Mercedes-Benz (MBGn.DE) raised its vans division’s annual adjusted return on sales prediction to 11-13% from 9-11% on Thursday and said it anticipated meeting the higher end of its 12-14% cars division forecast.
The carmaker predicted lower worldwide growth, but inflation was falling, energy costs stabilized, and demand was strong in the U.S. and China.
The order book only supported sales in Europe, it noted.
Mercedes-Benz’s first-quarter earnings were 5.5 billion euros ($6.06 billion), and its vehicles. The division’s adjusted return on sales was 14.8%, surpassing estimates below last year’s 16.4%.
Improved deliveries and pricing raised the vans division’s adjusted returns margin to 15.6% from 12.6% last year.
Supply chain constraints were reduced, raising group sales by 3% to roughly 503,000 units.
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