Mercedes-Benz Group reports Q1 2025 results
London, May 01, 2025 , (Oilandgaspress) ––––– Revenue reached €33.2 billion (Q1 2024: €35.9 billion) driven by sales of passenger cars and vans. Group earnings before interest and taxes (EBIT) came in at €2.3 billion. The free cash flow from the industrial business reached strong €2.4 billion (Q1 2024: €2.2 billion) due to the seasonal positive development of working capital. Net liquidity rose to a comfortable €33.3 billion, (end of 2024: €31.4 billion) providing a solid foundation for navigating through times of geopolitical and macroeconomic unpredictability.
Mercedes-Benz Cars sold 446,300 vehicles in a dynamic environment ahead of the first market introduction of the all-new CLA. The E-Class and GLC saw ongoing demand, while a strong sales performance of Mercedes-AMG and the G-Class led to a Top-End Vehicle share of 15%. The cash flow before interest and taxes (CFBIT) increased by 21% to €2.8 billion, 1.6 times higher than the adjusted EBIT of €1.8 billion. This development was driven mainly by favourable net working capital effect. The adjusted return on sales (RoS) came in at 7.3%, in line with guidance.
Mercedes-Benz Vans achieved an adjusted EBIT of €475 million in a competitive market in the first quarter, leading to a healthy adjusted operating margin (RoS) of 11.6%. Product mix supported by further improved product substance remained on healthy level and partially outweighed lower unit sales. The result is supported by positive cost development. The cash flow before interest and taxes (CFBIT) reached €588 million, corresponding to a high cash conversion rate adjusted of 1.3. BEV sales surged by 59% thanks to the eSprinter.
Mercedes-Benz Mobility reported a total contract volume of €133.7 billion (end of Q4 2024: €138.1 billion). New business reached €13.6 billion (Q1 2024: €14.8 billion), influenced by the dynamic financial services sector, particularly in China. However, the division recorded a higher average financing and leasing volume per contract.
The adjusted EBIT amounted to €287 million and was thus at the same level as the previous year (Q1 2024: €279 million), further investments in charging activities have been compensated by continued strict cost discipline and efficiency measures. As a result, the adjusted return on equity (RoE) reached 8.6% (Q1 2024: 8.5%).
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