July 30, 2025 – Mercedes-Benz Group AG achieved robust financial results in the second quarter, despite a dynamic business environment and new global tariff policies. All three business units achieved solid EBIT margins.
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Mercedes-Benz Group
Mercedes-Benz AG
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70372 Stuttgart
Germany
Phone: +49 7 11 17-0
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Represented by the Board of Management:
Ola Källenius, Chairman; Jörg Burzer, Renata Jungo Brüngger, Mathias Geisen, Markus Schäfer, Britta Seeger, Oliver Thöne, Harald Wilhelm
Chairman of the Supervisory Board: Martin Brudermüller
Court of Registry: Stuttgart; commercial register no. 762873
VAT ID: DE 32 12 81 763
All information about our products can be found on your country-specific Mercedes-Benz product page.
Mercedes-Benz Group
July 30, 2025 – Mercedes-Benz Group AG achieved robust financial results in the second quarter, despite a dynamic business environment and new global tariff policies. All three business units achieved solid EBIT margins.
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The company generated a robust free cash flow of the industrial business of €1.9 bn in the second quarter (Q2 2024: €1.6 bn) and €4.2 bn in the first six months (H1 2024: €3.9 bn). Net liquidity reached €30.8 bn in the first half (end of Q2 2024: €27.4 bn). Group Revenue and Group EBIT were influenced by the new tariffs. Group EBIT was impacted by €715 mn of adjustments which were mainly for measures to increase operational efficiency and M&A transactions, including for the sale of production and sales capacities in Argentina. The adjusted Mercedes-Benz Group EBIT reached €2.0 bn (Q2 2024: €4.0 bn).
We achieved robust financial results in the second quarter given the dynamic business environment. The best response is to stay on course to deliver desirable and intelligent products, while keeping a tight grip on costs. We’re adapting to new geopolitical realities by using our global production footprint
intelligently and by executing our Next Level Performance programme, which goes beyond efficiency measures, to increase the resilience of our company.
Ola Källenius
Chief Executive Officer of Mercedes-Benz Group AG
Mercedes-Benz Cars achieved a robust adjusted EBIT margin of 5.1% in the second quarter and 6.2% in the first half. Excluding the latest additional tariffs, the Mercedes-Benz RoS was 6.6% in Q2. Mercedes-Benz Cars sold 453,700 cars (-9%) in the second quarter, 2% above Q1 2025, influenced by the ongoing dynamic market environment especially in China and due to diligent management of stock to counter tariff impacts. Top-End Vehicles accounted for 14.3% of overall sales. Demand for plug-in hybrid vehicles (PHEV) remained strong in the second quarter (+34%) and xEV sales increased by 4%. Second quarter EBIT of Mercedes-Benz Cars was influenced by tariffs, and by lower unit sales and a softer net pricing as well as by efficiency measures, and macro environment.
Mercedes-Benz Vans achieved a healthy adjusted EBIT margin of 10.4% in the second quarter and 11.0% in the first half. Second quarter adjusted EBIT was influenced by lower sales volumes. Mercedes-Benz Vans sold 93,400 units (-10%) in the second quarter in a highly competitive market environment. Sales of electric Vans increased 32% compared to Q2 2024.
Mercedes-Benz Mobility achieved a robust adjusted return on equity of 8.9% in the second quarter and 8.8% in the first half. Second quarter adjusted EBIT of Mercedes-Benz Mobility was slightly above prior-year’s level supported by positive effects from financial investments and ongoing efficiency measures.
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