Recently, Mercedes-Benz announced its third quarter financial report for 2023. The company's operating income was 37.2 billion euros (currently approximately 287.184 billion yuan), a year-on-year decrease of 1.4%;Net profit was 3.719 billion euros (currently approximately 28.711 billion yuan), a year-on-year decrease of 7.0%.
In the third quarter of this year, Mercedes-Benz's global sales were 510,600 vehicles, a year-on-year decrease of 4%. Among them, Mercedes-Benz's new energy products (including pure electric models and plug-in hybrid models) accounted for 20% of total sales. From January to September this year, Mercedes-Benz's global cumulative sales were 1.5298 million vehicles, a year-on-year increase of 2%.
Among them, the sales performance of Mercedes-Maybach and G-Class in the high-end market is relatively stable.Adjusted return on sales (RoS) of Mercedes-Benz vehicles in the third quarter was 12.4%, but down from 14.5% in the same period last year; Adjusted return on sales of Mercedes-Benz vans in the third quarter was 15.0%, higher than 12.7% in the same period last year.
Mercedes-Benz CEO Harald Wilhelm said that the current automobile market demand is weakening and price competition is fierce, especially in the electric vehicle market. In addition, inflation, supply chain problems, and exchange losses are also the main challenges facing the company.
He also said: "Despite a challenging environment, the Mercedes-Benz Group has achieved solid results. Thanks to ideal products and rigorous market strategies, we continue to show resilience. While remaining vigilant about the macroeconomic outlook, we have confirmed our full-year financial targets for 2023."
According to this forecast, Mercedes-Benz’s full-year sales in 2023 will be the same as the previous year.EBIT expected to be broadly unchanged from 2022's €20.5 billion ($22.7 billion).