Mercedes-Benz announced this Wednesday, the 29th, a 50.3% reduction in its profits until September, which reached 3,878 million euros, in a period in which it reduced sales and increased expenses due to tariffs in the USA.
Consolidated profit represents a decrease compared to the 7,806 million euros recorded in the same period last year.
Revenues fell 8% to 98,524 million euros, the same variation as the number of vehicles sold, which fell to 1,341,427.
According to the company, the drop in revenue is due, in addition to the lower number of cars sold, “to negative developments in the foreign exchange market”.
In turn, sales costs fell 4.8% to 81,511 million euros.
Among the various Mercedes-Benz ranges, only Mercedes-AMG and the G-Class showed increases compared to the same period last year, with respective increases of 7% and 30%, while all others fell.
According to the Stuttgart car manufacturer, sales over the first nine months “were influenced by cautious stock management in the United States of America” due to tariffs and “challenging commercial conditions in China”.
In Europe, the number of units sold fell by 1%, in the USA by 10% and in China by 18%.
The dividend per share, in turn, fell 49% compared to a year ago, to 3.91 euros, against 7.62.
In the presentation of the results, cited by Efe, the group’s executive president, Ola Källenius, pointed out that the quarterly results “are in line” with forecasts for the year.
In the third quarter alone, Mercedes Benz’s profit fell 30.8% to 1,190 million euros, while sales fell 6.9% to 32,147 million euros.
The German group also added that it will repurchase shares worth up to 2,000 million euros from the fourth quarter of this year and within 12 months.