July 30, 2025 – Updated divisional guidance at Mercedes-Benz Cars and Mercedes-Benz Vans to include tariff developments.
,xPosition=0,yPosition=0.5)
Mercedes-Benz AG
Mercedesstraße 120
70372 Stuttgart
Germany
Phone: +49 7 11 17-0
E-Mail: dialog@mercedes-benz.com
Please send queries about content on this website to any contact. You can address your concerns to us in English and your respective national language.
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.
July 30, 2025 – Updated divisional guidance at Mercedes-Benz Cars and Mercedes-Benz Vans to include tariff developments.
Mercedes-Benz Group now sees Group revenue significantly below the prior-year level based on lower sales expected at Mercedes-Benz Cars and Mercedes-Benz Vans.
Sales at Mercedes-Benz Cars are now seen significantly below 2024 levels, with sales in the second half of the year in the vicinity of H1. Overall sales in Q3 are seen slightly lower than in Q4. To reflect tariff impacts, the company now sees a new full-year guidance range for return on sales adj. at Mercedes-Benz Cars of 4-6%. For Mercedes-Benz Vans, sales are seen significantly below the previous year, with a stronger H2 versus H1. Including tariffs, this leads to a new guidance range of 8-10% for return on sales adj. at Mercedes-Benz Vans for the full year.
| Outlook | FY 2024 Actuals | Updated FY 2025 Guidance | |
|---|---|---|---|
| Unit Sales | Mercedes-Benz Cars Mercedes-Benz Vans | 1,983k units 406k units | Significantly below Significantly below |
| xEV Share | Mercedes-Benz Cars (xEV) Mercedes-Benz Vans (xEV) | 19% 5% | 20 to 22% 8 to 10% |
| Adjusted* return on sales (RoS) | Mercedes-Benz Cars Mercedes-Benz Vans Mercedes-Benz Mobility (RoE) | 8.1% 14.6% 8.7% | 4 to 6% 8 to 10% 8 to 9% |
| Adjusted cash conversion rate (CCR) | Mercedes-Benz Cars Mercedes-Benz Vans | 1.0 1.0 | 0.8 to 1.0 0.5 to 0.7 |
| Investment in pp&e | Mercedes-Benz Cars Mercedes-Benz Vans | €3.4 billion €0.6 billion | Significantly above Significantly above |
| R&D expenditure | Mercedes-Benz Cars Mercedes-Benz Vans | €8.7 billion €1.0 billion | At prior-year level Significantly above |
| * The adjustments may include material adjustments if they lead to significant effects in a reporting period. These material adjustments relate in particular to legal proceedings and related measures, restructuring measures and M&A transactions. | |||
This page was revised based on the Q2 Interim Report 2025 and contains forward-looking statements.