1 Day
Source:
اقتصاد سكاي نيوز عربية
Mercedes-Benz Q2 profit up 13.5%
Mercedes-Benz, the German automotive company, saw its profits increase by 13.5% in the second quarter of 2026, reaching 1.09 billion euros, up from 957 million euros in the same period last year. However, revenues declined by 3.3% to approximately 32 billion euros. The company achieved a 21.5% growth in operating profit before interest and taxes, amounting to around 1.55 billion euros, despite a 30% drop in sales in China and an overall 6% decrease in total sales compared to the previous year. These results reflect Mercedes-Benz's efforts to improve efficiency, productivity, and cost reduction, even as market challenges persist, especially in China, where decreased sales led to a 6.3% decline in profits during the first half of 2026, totaling 2.52 billion euros, continuing a trend of declining profits since 2024. The company plans to address this challenge through additional austerity measures and cost-cutting programs, including discussions about reducing labor costs in Germany.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)