Mercedes-Benz Group (MBG) AGM 2025 summary

Opening remarks and agenda

• The meeting was opened by the new Chairman of the Supervisory Board, who welcomed participants and outlined the virtual format, emphasizing cost, sustainability, and increased shareholder participation compared to previous years.

• Shareholders' rights to speak, ask questions, and propose motions are fully safeguarded via the Investor Portal, with speeches and questions managed through video communication.

• Covered corporate profile, review of FY 2024, strategy, AGM 2025 items, and Supervisory Board updates.

• The agenda includes speeches, general debate, and voting on all items, with voting rights exercised via postal vote or proxy instructions.

Financial performance review

• FY 2024 revenue reached €145.6 billion, with EBIT at €19.7 billion, both declining year-over-year.

• Despite industry challenges, the company sold 2.39 million vehicles in 2024, a 3% decline but outperforming competitors.

• Earnings per share dropped 24% to €10.19; free cash flow and RoS also declined.

• Net industrial liquidity remained stable at €31.1 billion.

• Achieved €13.6 billion in group earnings, €10.2 earnings per share, and €9.2 billion free cash flow, maintaining a strong financial position.

Board and executive committee updates

• Three Board of Management members are retiring, with new appointments made to rejuvenate the board and continue transformation.

• The Supervisory Board proposes reappointing five members and welcomes three new employee representatives.

• Five Supervisory Board members have regular end of term in 2025; all up for re-election are committed to continuing.

• Adjusted competence profile for Supervisory Board includes regional expertise and diversity.

• An adjusted Executive Board remuneration system, effective from 2026, will focus more on ESG goals and clearer performance criteria.