Mercedes-Benz shares climbed on Thursday morning after the German carmaker beat fourth-quarter earnings expectations and announced a new share buyback program.
German automobile maker Mercedes-Benz Group on Thursday reported that its fourth-quarter profit attributable to shareholders fell 21.7% to €3.12 billion ($3.4 billion) from last year's €3.98 billion. Earnings per share were €2.99, down 19.7% from prior year's €3.72. EBIT of €4.33 billion declined 20.1% from the prior year.Revenue fell 1.8% to €40.26 billion from last year's €41 billion, with a 3.2% drop in Mercedes-Benz Cars unit. Mercedes-Benz Vans revenue grew 9.7% and Mercedes-Benz Mobility r
Mercedes announces that its Supervisory Board has renewed the mandates of Renata Jungo Brüngger until the end of 2025 and Britta Seeger until the end of 2029. Otherwise, the contracts would have.