Mercedes continues to grow in the second quarter of 2022

At a time of weakness in the sector and with the uncertainty of what will happen in the face of the shortage of microchips and raw materials, many companies have seen their growth forecasts improved, …

At a time of weakness in the sector and with the uncertainty of what will happen in the face of the shortage of microchips and raw materials, many companies have seen their growth forecasts improved, something that has helped revenues continue to rise. This is the case of Mercedes Benz, which has seen its profits during the second quarter increase, especially to a strong demand and a range of models that have been a clear success.

The German firm has had a great result at the end of the quarter, thanks to a sustained demand for luxury vehicles and premium vans, to a good combination of models. For example, Mercedes-Benz Cars’ Return on Sales increased to 14.2% in the quarter and reached 10.1% in Mercedes-Benz Vans.

Ola Kallenius, CEO of Mercedes Benz Group AG, thanked the confidence in its models, and hopes that it will be consolidated in the coming months: “The Mercedes-Benz team has once again delivered good results in an uncertain environment. We are strengthening our vigilance and resilience to manage increasingly complex macroeconomic and geopolitical challenges.. At the same time, we have good reason to remain confident, with strong demand underway, a new range of vehicles and other key product launches this year.”

With a revenue increase of 7%, achieving a revenue volume of 36,400 million euros. All this is feasible thanks to a change of trend in the group, focusing on high-end luxury vehicles, Battery electric vehicles (BEVs) and premium vans, as well as a relentless focus on costs, helped offset lower sales and higher raw material costs.

For Mercedes-Benz, the shift to electric vehicles in this segment is accelerating, with electrified Mercedes-Benz passenger cars (BEV and PHEV excluding smart) that57,600 vehicles in the second quarter (+16%). Sales of all-electric vehicles without smart more than doubled to 25,200 units (+134%).

In an uncertain market due to the evolution of the war in Ukraine, which is damaging the supply chain, something that in Mercedes admits that they can harm them in the long term. In addition, continued high inflationary pressure on consumers and businesses and corresponding interest rate hikes by central banks, in addition to continuing problems in global supply chains, hamper the outlook.

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