Mercedes-Benz has done better in 2021 than expected

The revenue-to-sales ratio was higher than ever at 12.7 percent, compared to 10-12 percent in the company’s forecast.

In the fourth quarter, despite the ongoing supply difficulties for semiconductors, the revenue-to-sales ratio was 15 percent. This can be attributed to "pricing, good product mix and favorable performance of used cars," the company said.

“We will continue to implement our strategy at full speed, moving towards a fully electric, software-driven future as the world’s most valuable luxury car brand,” quoted Ola Källenius, Chairman of the Board, as saying.

The Swedish specialist still shocked investors with a series of profit warnings in the summer of 2019, at the beginning of his term, and more recently, he regularly exceeds his forecasts, Handelsblatt commented on the data.

It was explained that the data show that the diesel scandal is largely over for the Mercedes-Benz group, that the coronavirus epidemic is no longer an operational problem, and that the semiconductor shortage will lead to lower sales but higher sales prices than ever before. you can ask for more for your products, not least because of the limited supply.

In 2021, the other major business, Mercedes-Benz Mobility, which provides mobility services, including the Share Share car co-operated with BMW, and financing services, also performed well, with operating income of € 3.4 billion. This is also a large double increase from 1.6 billion in the previous year, Handelsblatt pointed out.

Last year, the company operating the Kecskemét car plant spun off and listed its truck business (Daimler Truck) on the Frankfurt Stock Exchange, and in early February it announced that it would continue to operate as the Mercedes-Benz Group instead of Daimler.
According to their announcement on Friday, details of the results for 2021 will be presented on February 24, and their business report will be presented on March 11.

(Source: autokalauz.co.hu; MTI | Image: pixabay.com)