Mercedes Benz Full-Year Report 2022

Consolidated Statement of Income of the Mercedes-Benz Group

In 2022, the Group’s revenue amounted to €150.0 billion (2021: €133.9 billion) and was thus substantially higher
than the prior-year value. Adjusted for positive foreign exchange effects, revenue was also significantly higher
than in the previous year. The increase in revenue was primarily due to significantly improved pricing at the Mercedes-Benz Cars and Mercedes-Benz Vans segments.

Cost of sales amounted to €116.0 billion (2021: €103.2 billion) in 2022, increasing by 12.4% compared with the previous year. The increase was mainly due to significantly increased raw-material prices, one-time
expenses paid to suppliers and additional costs relating to inflation and supply chains.

Industry and business risks and opportunities: General market risks and opportunities

The launch of new products by competitors, more aggressive pricing policies and poorer effective pricing for products such as electric vehicles can lead to to increasing competitive and price pressure in the automotive segments and have a negative impact on profitability. The discontinuation or reduction of government subsidies for
electric vehicles can also negatively affect their pricing and cut profit margins. Continuous monitoring is carried out in order to recognize risks at an early stage. Depending on the situation, product-specific and possibly regionally different measures are taken to support weaker markets. There is also a risk of delayed market introduction of new technologies in vehicles. Opportunities exist in particular in the Mercedes-Benz Cars segment due to better-than-planned effective pricing of vehicles.

 

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