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  1. #1
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    Mercedes-Benz beats profit forecasts Supply Chain Trouble in 2022

    Mercedes-Benz beats profit forecasts Supply Chain Trouble in 2022-benz-700x420.jpg


    Mercedes-Benz Cars & Vans expects adjusted earnings before interest and taxes (EBIT) to be 14 billion euros ($15.9 billion) in 2021 and sees the supply chain still struggling in 2022, it said. Friday

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    The luxury carmaker forecast adjusted return on sales of 12.7% for the full year, beating its own guidance of 10%-12%, given soaring electric vehicle sales coupled with supply chain issues. The company said at the time of revealing the preliminary results.

    But high raw material prices and semiconductor shortages are expected to prevent it from meeting strong demand for its products this year, Chief Financial Officer Harald Wilhelm told analysts.

    The chip shortage will ease in the second half of 2022, he said, adding that a "good portion" of raw material costs was locked in. But unit sales still need to increase to mitigate the impact of higher costs.

  2. #2
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    Re: Mercedes-Benz beats profit forecasts Supply Chain Trouble in 2022

    The luxury carmaker forecast adjusted return on sales of 12.7% for the full year, beating its own guidance of 10%-12%, given soaring electric vehicle sales coupled with supply chain issues.
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