Mercedes Benz Group Annual Report 2023
Ola Källenius Chairman of the Board of Management of Mercedes-Benz Group AG said: Our company has shown that we can achieve solid financial results even under difficult conditions. In 2023 sales of all-electric cars of the Mercedes-Benz brand increased by 73%. The proportion of electrified vehicles in total car sales was 20%. Mercedes-Benz Group AG has also initiated important projects to expand the charging infrastructure in our core markets. The direct sales model was rolled out in additional markets. Following the introduction of our conditionally automated driver assistance system in the United States, we also received approval to test the technology for motorway use in Beijing. Moreover, we were able to achieve another significant part of our targeted reduction in fixed costs.
These successful developments are also reflected in our annual results. Our revenue amounted to €153 billion. However, EBIT fell by 4% to €19.7 billion. Our net liquidity in the industrial business was €31.7 billion. The bottom line was a net profit of €14.5 billion. The Board of Management and the Supervisory Board will recommend a dividend of €5.30 per share to the Annual General Meeting.
Highlights
- 2.49mn
- Group Unit Sales 2022: 2.45 mn
- € 153.2bn
- Revenue 2022: € 150 bn
- € 19.7bn
- EBIT 2022: € 20.5 bn
- € 11.3bn
- Free Cash Flow Ind. Business 2022: € 8.1 bn
- € 13.46
- Earnings per share 2022: € 13.55
- € 5.30
- Dividend 2022: € 5.20
