Mercedes-Benz Group Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Mercedes-Benz Group (ETR:MBG) Third Quarter 2024 Results

Key Financial Results

• Revenue: €34.5b (down 6.7% from 3Q 2023).
• Net income: €1.73b (down 52% from 3Q 2023).
• Profit margin: 5.0% (down from 9.8% in 3Q 2023). The decrease in margin was driven by lower revenue.
• EPS: €1.81 (down from €3.44 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Mercedes-Benz Group EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 5.4%. Earnings per share (EPS) exceeded analyst estimates by 1.5%.

Looking ahead, revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Auto industry in Germany.

Performance of the German Auto industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Mercedes-Benz Group (including 1 which is potentially serious).

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