EQS-Adhoc: Mercedes-Benz Group AG: Preliminary and unaudited free cash flow of the industrial business of Mercedes-Benz Group for the financial year 2023 above guidance and market expectations

EQS-Ad-hoc: Mercedes-Benz Group AG / Key word(s): Preliminary Results
Mercedes-Benz Group AG: Preliminary and unaudited free cash flow of the industrial business of Mercedes-Benz Group for the financial year 2023 above guidance and market expectations

01-Feb-2024 / 21:15 CET/CEST
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Preliminary and unaudited free cash flow of the industrial business of Mercedes-Benz Group for the financial year 2023 above guidance and market expectations

Stuttgart, Germany – Mercedes-Benz Group’s preliminary and unaudited results for the financial year 2023 show that the free cash flow of the industrial business exceeds guidance and market expectations, mainly due to lower working capital levels and a favorable cash conversion rate in the industrial business.

The preliminary and unaudited free cash flow of the industrial business amounts to € 11.3 billion (guidance: slightly above the prior-year level; consensus: € 9.9 billion).

Mercedes-Benz Group EBIT, the adjusted Return on Sales at Mercedes-Benz Cars and at Mercedes-Benz Vans as well as the adjusted Return on Equity of Mercedes-Benz Mobility (in each case preliminary and unaudited figures) are not subject to an ad hoc disclosure obligation and will be published along with further 2023 full-year and fourth-quarter earnings figures on February 22, 2024.

EBIT, adjusted Return on Sales (RoS), adjusted Return on Equity (RoE) and free cash flow of the industrial business are defined on pages 48 and 68 of the Mercedes-Benz Group Annual Report 2022.

Contact:
Edward Taylor
Tel.: +49 176 30941776
E-Mail: edward.taylor@mercedes-benz.com

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Language: English Company: Mercedes-Benz Group AG Mercedesstrasse 120 70372 Stuttgart Germany Phone: +49 (0)711 17-0 Fax: +49 (0)711 179 40 75 E-mail: ir.mbg@mercedes-benz.com Internet: https://group.mercedes-benz.com ISIN: DE0007100000 WKN: 710000 Indices: DAX, EURO STOXX 50 Listed: Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Tradegate Exchange EQS News ID: 1828581
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1828581 01-Feb-2024 CET/CEST