Outlook.

April 30, 2025 – The Group and divisional guidance would remain unchanged before considering any additional tariff impact. However, assuming all of the currently implemented and the announced tariffs become effective and remain in place until the end of the year, material impacts are expected.

The current volatility with regard to tariff policies, mitigation measures and resulting potential direct and indirect effects, in particular on customer behaviour and demand, is too high to reliably assess the business development for the remainder of the year. Therefore, reporting figures cannot be estimated with the necessary level of certainty.

Assuming current trade policies persist, EBIT and free cash flow of the industrial business, as well as the adjusted returns on sales of Mercedes-Benz Cars and Mercedes-Benz Vans, will be negatively impacted. Negative impacts on the cash conversion rates of the automotive segments cannot be ruled out either.

This page was revised based on the Q1 Interim Report 2025 and contains forward-looking statements.