Withstanding the pressure of chip shortage, Mercedes-Benz's full-year 2021 sales return was solid

[News-Oxcart Network]

Mercedes-Benz recently released its latest earnings forecast.

According to the forecast, Mercedes-Benz expects a full-year adjusted return on sales of 12.7% and adjusted EBITDA of 14 billion euros (including car and truck business). In addition, the adjusted return on sales for the fourth quarter of 2021 was 15%.

Judging from this forecast, the improvement in profitability is mainly due to stable net pricing of products, a good product mix and used car sales. Therefore, despite the global shortage of semiconductor chips, Mercedes-Benz still produces enough automotive products to supply the market.

It is worth mentioning that in December 2021, Mercedes-Benz spun off the commercial vehicle business Daimler Trucks, which has been spun off and listed independently. The separation is expected to have a positive impact of €9-10 billion on the Group as a whole, but management believes that this stubbornness will not have a significant impact on cash flows and should therefore be excluded from the basis for determining dividends.

In terms of sales, Mercedes-Benz delivered 2.05 million new cars worldwide in 2021, down 5% year-on-year, which also made it inferior to BMW and lost the crown of the world's first sales in the luxury car field for five consecutive years. Conlinson, CEO of Mercedes-Benz, said the company's goal is to improve profitability, rather than just focusing on sales performance. Based on this, Mercedes-Benz is working to increase its value on the stock market after the split from Daimler Trucks.

It is understood that Mercedes-Benz annual results will be officially announced on February 24, according to speculation, the official performance report and the forecast content will not be much gap, in the process of accelerating the electrification transformation, Mercedes-Benz is still constantly improving.