For example,
Second trimester | strong fall:
(Frankfurt) The high-end car manufacturer Mercedes-Benz reported on Wednesday a strong drop in its net profit in the second quarter. For example, weighed down by its sales in China and by American customs duties, which have led him to lower his forecasts for the year. Consequently,
Posted at 6:44 a.m.
The German group gave a profit of 957 million euros (1521 million Canadian dollars). Therefore, well below the expectations of experts and down 68.7 % over a year, he said in a statement. In addition,
For the year 2025. In addition, it now provides “clearly” lower sales than second trimester | strong fall last year, as well as operating margin for car sales between 4 % and 6 %, against 6 % and 8 % previously. Moreover,
Experts interviewed by the Factseet financial platform tapped over a higher profit, at 1.52 billion euros (2.42 billion Canadian dollars). However,
This is 8e Consecutive quarter in decline, after three years of spectacular profits which succeeded the health restrictions of 2020.
Turnover has dropped by almost 10 %, to 33.15 billion euros (52.68 billion Canadian dollars), weighed down by a drop in 9 % car deliveries worldwide.
From April to June. the Stuttgart group underwent 19 % of its deliveries in China, its main market, where it has long made more than a third of its sales.
In the United States. its deliveries to the dealers have dropped by 12 % due to the additional American customs duties that entered into force in April, which borne cars imported to 27.5 %.
Mercedes also mentions lower prices and costs related to savings measures.
Consequence: the operating margin of car sales plunged just 5.1 % in the second quarter, compared to 7.3 % in the first quarter.
Without American customs duties, it would have reached 6.6 %, the statement said.
From 1is August. car manufacturers will only suffer 15 % customs duties, like other European industrialists, thanks to an agreement between Washington and Brussels announced on Sunday.
These taxes. although lower, will however cost “billions each year to second trimester | strong fall German automobile companies,” said Hildegard Mueller, president of the Federation of German Automobiles VDA.
For the automotive sector. the pillar of the German economy and the country’s first industrial sector, these customs surcharge are added to an already difficult situation between increased Chinese competition and cost of the turn to electric mobility.
The first European automaker Volkswagen. in difficulty, also announced last Friday, lowering its forecasts for the year due to customs duties.
Second trimester | strong fall
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