Mercedes-Benz Group Outperforms 2023 Financial Predictions with Impressive Unaudited Free Cash Flow

• Mercedes-Benz Group's preliminary and unaudited results for the financial year 2023 show that the free cash flow of the industrial business exceeds guidance and market expectations.
• This is mainly due to lower working capital levels and a favorable cash conversion rate in the industrial business.
• The preliminary and unaudited free cash flow of the industrial business amounts to € 11.3 billion, above the consensus of € 9.9 billion.
• Mercedes-Benz Group EBIT, the adjusted Return on Sales at Mercedes-Benz Cars and at Mercedes-Benz Vans, and the adjusted Return on Equity of Mercedes-Benz Mobility are not subject to an ad hoc disclosure obligation.
• These figures will be published along with further 2023 full-year and fourth-quarter earnings figures on February 22, 2024.
• Definitions of EBIT, adjusted Return on Sales (RoS), adjusted Return on Equity (RoE) and free cash flow of the industrial business are provided in the Mercedes-Benz Group Annual Report 2022.

The next important date, Annual Results Conference for Fiscal Year and Fourth Quarter 2023, at Mercedes-Benz Group is on 22.02.2024.

The price of Mercedes-Benz Group at the time of the news was 63,58EUR and was up +1,36 % compared with the previous day.
16 minutes after the article was published, the price was 63,68EUR this corresponds to a plus of +0,16 % since publication.
At this time, the index DAX was at 16.934,00PKT (+0,77 %).

Mercedes-Benz Group

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+32,38 %

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ISIN:DE0007100000WKN:710000

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