Mercedes-Benz raises profit outlook as higher prices boost margins

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Mercedes-Benz raises profit outlook as higher prices boost margins
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Mercedes-Benz on Wednesday raised its full-year forecast for operating profit, on the back of higher prices that helped the luxury carmaker shrug off higher material costs and negative currency effects.

on Wednesday raised its full-year forecast for operating profit, on the back of higher prices that helped the luxury carmaker shrug off higher material costs and negative currency effects.

Frankfurt-listed shares in the company , which is scheduled to report full second-quarter results on Thursday, narrowed losses following the news to trade 0.4% lower. That segment is now expected to deliver an adjusted return on sales of 13% to 15% in 2023, up from 11% to 13% previously forecast, marking the second outlook upgrade in less than three months.

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