Mercedes-Benz struck a slightly more optimistic tone alongside its first quarter results on Friday, saying demand in China and the United States was showing signs of picking up as markets recover from inflationary and supply chain shocks.
A logo of the Mercedes-Benz is seen outside a Mercedes-Benz car dealer in Brussels, Belgium March 13, 2023. REUTERS/Yves HermanSupply chains improving, costs stabilising - CFOstruck a slightly more optimistic tone alongside its first quarter results on Friday, saying demand in China and the United States was showing signs of picking up as markets recover from inflationary and supply chain shocks.
But on Friday it lifted guidance for the annual adjusted return on sales at its vans division to 11%-13% from 9-11%, and said it expected to hit the higher end of its 12%-14% forecast for returns in the cars division.group earnings of 5.5 billion euros for the first quarter, and adjusted return on sales for its cars division of 14.8%, above expectations but below last year's 16.4% margin.
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