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Mercedes-Benz drops in stock market: gains 28% less in 2024 and cuts forecasts

Summary by bolsamania.com

In particular, Mercedes-Benz's turnover stood at 145.6 billion euros, which is 4.5% less than the previous year, and its EBIT has stood at 13.599 million, 30.8% below. The free cash flow of the industrial business reached 9.2 billion euros, compared to 11.3 billion euros in 2023, mainly due to "a very high rate of cash conversion in the car and van business." The net liquidity of the industrial business reached 34.4 billion euros, compared to 31…

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bolsamania.com

Mercedes-Benz drops in stock market: gains 28% less in 2024 and cuts forecasts

1 day ago

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Business Insider (Spain)

Mercedes reduces its profit by 28% in 2024 due to its weakness in China

Mercedes closes 2024 with a fall of 28.4% in its profits, affected by weakness in the Chinese market and a turnover of 4.5% less than the previous year.

1 day ago

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