German luxury automaker Mercedes-Benz Group has revised down its earnings forecast for the fiscal year ending December 2026. Against a backdrop of weakness in the Chinese market and rising raw material costs, it lowered its outlook for EBIT growth.
German luxury automaker Mercedes-Benz Group announced that it would revise down its earnings forecast for the fiscal year ending December 2026. In its latest outlook, the company lowered its EBIT forecast from a level substantially above the previous year to roughly the previous year's level.
The company cited sluggish sales in the Chinese market and higher raw material costs as the main factors affecting performance, explaining that these factors would weigh on the earnings power of its core business. When EBIT growth exceeded 15% year on year, the company had described its outlook as "substantially above the previous year," but it appears unlikely to retain this wording following the latest revision.
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