DDAIF - Mercedes-Benz Group AG GAAP EPS of Euro3.26 revenue of Euro34.86B

Mercedes-Benz Group AG press release (OTCPK:DDAIF): Q1 GAAP EPS of €3.26. Revenue of €34.86B (+6.0% Y/Y). Group EBIT rose 11% to €5.2B (Q1 2021: €4.7B). The adjusted free cash flow of the industrial business was €1,210M (Q1 2021: €2,505M). Outlook: Mercedes-Benz Group revenue is seen slightly above 2021 while EBIT is seen at the prior-year level. Free cash flow from the industrial business is expected to remain at slightly below the 2021 reference. Mercedes-Benz Cars continues to expect a slight sales increase and an adjusted Return on Sales between 11.5% and 13% with full-year RoS seen at the higher end of this range.  Mercedes-Benz Vans sales are expected to rise slightly above the 2021 level and the adjusted Return on Sales is expected to remain at 8% to 10% and is expected at the upper half of this corridor. Mercedes-Benz Mobility adjusted Return on Equity is seen in the range of 16% to 18%.

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Mercedes-Benz Group AG GAAP EPS of €3.26, revenue of €34.86B