Outlook.

July 28, 2026 – Reflecting first-half performance and the evolving market environment, Mercedes-Benz has updated selected elements of its 2026 guidance.

Mercedes-Benz Financial Services now expects a higher adjusted return on equity of 12% to 14% (previously 10% to 12%), mainly reflecting an improved portfolio margin.

At Mercedes-Benz Cars, the share of electrified vehicles (xEV) is now expected to reach 23% to 25% (previously 21% to 23%), supported by the continued ramp-up of new all-electric (BEV) models in the second half of 2026. At the same time, in light of the continued challenging market environment in China, overall Mercedes-Benz Cars unit sales are now expected to come in slightly below the prior-year level (previously “on the same level”). Reflecting this, Group revenue is now also anticipated to be slightly below the previous year’s level (previously “at the prior-year level”).

Other forecast statements provided in the 2025 Annual Report remain valid.

This page was revised based on the Q2 Interim Report 2026 and contains forward-looking statements.