)

Mercedes-Benz Group (MBG) investor relations material
Mercedes-Benz Group Q2 2025 (Media) earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Revenue for H1 2025 declined 9% year-over-year to €66.4 billion, with net profit down 56% to €2.7 billion and EBIT down 55% to €3.6 billion, mainly due to lower unit sales, negative exchange rates, and softer pricing.
Adjusted EBIT and free cash flow of the industrial business also fell, while the share of electrified vehicles in total unit sales increased to 20.1% in H1 2025.
Significant events included the sale of production and sales capacities in Argentina, workforce adjustment programs in Germany, and the launch of the all-electric CLA.
Financial highlights
Q2 2025 revenue was €33.2 billion, down 10% year-over-year; net profit was €957 million, down 69%.
H1 2025 EBIT was €3.6 billion (down 55%), net profit €2.7 billion (down 56%), and EPS €2.69 (down 54%).
Free cash flow of the industrial business rose slightly to €4.2 billion, with adjusted free cash flow at €4.4 billion.
Net liquidity of the industrial business was €30.8 billion at June 30, 2025, down €0.6 billion from year-end 2024.
Investments in property, plant, and equipment totaled €1.6 billion in H1 2025; R&D expenditure was €4.7 billion.
Outlook and guidance
Full-year 2025 revenue, EBIT, and free cash flow are now expected to be significantly below prior-year levels due to challenging markets and additional tariffs.
Mercedes-Benz Cars and Vans both expect unit sales to be significantly below 2024, with adjusted return on sales forecast at 4-6% for Cars and 8-10% for Vans.
Adjusted cash conversion rates are expected to decrease, and the share of electrified vehicles is forecast at 20-22% of unit sales.
Next Mercedes-Benz Group earnings date

Next Mercedes-Benz Group earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage