Mercedes-Benz Group posted another excellent set of results for Q3 22, meeting the street expectations and raising its FY22 outlook on profitability for both cars and vans. While this sent a positive sign to investors the sole confirmation of the FCF target somewhat cooled the optimism. Our figures will thus need to be upgraded on the bottom line while M-B’s robust cash generation for the year looks largely priced in.
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Q3 22: meet and raise
Mercedes-Benz Group posted another excellent set of results for Q3 22, meeting the street expectations and raising its FY22 outlook on profitability for both cars and vans. While this sent a positive sign to investors the sole confirmation of the FCF target somewhat cooled the optimism. Our figures will thus need to be upgraded on the bottom line while M-B’s robust cash generation for the year looks largely priced in.