BERLIN (Reuters) – Mercedes-Benz on Thursday posted first-quarter group adjusted return on sales of 14.8%, above market expectations, boosted by higher prices and strong demand.
“Mercedes-Benz Cars delivered an adjusted return on sales of 14.8%, due to healthy net pricing, higher sales and a good product mix,” the carmaker said in a statement.
Analysts expected an average adjusted return on sales of 13.4%.
First-quarter group earnings before interest and taxes rose to 5.5 billion euros and adjusted return and industrial free cash flow was at 2.2 billion euros.
(Reporting by Riham Alkousaa; Editing by Leslie Adler)
