• Disclaimer
  • Privacy Policy
  • Copyright Notice
  • Anti Spam Policy
  • Medical Disclaimer
  • DMCA Compliance
  • Terms and Conditions
  • Social Media Disclaimer
  • Amazon Affiliate disclaimer
  • Home
  • News
    • PRESS RELEASE
  • Shop
  • BUSINESS
    • CRYPTO
    • ECONOMY
    • FINANCE
    • MARKET
    • MONEY
  • TECH
    • APPS
    • GADGET
    • MOBILE
    • SCIENCE
  • SOCIAL MEDIA
  • ENTERTAINMENT
    • ARTS & THEATER
    • GAMING
    • GAMBLING
    • MOVIE
    • MUSIC
    • SHOWS
    • SPORTS
  • LIFESTYLE
    • CELEBRITY
    • CULTURE
    • Education
    • FASHION
    • FOOD
    • HEALTH
    • HISTORY
    • Nature
    • Religion
    • Shopping
    • TRAVEL
  • REAL ESTATE
  • Blog
  • Classifieds
No Result
View All Result
Advertisement
  • Home
  • News
    • PRESS RELEASE
  • Shop
  • BUSINESS
    • CRYPTO
    • ECONOMY
    • FINANCE
    • MARKET
    • MONEY
  • TECH
    • APPS
    • GADGET
    • MOBILE
    • SCIENCE
  • SOCIAL MEDIA
  • ENTERTAINMENT
    • ARTS & THEATER
    • GAMING
    • GAMBLING
    • MOVIE
    • MUSIC
    • SHOWS
    • SPORTS
  • LIFESTYLE
    • CELEBRITY
    • CULTURE
    • Education
    • FASHION
    • FOOD
    • HEALTH
    • HISTORY
    • Nature
    • Religion
    • Shopping
    • TRAVEL
  • REAL ESTATE
  • Blog
  • Classifieds
No Result
View All Result
No Result
View All Result
Home MARKET

Mercedes-Benz lifts Q2 earnings but warns of ‘exceptional uncertainty’

South Dakota Digital News by South Dakota Digital News
July 27, 2022
in MARKET
0
319
SHARES
2.5k
VIEWS
Share on FacebookShare on Twitter


You Might Also Like

CaixaBank sees forecast-beating profit thanks to higher net interest income

Meta stock jumps 22% nears $500B market cap as ‘year of efficiency’ gets praised

BT pretax profit falls, but backs annual guidance

Mercedes-Benz Group AG
MBG,
+2.21%

on Wednesday raised some targets for the year and said that second-quarter revenue and earnings increased thanks to strong demand, pricing and model mix.

The German luxury-car maker said adjusted earnings before interest and taxes rose 8% to 4.94 billion euros ($5 billion) and revenue rose 7% to EUR36.44 billion despite lower vehicle sales due to the semiconductor shortage. Net profit rose to EUR3.11 billion from EUR3.04 billion.

The three-month results, which are for continuing operations and exclude the former Daimler Trucks & Buses segment which was spun off in December, were driven by strong demand, pricing and model mix, the company said.

At Mercedes-Benz’s cars business, adjusted return on sales for the quarter stood at 14.2%, up from 12.8%.

However, the semiconductor shortage and other supply-chain disruptions weighed on free cashflow of the industrial business, which fell 34% to EUR1.42 billion.

Mercedes-Benz lifted some of its targets for 2022 on the back of the results but also warned of “an exceptional degree of uncertainty” amid the war in Ukraine, inflation, the coronavirus pandemic and global supply-chain issues.

On a group level, it expects revenue significantly above prior-year level, up from a previous target of slightly above, and EBIT should come in slightly above last year level, compared with a previous target of at prior-year level. For its cars business, it targets an adjusted return on sales at 12%-14%, rather than 11.5%-13% expected previously.

“Despite the macro risks, Mercedes-Benz continues to see healthy and high quality demand for its products for the second half of the year, in all core markets,” it said.

Write to Kim Richters at kim.richters@wsj.com



Source link

Previous Post

One China Eyepoking Too Far: Biden Signals US Not Backing Down on Pelosi Taiwan Visit as China Promises Military Response

Next Post

Companies That Sell Your Stuff For You: Cash For Your Items

South Dakota Digital News

South Dakota Digital News

Related News

CION Investment picks up stake in Seven Group

Warning: HBT is at high risk of cutting its dividend

by South Dakota Digital News
February 5, 2023
0

Warning: HBT is at high risk of cutting its dividend Source link

‘We are surprised and bewildered’: My brother passed away and left his house, cash and possessions to charity. Can his siblings contest his will?

My mother cut me from her will and my sibling took my inheritance. Should I sue?

by South Dakota Digital News
February 5, 2023
0

Dear Quentin, My mother recently passed away and I was written out of the will, except for a small amount....

Ambulatory surgery centers, robotics seen as trends for orthopedic devices in 2023 (JNJ)

Ambulatory surgery centers, robotics seen as trends for orthopedic devices in 2023 (JNJ)

by South Dakota Digital News
February 4, 2023
0

LL28 After seeing a downturn over the last few years due to COVID-19, the orthopedics devices market is set to...

How would a gas stove ban affect wok cooking and the Asian American community?

How would a gas stove ban affect wok cooking and the Asian American community?

by South Dakota Digital News
February 4, 2023
0

When Charlene Luo was looking for a condo to buy in 2021, she had two nonnegotiable requirements: one, enough space...

