February 20, 2025 – Group revenue expected slightly below prior-year level, Group EBIT and free cash flow from the industrial business expected significantly below prior-year level.
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Represented by the Board of Management:
Ola Källenius, Chairman; Jörg Burzer, Renata Jungo Brüngger, Mathias Geisen, Sabine Kohleisen, Markus Schäfer, Britta Seeger, Oliver Thöne, Hubertus Troska, Harald Wilhelm
Chairman of the Supervisory Board: Martin Brudermüller
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February 20, 2025 – Group revenue expected slightly below prior-year level, Group EBIT and free cash flow from the industrial business expected significantly below prior-year level.
The Mercedes-Benz Group expects Group revenue in 2025 to be slightly below the prior-year level. In a market environment that remains challenging, Group EBIT is expected to be significantly below the previous year's level resulting out of divisional guidances. Group free cash flow from the industrial business is seen significantly below the strong level of 2024, due to lower EBIT at Mercedes-Benz Cars and Mercedes-Benz Vans and lower CCR at Mercedes-Benz Vans.
| Outlook | FY 2024 Actuals | FY 2025 Guidance | |
|---|---|---|---|
| Unit Sales | Mercedes-Benz Cars Mercedes-Benz Vans | 1,983k units 406k units | Slightly below Slightly 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% | 6 to 8% 10 to 12% 8 to 9% |
| Adjusted cash conversion rate (CCR) | Mercedes-Benz Cars Mercedes-Benz Vans | 1.0 1.0 | 0.9 to 1.1 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 Annual Results Concerence 2024 and contains forward-looking statements.