The automaker can significantly increase its profits.
(Photo: dpa)
Stuttgart Thanks to high prices for new and used cars, the car manufacturer Mercedes-Benz made more profits in the past year than originally assumed. For the year as a whole, an operating profit margin of 12.7 percent can now be expected in the Mercedes-Benz Cars & Vans division, the company announced on Friday based on preliminary and unaudited figures.
So far, the Stuttgart-based company had assumed a return of between ten and twelve percent. Adjusted operating profit (EBIT) is expected to be around 14 billion euros. Mercedes-Benz justifies this with “solid net pricing, a good product mix and favorable used car performance”.
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