Mercedes-Benz Group AG
MBG: XETR (DEU)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| <Y | LOCK|FK | LOCK|Ky>CC@ |
Mercedes-Benz Earnings: Top-Line Pressure Overshadows Progress on Turnaround Plan
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.
