The bottom line is that the premium manufacturer from Stuttgart earned 14.8 billion euros.
(Photo: dpa)
Stuttgart The car manufacturer Mercedes-Benz increased its operating profit by 28 percent to 20.5 billion euros last year, thanks to high demand and a continued shortage of supply, more than expected. Sales increased by twelve percent to 150 billion euros, as the company announced on Friday in Stuttgart.
“We have developed Mercedes-Benz into a more profitable company,” said CEO Ola Källenius. The key to this was the focus on the top models and disciplined margin and cost management. Analysts polled by Refinitiv had expected sales of €147 billion and operating profit of €19.3 billion on average.
The bottom line is that the premium manufacturer from Stuttgart earned 14.8 billion euros, which was 34 percent more than in the previous year. A higher dividend of EUR 5.20 (previous year: EUR 5.00) per share will be proposed to the Annual General Meeting.