(Bloomberg) — Stocks paused their gains amid a flurry of corporate news and earnings with traders adopting a cautious stance before the Federal Reserve’s policy decision on Wednesday. Europe’s benchmark Stoxx 600 posted small moves as car makers Volkswagen AG, Mercedes-Benz Group AG and Stellantis NV retreated, offsetting better-than-expected economic data from France and Spain.…
By David Sachs Mercedes-Benz Group said net profit and revenue for the first quarter fell on lower cars sales and supply-chain bottlenecks but confirmed its guidance for the full year. The.
Performance: Q1 adjusted Return on Sales reached 9.0% at Mercedes-Benz Cars and 16.3% at Mercedes-Benz Vans ; Mercedes-Benz Mobility adjusted Return on Equity at 8.5% .
New products: World.
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Mercedes-Benz reports Q1 sales of 35,873 ME, down 4.4% on the same period a year earlier. At the same time, adjusted EBIT contracted by 33.6% to 3,598 ME, and net income came in at 3,025 ME, down.