EQS-Adhoc: Mercedes-Benz Group AG: Preliminary and unaudited free cash flow of the industrial business of Mercedes-Benz Group for the financial year 2023 above guidance and market expectations
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EQS-Ad-hoc: Mercedes-Benz Group AG / Key word(s): Preliminary Results Preliminary and unaudited free cash flow of the industrial business of Mercedes-Benz Group for the financial year 2023 above guidance and market expectations Stuttgart, Germany – Mercedes-Benz Group’s preliminary and unaudited results for the financial year 2023 show that the free cash flow of the industrial business exceeds guidance and market expectations, mainly due to lower working capital levels and a favorable cash conversion rate in the industrial business. The preliminary and unaudited free cash flow of the industrial business amounts to € 11.3 billion (guidance: slightly above the prior-year level; consensus: € 9.9 billion). Mercedes-Benz Group EBIT, the adjusted Return on Sales at Mercedes-Benz Cars and at Mercedes-Benz Vans as well as the adjusted Return on Equity of Mercedes-Benz Mobility (in each case preliminary and unaudited figures) are not subject to an ad hoc disclosure obligation and will be published along with further 2023 full-year and fourth-quarter earnings figures on February 22, 2024. EBIT, adjusted Return on Sales (RoS), adjusted Return on Equity (RoE) and free cash flow of the industrial business are defined on pages 48 and 68 of the Mercedes-Benz Group Annual Report 2022. Contact: Edward Taylor Tel.: +49 176 30941776 E-Mail: edward.taylor@mercedes-benz.com End of Inside Information
01-Feb-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Mercedes-Benz Group AG |
| Mercedesstrasse 120 | |
| 70372 Stuttgart | |
| Germany | |
| Phone: | +49 (0)711 17-0 |
| Fax: | +49 (0)711 179 40 75 |
| E-mail: | ir.mbg@mercedes-benz.com |
| Internet: | https://group.mercedes-benz.com |
| ISIN: | DE0007100000 |
| WKN: | 710000 |
| Indices: | DAX, EURO STOXX 50 |
| Listed: | Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Tradegate Exchange |
| EQS News ID: | 1828581 |
| End of Announcement | EQS News Service |
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1828581 01-Feb-2024 CET/CEST
Mercedes-Benz Group AG Stock
Currently there is a rather positive sentiment for Mercedes-Benz Group AG with 5 Buy predictions and 2 Sell predictions.
As a result the target price of 79 € shows a slightly positive potential of 10.91% compared to the current price of 71.23 € for Mercedes-Benz Group AG.
