FX.co ★ Mercedes-Benz Says FY Free Cash Flow Of Industrial Business Exceeds Guidance And Market View

On Thursday, Mercedes-Benz Group announced that their early, non-reviewed financial outcomes for the year 2023 surpassed both their guidelines and market predictions. The increase was primarily due to a reduction in working capital levels and a positive cash conversion rate in their industrial sector.

The initial, non-audited free cash flow in their industrial business sector amounted to 11.3 billion euros. This is significantly higher than the estimated figure of 9.9 billion euros predicted by analysts. Previously, Mercedes-Benz projected their industrial business's free cash flow to be slightly greater than the level reported the year before.