | Q2 | Q3 | Q4 | Q1 | Q1 : Q1 | Q1 - Q1 | Q1 - Q1 | YTD : YTD | |
(in millions of EUR) | 2023 | 2023 | 2023 | 2023 | 2024 | Change | 2023 | 2024 | Change |
Revenue | 6,639 | 6,506 | 6,561 | 7,012 | 6,855 | +3.3% | 6,639 | 6,855 | +3.3% |
Cost of sales | -5,715 | -5,696 | -5,839 | -6,380 | -6,229 | +9.0% | -5,715 | -6,229 | +9.0% |
Gross profit | 924 | 810 | 722 | 632 | 626 | -32.3% | 924 | 626 | -32.3% |
Selling expenses | -178 | -182 | -170 | -155 | -163 | -8.4% | -178 | -163 | -8.4% |
General administrative expenses | -199 | -221 | -207 | -166 | -204 | +2.5% | -199 | -204 | +2.5% |
Research and non-capitalized development costs | 0 | 0 | 0 | 0 | 0 | . | 0 | 0 | . |
Others | -8 | -235 | 18 | -83 | 20 | . | -8 | 20 | . |
EBIT | 539 | 172 | 363 | 228 | 279 | -48.2% | 539 | 279 | -48.2% |
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Mercedes-Benz Group AG published this content on 30 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 April 2024 05:04:57 UTC.
