Mercedes-Benz Group AG
MBG: XETR (DEU)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| hm | LOCK|h^ | LOCK|gl?@gx |
Mercedes Earnings: Sharp Decline in Profitability as Expected; Material Downside From US Tariffs
Mercedes reported revenue and EBIT declines of 7% and 41%, respectively, at the lower end of full-year guidance. If tariffs as of April 28 remain for the full year, guidance for midpoint EBIT margins reduce from 7% to 4% for cars and from 11% to 9% for vans. This excludes secondary market effects.
