Mercedes-Benz released strong Q1 22 results, with revenues increasing +6% yoy despite passenger car volumes declining by 10%, demonstrating great execution of the company’s luxury-led strategy. Pricing discipline and improved product mix have allowed the group to offset rising raw material costs and semiconductor-constrained production volumes. While the operating performance in Q1 exceeded the FY objectives, Mercedes is sticking to its guidance as it remains cautious given the current industry ....
27 Apr 2022
Q1 22 beats expectations; Mercedes remains prudent on FY outlook
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Q1 22 beats expectations; Mercedes remains prudent on FY outlook
Mercedes-Benz released strong Q1 22 results, with revenues increasing +6% yoy despite passenger car volumes declining by 10%, demonstrating great execution of the company’s luxury-led strategy. Pricing discipline and improved product mix have allowed the group to offset rising raw material costs and semiconductor-constrained production volumes. While the operating performance in Q1 exceeded the FY objectives, Mercedes is sticking to its guidance as it remains cautious given the current industry ....