Revenue is anticipated to rise barely this yr in contrast with 2021 as provide chain bottlenecks ease nevertheless it was too quickly to foretell an finish to the worldwide semiconductor scarcity, the corporate mentioned.
Mercedes-Benz will concentrate on its most luxurious autos and convey extra software program in-house to deal with larger prices and provide chain bottlenecks that are more likely to proceed to weigh on returns, the corporate mentioned on Thursday.
The carmaker noticed gross sales drop 5% in 2021 as provide chain shortages constrained manufacturing and it continues to widen its supply base for semiconductors and develop security inventory to guard towards continued bottlenecks, CFO Harald Wilhelm mentioned.
Despite provide constraints, the carmaker expects top-end automobile gross sales to rise 10% this yr because it prioritizes the supply of its most costly fashions over maximizing unit gross sales, a method CEO Ola Kaellenius hopes will solidify Mercedes-Benz’s picture as a luxurious firm.
The value of bringing software program in-house was not more than bringing in several parts from varied companions, Kaellenius mentioned, including that it was a greater option to management spending.
“Do you continue the path we have been on for the last 20-30 years, purchasing a patchwork of software… or do you take destiny into your own hands and make sure you have the core stack controlled by you?” Kaellenius mentioned.
The Mercedes-Benz Cars & Vans division greater than doubled its annual adjusted earnings earlier than curiosity and taxes (EBIT) to 13.9 billion euros ($15.61 billion) from 6.8 billion euros final yr, lifted by income from automobile gross sales and electrical passenger vehicles , which grew 30% and 64% respectively.
The firm will suggest a dividend of 5 euros per share for the yr, a major soar from final yr’s 1.35 euros. Around 0.7 euros of this may characterize the Daimler Truck dividend, because the truckmaker won’t make a separate payout this yr, the corporate mentioned.
Revenue is anticipated to rise barely this yr in contrast with 2021 as provide chain bottlenecks ease nevertheless it was too quickly to foretell an finish to the worldwide semiconductor scarcity, the corporate mentioned.
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With inputs from NDTV
