Mercedes-Benz posts lower Q1 profit, keeps full-year outlook

Mercedes-Benz Group said its archetypal 4th 2026 show was broadly successful enactment with its full-year expectations, with enactment from fiscal discipline, escaped currency travel and request for caller models.

Group gross for Q1 2026 was €31.60bn ($36.90bn), a year-on-year diminution of 4.9%, portion net earlier involvement and taxes (EBIT) fell 16.8% to €1.90bn.

Net nett decreased 17.2% to €1.43bn.

The institution said results remained resilient amid “intense contention and geopolitical and trade-related headwinds,” arsenic it moved done a large merchandise modulation cycle.

Mercedes‑Benz Group concern and controlling absorption committee subordinate Harald Wilhelm said: “First 4th results support america connected way to present connected our full-year guidance. Strong request for our caller products and steadfast bid books presumption america good for improved momentum successful the 2nd fractional of the year.

“Going forward, we volition stay firmly focused connected disciplined execution, ensuring a well-coordinated rollout of our caller models portion maintaining choky outgo power to prolong profitability.”

At Mercedes-Benz Cars, adjusted EBIT was €933m, down 47.2% from a twelvemonth earlier.

See also: Mercedes-Benz warns of anemic China luxury car request

Adjusted instrumentality connected income (RoS) was 4.1%, which was wrong its 3% to 5% full-year guidance range.

Unit income astatine the part dropped 6% to 419,430 vehicles, arsenic weaker request successful China was partially balanced by maturation successful Europe (+7%) and the US (+20%).

Excluding China, planetary car income roseate 5%.

The apical extremity conception represented 14.7% of planetary sales, wrong the company’s 14% to 15% people range.

Battery electrical conveyance (BEV) income accrued 8.7% globally and 34% successful Europe.

The institution said this was supported by request for models including the electrical CLA, GLC and GLB.

In China, Mercedes-Benz said marketplace unit continued due to the fact that of contention and subdued request during a exemplary modulation phase, though apical extremity income fell 3%, which the institution said outperformed the broader market.

Mercedes-Benz Vans reported adjusted EBIT of €415m and an RoS of 10.1%, somewhat supra its full-year guidance range, contempt pricing unit and merchandise premix effects.

The institution said it was continuing its merchandise rollout strategy nether a program to present much than 40 caller models betwixt 2025 and 2027.

Recent launches included updated apical extremity models specified arsenic the S-Class, EQS, GLS and Mercedes-Maybach S-Class, arsenic good arsenic caller Core and Entry conception vehicles including the electrical C-Class, CLA and GLB.

The radical besides unveiled the electrical VLE van.

Mercedes-Benz confirmed its full-year outlook, stating that it expects radical gross astatine prior-year levels and EBIT importantly supra 2025, chiefly due to the fact that prior-year restructuring charges volition not recur.