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Mercedes Faces Even Bigger Problems in the Chinese Market: Mercedes’ automotive division posted significantly lower operating profits in the third quarter ...
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Key FactsMercedes-Benz cuts annual outlook despite higher quarterly profit
2 days ago · Reading time: ~45 sec.
Summary created with AI assistance · Source: stuttgarter-zeitung.de
Summary created with AI assistance · Source: stuttgarter-zeitung.de
- Third-quarter revenue fell 4.5% to €30.7 billion; the passenger-car division’s adjusted margin declined from 4.8% to 2.5%.
- Mercedes cited tougher competition in China, unfavorable exchange rates and high costs for launching new models as pressures.
- For 2026, the group now expects Ebit at the previous year’s level; 2025 Ebit was €5.8 billion.
- Industrial-business free cash flow fell about 87% to €172 million; Mercedes cited a temporary buildup of new-vehicle inventories as the cause.
“increasingly challenging market environment in China”— Wording from a mandatory disclosure by Mercedes-Benz to the stock exchange, explaining the lowered annual forecast.
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