Transportation
Mercedes Sees Strong Cash Flow Following Focus on Top Models
- Lower working capital, good cash conversion drive result
- Carmaker should consider new share buyback, Bernstein says
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Mercedes-Benz Group AG rose after reporting better-than-expected cash flow for last year as the luxury-car maker pivots to focus on its most profitable models.
Industrial cash flow amounted to €11.3 billion ($12.3 billion), the company said late Thursday in preliminary figures. That’s well ahead of last year’s level and above the €9.54 billion average of analysts’ estimates compiled by Bloomberg.