Group 1 - The core performance of Mercedes-Benz in the fiscal year 2025 includes a revenue of €132.2 billion, an adjusted EBIT of €8.2 billion, and an industrial free cash flow of €5.4 billion, demonstrating financial resilience despite macroeconomic fluctuations [1] - The passenger car segment achieved an adjusted EBIT of €4.8 billion with an adjusted sales margin of 5.0%, which would be 6.1% excluding tariff impacts, remaining within the guidance range [1] - The light commercial vehicle segment reported an adjusted EBIT of €1.75 billion and maintained a double-digit adjusted sales margin of 10.2% for the fourth consecutive year, indicating strong profitability amid competition [1] Group 2 - Capital expenditures and R&D investments peaked in 2025, with high-end luxury and core luxury models accounting for 70%-80% of total model architecture investments, while the MB.OS operating system and driver assistance systems will span the entire product lineup [2] - Mercedes-Benz aims to maintain global passenger car sales at approximately 2 million units, with over 15% growth in high-end luxury model sales and a doubling of the share of new energy vehicles, targeting an adjusted sales margin of 8%-10% for its passenger car business [2] - The company is entering a phase of intensive technology and product rollout, with several industry-leading achievements being transformed into core competitive advantages [2]
奔驰2025年财报出炉：营收超1300亿欧元，研发投入去年达到峰值