October 28, 2026 – Mercedes-Benz has updated its guidance for the 2026 financial year. The update mainly reflects a more challenging market environment in China and higher fourth-quarter costs for raw materials and product lifecycle measures.
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Ola Källenius, Chairman; Jörg Burzer, Mathias Geisen, Olaf Schick, Michael Schiebe, Britta Seeger, Oliver Thöne, Harald Wilhelm
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October 28, 2026 – Mercedes-Benz has updated its guidance for the 2026 financial year. The update mainly reflects a more challenging market environment in China and higher fourth-quarter costs for raw materials and product lifecycle measures.
For Mercedes-Benz Cars, the company now expects an adjusted return on sales of 2 to 3% (previously 3 to 5%) and an adjusted cash conversion rate of 1.2 to 1.4 (previously 1.0 to 1.2), while investments in property, plant and equipment are now seen significantly below prior-year level (previously slightly below). Mainly as a result of the lower earnings expectations for Mercedes-Benz Cars, Group EBIT is now expected to be at the prior-year level (previously significantly above).
Free cash flow of the industrial business of the Mercedes-Benz Group is expected to come in just below the threshold of the previous guidance range (“slightly below the prior-year level”) and will therefore now be in the range “significantly below the prior-year level”. For Mercedes-Benz Vans, unit sales are now expected to be at the prior-year level (previously slightly above).
All other elements of the guidance remain unchanged.
This page was revised based on the Q3 Interim Report 2026 and contains forward-looking statements.