The earnings call highlighted strong cash generation and new product advancements but was overshadowed by significant challenges in profitability and sales, particularly in the Chinese market and the electrified vehicle segment.
Company Guidance
During the Q3 2024 earnings call for Mercedes-Benz (MBG.DE), management provided guidance for the upcoming quarter and insights on various metrics. The company reported an EBIT of EUR 2.5 billion and an EPS of EUR 1.81, although the Cars division experienced a weaker-than-expected quarter with a return on sales (ROS) of 4.7%. The Vans segment maintained a solid ROS of 13.5%. Despite these challenges, the company generated a robust free cash flow of EUR 2.4 billion, contributing to a net industrial liquidity of EUR 29 billion. Management reaffirmed its commitment to strong shareholder returns, having executed a share buyback worth EUR 4.3 billion, leading to cash returns to shareholders of approximately EUR 10 billion year-to-date. For Q4, the company anticipates improved mix and sales, projecting a ROS of 6% to 7% for Cars and maintaining Vans guidance of 14% to 15%. The outlook for the full year 2024 remains cautious, with sales expected slightly below 2023 levels, amid a challenging macro environment and competitive market conditions, especially in China.
Solid Cash Generation and Shareholder Returns
Mercedes-Benz achieved strong cash generation with a year-to-date free cash flow of EUR 6.3 billion. They returned EUR 10 billion to shareholders in 2024 through dividends and share buybacks.
New Product Introductions
Mercedes-Benz introduced new models, including the Maybach SL and AMG GT special edition, and began road-testing VAN.EA prototypes.
Advancements in Technology
Progress in technology was demonstrated with Level 3 autonomous driving, allowing for operation at speeds up to 95 km/h on more than 10,000 kilometers of German highways.
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Mercedes-Benz Group (GB:0NXX) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GB:0NXX Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Oct 25, 2024
€58.85
€56.58
-3.86%
Jul 26, 2024
€62.96
€62.85
-0.18%
Apr 30, 2024
€69.30
€65.67
-5.24%
Feb 22, 2024
€63.21
€66.06
+4.50%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Mercedes-Benz Group (GB:0NXX) report earnings?
Mercedes-Benz Group (GB:0NXX) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Mercedes-Benz Group (GB:0NXX) earnings time?
Mercedes-Benz Group (GB:0NXX) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
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