Mercedes-Benz Group posted another excellent set of results for Q2 22, ahead of consensus estimates. This was triggered by M-B Cars division’s rock-solid adjusted EBIT margin (15% above expectations) as the premiumization strategy and BEV push materializes. The guidance upgrade also confirms management’s confidence into H2 during which supply should remain a larger concern than demand. Direct gas dependence is being reduced but suppliers’ exposure is the key variable. BEV profitability has alrea ....
