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Volkswagen:Quarterly Results/2024 Q2: Difference between revisions
Volkswagen:Quarterly Results/2024 Q2 (view source)
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== Competitor expectations and results == | == Competitor expectations and results == | ||
=== Mercedes-Benz === | |||
Here is how Mercedes-Benz performed in the quarter and how it sees itself at the end of the year<ref>https://media.mercedes-benz.com/article/e0beffdd-4763-42f0-a95e-939763c1d20e</ref>. | |||
* Mercedes lowered its outlook for 2024 cars adjusted return on sales to a range of between 10% and 11% from 10-12% due to ramp-up costs for charging infrastructure and tough market conditions in China.. | |||
* It raised its outlook for 2024 vans adjusted return on sales to a range of 14%-15% from 12-14% initially due to favorable pricing and cost reductions during the quarter. | |||
* Mercedes reiterated its 2024 overall group guidance for revenue, EBIT and Group free cash flow. | |||
* The car maker expects a better second half. ''Sales and the model mix are expected to improve in the second half of the year, supported by further market launches of new models particularly in the Top-End segment," it said in a statement.'' | |||
{| class="wikitable" | |||
|+ | |||
!Key Items | |||
!Q2 2024 | |||
!Y/Y | |||
!Analysts estimate<ref>https://www.smartkarma.com/home/newswire/earnings-alerts/mercedes-benz-group-mbg-earnings-fy-return-on-sales-narrowed-q2-results-mixed/</ref> | |||
|- | |||
|Revenue | |||
|EU36.74 billion | |||
| -3.9% | |||
|EU37.22 billion | |||
|- | |||
|EBIT | |||
|EU4.04 billion | |||
| -19% | |||
|EU3.99 billion | |||
|- | |||
|Operating return on sales for cars division | |||
|10.2% | |||
| | |||
|10.3% | |||
|- | |||
|Operating return on sales for vans division | |||
|17.5% | |||
| | |||
|15.4% | |||
|} | |||
== References == | == References == | ||