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SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

Mercedes Q1 profit rises 12%

The vans division of Mercedes Benz also reported a jump of 25 percent in revenues. (AFP)
  • The German automaker said its revenues were up 8% compared to the same period last year, reaching 37.5 billion euros, despite supply chain disruption
  • Sales in its top-end car range which includes the Mercedes-Maybach shot up by 18 percent to 91,772 units, pulling up the carmaker's bottom line

Berlin, Germany – Mercedes-Benz said Friday its net profits rose by 12 percent in the first quarter to 4.0 billion euros, buoyed by demand for its vans and priciest premium cars.

The German automaker said its revenues were up eight percent compared to the same period last year, reaching 37.5 billion euros, despite supply chain disruptions.

Sales in its top-end car range which includes the Mercedes-Maybach shot up by 18 percent to 91,772 units, pulling up the carmaker’s bottom line.

Its vans division also reported a jump of 25 percent in revenues.

“Our focus on top-end cars and premium vans has made Mercedes-Benz more weatherproof, allowing us to accelerate our digital and electric transformation –- even in a period of economic uncertainty,” said Harald Wilhelm, chief financial officer of the group.

The group said recent turbulence in the banking sector in the US and Europe were new uncertainties weighing on its outlook but energy prices are expected to be less volatile.

In addition, global supply bottlenecks are expected to ease further.

The strong demand for its vans led it to raise its profitability outlook to 11-13 percent from 9-11 percent previously.

On cars, the comparative target is seen to reach the upper end of 12-14 percent, it said.