Automaker: Mercedes cuts profit forecast – shares lose five percent
A challenging market environment in China and higher costs in the fourth quarter are weighing on the carmaker's annual targets. It was only in the summer that a sales warning was issued.
Mercedes-Benz has lowered its profit forecast for the current year, now expecting earnings to be at the same level as last year. Previously, the company had predicted profits that would be "significantly above" the previous year's level, which would have been an increase of at least 15%. The company's 2025 EBIT was €5.8 billion.
The news caused Mercedes shares to fall by more than 5% on Tuesday, making it the biggest loser in the Dax. The company cited a challenging market environment in China and higher costs, including material costs, as reasons for the downgraded forecast.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
