Mercedes-Benz Group AG

MBG: XETR (DEU)

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Mercedes-Benz Earnings: Top-Line Pressure Overshadows Progress on Turnaround Plan

Rella Suskin , Andrea Burigana

Feb 12, 2026

Mercedes’ car revenue fell 9% and adjusted EBIT dropped 45% in 2025 as pricing pressure, currency, and tariffs compounded a 9% volume decline. Cost savings of roughly EUR 3.6 billion partly cushioned profitability. The car midterm margin target was adjusted to 8%-10% from 10% to reflect tariffs.

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Mercedes-Benz Group AG

Mercedes-Benz Earnings: Top-Line Pressure Overshadows Progress on Turnaround Plan

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