Time to take stock Mercedes Group who introduced me financial data for the whole year 2022. The year ended positively with profit reaching €20.5bn, up 28% compared to 2021 (€16bn). Turnover, on the other hand, reached 150 billion euros, up 12% compared to 2021 (133.9 billion euros).
A new strategy focused on “luxury” with more emphasis on premium models seems to be bearing fruit along with cautious cost reduction. In the first year of its existence after the spin-off of Daimler Truck, the Mercedes group continued its transformation in the face of geopolitical and macroeconomic challenges. These positive results highlight the improvement in profitability even as the pandemic, semiconductor supply chain bottlenecks and the aftermath of the war in Ukraine continued to affect its business.
The German group also improved the operating margin of sales of cars by 14.6% and vans by 11.2%. Global vehicle sales last year were 2.05 million vehicles, including 149,227 all-electric vehicle sales, including Smart vehicles.
Sale of premium cars, including S-class and EQS posted particularly strong growth in 2022 and helped the automaker cope with rising costs. Mercedes has announced that it will offer a dividend of 5.20 euros per share, up from 5 euros last year. Ola KaelleniusCEO of Mercedes, commented on these results:
We have transformed Mercedes into a more profitable company through product focus and disciplined profit and cost management. We cannot control macroeconomic or world events, but 2022 is an example that we are moving in the right direction. In addition to strong financial results, the team has accelerated the pace of work to make us a technology leader in electric and automated driving. The next chapter in our transformation will be revealed during the Mercedes-Benz California Strategy Update on February 22, with a focus on the Mercedes-Benz Operating System (MB.OS).
Photo source: teka77
Source: HD Motori
Ashley Fitzgerald is an accomplished journalist in the field of technology. She currently works as a writer at 24 news breaker. With a deep understanding of the latest technology developments, Ashley’s writing provides readers with insightful analysis and unique perspectives on the industry.