Mercedes-Benz Reports Significant Downturn in Profit
(MENAFN) Mercedes-Benz has reported a significant downturn in its first-quarter earnings, attributing the decline to weaker luxury car sales in China and the potential impact of new U.S. tariffs.
The automaker's adjusted operating profit for the first quarter of 2025 plunged by 40.7% compared to the same period last year, reaching €2.3 billion ($2.6 billion). Net profit also fell by roughly 43%, settling at €1.7 billion ($1.94 billion).
Sales revenue dropped 7.41%, totaling €33.22 billion for the period, the company revealed.
Global vehicle deliveries decreased by 3.6%, with 446,300 units sold in the first quarter.
In a statement, Mercedes-Benz cautioned that the full implementation of the new US tariffs on automobile imports could further hinder its operating profit, free cash flow, and overall sales revenues.
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