Mercedes-Benz revenue up 19% to €37.7B in Q3

Wednesday, 26. October 2022 07:03

Mercedes-Benz Group AG said on Wednesday that its revenue in the third quarter of 2022 amounted to €37.7 billion, jumping 19% compared to the same period in 2021.

Group Earnings Before Interest and Taxes (EBIT) soared 83% to €5.2 billion. Net profit soared 54% to €4 billion and net profit from continuing operations skyrocketed 105% to €3.9 billion. Diluted earnings per share jumped 58% to €3.66 and Mercedes-Benz Cars sales surged 38% year on year to reach 530,400 units in the third quarter.

"Mercedes-Benz once again delivered solid results thanks to the robust demand for our desirable products. In combination with our ongoing financial discipline, we are making the company more resilient and setting the pace for the months ahead, as we continue accelerating our transformation," stated Harald Wilhelm, member of the board of management responsible for finance and controlling and Mercedes-Benz Mobility.

Related Links: Mercedes-Benz Group
Author:
Baha Breaking News (BBN) / NP