Mercedes-Benz Group (MBG) Investor presentation summary

Strategic highlights and product innovation

• Launched the largest product rollout in history, including new CLA, GLC, and GLB models, with the CLA awarded Car of the Year 2026 and recognized for safety and performance.

• Introduced MB.OS, an AI-powered software platform, and advanced automated driving features, including L4 robotaxi capabilities.

• Focused on cost discipline, operational efficiency, and resilience, with significant cost reductions across production, materials, and fixed costs.

• Maintained a strong position in top-end and electric vehicles, with G-Class achieving record sales and BEV sales up 23% in H2 2025.

• Expanded global footprint and localization, especially in China, the USA, and best-cost countries, optimizing production and supply chains.

Financial performance and outlook

• Adjusted EBIT for FY25 reached EUR 8.2 bn, with group EBIT at EUR 5.8 bn after restructuring charges; free cash flow (industrial business) was EUR 5.4 bn.

• Cars RoS adj. at 5.0% (within 4–6% guidance), Vans RoS adj. at 10.2% (above guidance), and FS ROE adj. at 9.7% (above guidance).

• Revenue declined 9% YoY to EUR 132.2 bn, with car sales down 9% and van sales down 11%; BEV and top-end shares increased.

• Dividend of EUR 4.1 bn paid, new share buyback program of up to EUR 2.0 bn launched, supporting >20% total shareholder return in 2025.

• 2026 guidance: Cars RoS adj. 3–5%, Vans RoS adj. 8–10%, FS ROE adj. 10–12%, group EBIT significantly above, FCF slightly below prior year.

Sustainability and funding

• Committed to Ambition 2039: net carbon-neutral fleet by 2039, with major reductions in CO2, energy, water, and waste per vehicle.

• Achieved up to two-thirds lifecycle carbon footprint reduction for new BEVs versus combustion models.

• Expanded renewable energy use, aiming for 100% by 2039, and improved energy efficiency by 25% per vehicle by 2030.

• Maintained strong ESG ratings and robust green finance framework, with high transparency and dark green CICERO rating.

• Funding strategy emphasizes diversification, financial independence, and liquidity, with a well-balanced bond maturity profile and stable net industrial liquidity at EUR 32.2 bn.