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Despite inflation and supply chain costs: Mercedes increases dividend

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Despite inflation and supply chain costs: Mercedes increases dividend

The automaker’s positive business results in the van segment could not offset the losses in the passenger vehicle segment. picture alliance | Ralph Peters

Despite the increase in sales, Mercedes-Benz recorded a decline in adjusted earnings.

The causes are increased spending due to inflation and supply chain disruptions.

The shareholders will still receive an increased dividend of 5.30 euros per share and the company announces a share buyback.

Last year, Mercedes-Benz had to absorb increased expenses due to inflation and supply chain disruptions. Despite an increase in sales of a good two percent to 153.2 billion euros, as the Stuttgart-based company announced on Thursday, adjusted earnings before interest and taxes recorded a decline of over three percent to 20 billion euros.

The consolidated result fell by almost two percent to 14.5 billion euros. Nevertheless, shareholders should receive an increased dividend of 5.30 euros per share, which corresponds to an increase of ten cents. In addition, Mercedes had announced the evening before that it would buy back shares worth three billion euros.

The positive business results in the van segment could not compensate for the losses in the passenger vehicle segment last year. Although Mercedes achieved an average of two percent higher sales prices of 74,200 euros per car and had to spend less on raw materials, these advantages were largely offset by inflation and higher supply chain costs.

AA/dpa

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