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Mercedes 2022 earnings boosted by higher revenue

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Sales of top-end cars including the S-Class and EQS all-electric sedan saw particularly strong growth in 2022 and helped the carmaker overcome rising costs.

Global sales of Mercedes-Benz Cars were 2.05 million last year, including 149,227 sales of Mercedes and Smart full-electric vehicles.

The company’s fourth-quarter earnings were 5.4 billion euros.

Mercedes, which committed on Thursday to buy back up to 4 billion euros in shares by 2025, reported an adjusted free cash flow in its industrial business of 9.29 billion euros, down 8 percent from last year.

Mercedes said it will propose a dividend of 5.20 euros per share, up from 5 euros last year, amounting to a total payout of 5.6 billion euros.

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