In This Article:
Mercedes-Benz Group (ETR:MBG) Third Quarter 2024 Results
Key Financial Results
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Revenue: €34.5b (down 6.7% from 3Q 2023).
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Net income: €1.73b (down 52% from 3Q 2023).
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Profit margin: 5.0% (down from 9.8% in 3Q 2023). The decrease in margin was driven by lower revenue.
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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 still need to take note of risks, for example - Mercedes-Benz Group has 2 warning signs (and 1 which is significant) we think you should know about.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.