Mercedes-Benz AG : Solid FY print but unlikely to dispel all doubts
>Solid Q4 results and reassuring 2023 outlook - Mercedes-Benz reported Friday morning solid full-year results, above expectations, driven by a still robust turnover while margins continue to normalize after the very strong start of 2022. The group also sought to reassure on 2023 outlook (EBIT “slightly below prior year level"), insisting on its willingness to remain disciplined on prices to offset inflationary pressures and a still supply-restricted volume environment...Daimler provides a range of transportation products, including passenger cars and commercial vehicles, and also financial services. Co. operates in five segments. Mercedes-Benz Cars sells passenger cars and off-road vehicles under the Mercedes-Benz brand and small cars under the smart brand. The Daimler Trucks distributes its trucks (Mercedes-Benz, Freightliner, FUSO, Western Star, Thomas Built Buses and BharatBenz). The vans of the Mercedes-Benz Vans segment are sold under the brand name Mercedes-Benz and Freightliner. Daimler Buses sells completely built-up buses (Mercedes-Benz and Setra). The Daimler Financial Services division supports sales of Co.'s automotive brands.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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