Mercedes Posts Strong Returns By Charging More For Its Cars
- Robust pricing, demand bolster company’s preliminary results
- Bernstein analysts see carmaker approaching guidance increase
Mercedes is trying to sell more top-end models like its S-Class sedan.
Source: Mercedes-Benz AGThis article is for subscribers only.
Mercedes-Benz AG reported better-than-expected preliminary earnings in the first quarter as the automaker’s push further upmarket helped it overcome higher raw-material costs.
Mercedes’s adjusted return on sales came in at 14.8% on healthy net pricing and robust demand for its vans and luxury cars, topping analyst estimates. The shares gained in Frankfurt.