Next Post
Companies That Sell Your Stuff For You: Cash For Your Items

Companies That Sell Your Stuff For You: Cash For Your Items

BEST FREE FIRESTICK APPS FOR MOVIES TV SHOWS AND MORE! 2022 UPDATE!

BEST FREE FIRESTICK APPS FOR MOVIES TV SHOWS AND MORE! 2022 UPDATE!

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Duval Timothy Shares New Video for “First Rain”: Watch
MUSIC

Duval Timothy Shares New Video for “First Rain”: Watch

by South Dakota Digital News
February 2, 2023
Takeda Reinforces Long-term Growth Through Pipeline Advancement and Two Targeted Acquisitions; Delivers Another Strong Quarter in FY2022 Q3
PRESS RELEASE

Takeda Reinforces Long-term Growth Through Pipeline Advancement and Two Targeted Acquisitions; Delivers Another Strong Quarter in FY2022 Q3

by South Dakota Digital News
February 2, 2023
Men of War Assault Squad 2 – USA Shows us no Mercy!
SHOWS

Men of War Assault Squad 2 – USA Shows us no Mercy!

by South Dakota Digital News
February 2, 2023
Don’t expect AT&T Stadium to host a Super Bowl any time soon
SPORTS

Don’t expect AT&T Stadium to host a Super Bowl any time soon

by South Dakota Digital News
February 2, 2023
The Bachelor’s Sarah Herron Shares Her Baby Died After Birth
CELEBRITY

The Bachelor’s Sarah Herron Shares Her Baby Died After Birth

by South Dakota Digital News
February 2, 2023
Statement from Mayor John Hamilton and Police Chief Mike Diekhoff On Tyre Nichols – The Bloomingtonian
PRESS RELEASE

Bloomington Celebrates Black History Month, Adopt-a-Rabbit Month, and Looks Forward to Spring and Summer Events – The Bloomingtonian

by South Dakota Digital News
February 2, 2023
Tofugu’s Learn Kana Quiz: Practice Hiragana and Katakana
CULTURE

Tofugu’s Learn Kana Quiz: Practice Hiragana and Katakana

by South Dakota Digital News
February 2, 2023
Alleged Russian Money Launderer Extradited from the Netherlands to U.S. | OPA
PRESS RELEASE

Passaic County Man Arrested for Attempt to Firebomb Synagogue | USAO-NJ

by South Dakota Digital News
February 2, 2023
McGrath Acquires Vesta Modular and Concurrently Divests Adler Tank Rentals
PRESS RELEASE

McGrath Acquires Vesta Modular and Concurrently Divests Adler Tank Rentals

by South Dakota Digital News
February 2, 2023
Trending eLearning Topics To Cover In Your Next Guest Post
Education

Trending eLearning Topics To Cover In Your Next Guest Post

by South Dakota Digital News
February 2, 2023
Kamala Harris Speaks at Tyre Nichols’ Funeral
FASHION

Kamala Harris Speaks at Tyre Nichols’ Funeral

by South Dakota Digital News
February 2, 2023
The Easiest Crab Cakes | The Recipe Critic
FOOD

The Easiest Crab Cakes | The Recipe Critic

by South Dakota Digital News
February 2, 2023
COVID Emergency Orders Ending: What’s Next?
HEALTH

COVID Emergency Orders Ending: What’s Next?

by South Dakota Digital News
February 2, 2023

About

South Dakota Digital News

Categories

  • APPS
  • ARTS & THEATER
  • BUSINESS
  • CELEBRITY
  • CRYPTO
  • CULTURE
  • ECONOMY
  • Education
  • ENTERTAINMENT
  • FASHION
  • FINANCE
  • FOOD
  • GADGET
  • Gambling
  • GAMING
  • HEALTH
  • HISTORY
  • LIFESTYLE
  • MARKET
  • MOBILE
  • MONEY
  • MOVIE
  • MUSIC
  • Nature
  • News
  • PRESS RELEASE
  • REAL ESTATE
  • Religion
  • SCIENCE
  • Shopping
  • SHOWS
  • SPORTS
  • TECH
  • TRAVEL
MUSIC

Duval Timothy Shares New Video for “First Rain”: Watch

February 2, 2023
PRESS RELEASE

Takeda Reinforces Long-term Growth Through Pipeline Advancement and Two Targeted Acquisitions; Delivers Another Strong Quarter in FY2022 Q3

February 2, 2023
SHOWS

Men of War Assault Squad 2 – USA Shows us no Mercy!

February 2, 2023
  • Disclaimer
  • Privacy Policy
  • Copyright Notice
  • Anti Spam Policy
  • Medical Disclaimer
  • DMCA Compliance
  • Terms and Conditions
  • Social Media Disclaimer
  • Amazon Affiliate disclaimer

© 2022 Southdakotadigitalnews.com

No Result
View All Result
  • Home
  • News
    • PRESS RELEASE
  • Shop
  • BUSINESS
    • CRYPTO
    • ECONOMY
    • FINANCE
    • MARKET
    • MONEY
  • TECH
    • APPS
    • GADGET
    • MOBILE
    • SCIENCE
  • SOCIAL MEDIA
  • ENTERTAINMENT
    • ARTS & THEATER
    • GAMING
    • GAMBLING
    • MOVIE
    • MUSIC
    • SHOWS
    • SPORTS
  • LIFESTYLE
    • CELEBRITY
    • CULTURE
    • Education
    • FASHION
    • FOOD
    • HEALTH
    • HISTORY
    • Nature
    • Religion
    • Shopping
    • TRAVEL
  • REAL ESTATE
  • Blog
  • Classifieds

© 2022 Southdakotadigitalnews.com