October 29, 2025 – Mercedes-Benz confirms its group guidance.
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Mercedes-Benz AG
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70372 Stuttgart
Germany
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Represented by the Board of Management:
Ola Källenius, Chairman; Jörg Burzer, Renata Jungo Brüngger, Mathias Geisen, Markus Schäfer, Olaf Schick, 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
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October 29, 2025 – Mercedes-Benz confirms its group guidance.
The environment in which Mercedes-Benz operates remains dynamic. Mercedes-Benz is working against it with a determined team using all the levers at its disposal: The company will press ahead with its product and tech launch program and will remain focused on enhancing the customer experience. At the same time, Mercedes-Benz will continue to drive efficiency across the company and generate attractive returns for its shareholders.
| 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 | Now 0.9 to 1.1 Now 0.6 to 0.8 |
| 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 |
| Revenue | Mercedes-Benz Group | €145.6 billion | Significantly below |
| EBIT | Mercedes-Benz Group | €13.6 billion | Significantly below |
| Free Cash Flow (Industrial Business) | Mercedes-Benz Group | €9.2 billion | Significantly below |
| * 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 Q3 Interim Report 2025 and contains forward-looking statements.