Core Viewpoint - Mercedes-Benz's stock has significantly declined, with a drop of 3.19% leading to a market capitalization below €50 billion, reflecting worsening financial performance and market challenges [1][3]. Financial Performance - In Q2, Mercedes-Benz reported a net profit decrease of 69% to €957 million compared to the previous year [3]. - The company's revenue for Q2 was €33.15 billion, down 9.8% year-on-year, while EBIT fell by 68.56% to €1.27 billion from €4.04 billion in the same period last year [4]. Market Challenges - The decline in performance is attributed to tariffs, decreased sales, weak pricing, and reduced contributions from joint ventures [4]. - Mercedes-Benz warned that due to tariffs impacting car and truck sales, the group's annual revenue is expected to be significantly lower than last year [5]. Tariff Impact - A recent agreement between the U.S. and EU will impose a 15% tariff on cars imported from Europe, a reduction from the previous 27.5%, but still higher than the 2.5% tariff during Biden's term [5]. Operational Adjustments in China - Mercedes-Benz is closing several dealerships in China, with reports indicating over 100 dealer reductions planned [6][7]. - In Q2, the company's sales in China fell by 19% to 140,400 units, contributing to a total sales decline of 9% globally to 453,700 units [7][8]. - The shift in consumer preference towards more affordable domestic electric vehicles is impacting Mercedes-Benz's sales in China [8].
奔驰净利润暴跌69% 股价跳水