Mercedes-Benz Group (MBG) AGM 2026 summary

Opening remarks and agenda

• The AGM was held virtually to enhance cost, sustainability, and efficiency, with full shareholder rights maintained via an investor portal.

• The agenda included review of FY 2025, appropriation of distributable profit, ratification of Board and Supervisory Board actions, appointment of auditors, approval of remuneration report, and elections to the Supervisory Board.

• Formalities included the publication of the agenda and management’s proposed resolutions in the Federal Gazette.

Financial performance review

• FY 2025 revenue was €132.2 billion, down 9% from the previous year, with sales of 2.2 million cars and vans, a 10% decrease.

• EBIT was €8.22 billion, down 40%, and free cash flow from industrial business was €5.34 billion, both below the previous year.

• Earnings per share were €5.34.

• Net industrial liquidity remained stable at €32.2 billion.

• The annual financial statements and remuneration report for 2025 received unqualified audit opinions from PricewaterhouseCoopers.

Board and executive committee updates

• The Board of Management was rejuvenated with significant reshuffling and new appointments in marketing, sales, Greater China, production, and technology.

• Board members' terms and roles were updated, reflecting a commitment to transformation.

• Changes in the Supervisory Board included the departure of two members and the nomination of Dr. Katharina Beumelburg and Dr. Rashmi Misra, both with expertise in sustainability and AI.

• The Supervisory Board recommended the re-election of Marco Gobbetti to ensure continuity in premium brand strategy.