利润同比下滑31%！奔驰三季度财报公布

Core Insights - Mercedes-Benz Group reported a significant decline in Q3 2025 financial performance, with revenue dropping by 6.9% year-over-year to €32.15 billion and net profit decreasing by 30.8% to €1.19 billion [1] - The company is facing challenges such as increased layoff costs, U.S. tariff pressures, and weak demand, prompting a restructuring plan aimed at saving €5 billion globally by 2027 [1] Financial Performance - Q3 2025 revenue: €32.15 billion, down from €34.53 billion in Q3 2024, a decrease of 6.9% [1] - Q3 2025 operating profit: €750 million, down 70.2% from €2.52 billion in Q3 2024 [1] - Adjusted EBIT for Q3 2025: €2.10 billion, down 17.3% from €2.54 billion in Q3 2024 [1] - Net profit for Q3 2025: €1.19 billion, down 30.8% from €1.72 billion in Q3 2024 [1] - Free cash flow for Q3 2025: €1.37 billion, down 42.9% from €2.39 billion in Q3 2024 [1] Sales Performance - Global sales in Q3 2025 reached 525,300 units, a decline of 12% year-over-year [2] - Passenger car sales: 441,450 units, down 12.3% from the previous year [2] - Electric vehicle sales increased by 10% to 96,300 units, with pure electric vehicle sales rising by 22% to 51,200 units [2] - In Europe, Q3 sales were 160,800 units, up 1% year-over-year, while North America and Asia saw declines of 1% and 7%, respectively [2] Market Context - The challenges faced by Mercedes-Benz are reflective of broader issues within the luxury automotive sector, with competitors like BMW and Porsche also experiencing sales declines [4] - BMW's Q3 2025 deliveries were 588,300 units, an increase of 8.8%, but with a slight decline in China [4] - The competitive landscape is shifting, with Mercedes-Benz planning new electric models such as the all-electric GLC and CLA, aiming to adapt to changing market dynamics [4][6]