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Germany's Mercedes-Benz reports slight increase in sales in 2023

FRANKFURT
2024-02-23 00:52

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FRANKFURT, Feb. 22 (Xinhua) -- Germany's premium automaker Mercedes-Benz Group AG reports unit sales of 2.49 million in 2023, slightly up over 2022, the company said in its annual report on Thursday.

Of the total, 2,044,100 units were cars, and 447,800 were vans.

The company posted 153.2 billion euros (165 billion U.S. dollars) in revenue, showing a slight increase over 2022's 150 billion euros.

The Group Earnings Before Interest and Taxes (EBIT) fell to 19.7 billion euros from 2022's level of 20.5 billion euros. The company attributed the drop in profit to high inflation and the constraint of the supply chain.

"Mercedes-Benz continued its transformation in 2023, developing new cutting-edge electric and digital innovations, while scaling electric vehicles and delivering solid financial results," said Ola Kaellenius, Chief Executive Officer of Mercedes-Benz Group AG. (1 euro = 1.08 U.S. dollar)
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