Mercedes shares climb 5% on share buyback, despite 'exceptional' uncertainty ahead
Publishing timestamp: 2024-02-22 11:53:44
Summary
Mercedes-Benz beat fourth-quarter earnings expectations, announced a new share buyback program, but warned of significant supply chain bottlenecks and geopolitical uncertainties. The company sees flat growth in 2024 due to inflation and supply chain costs, but remains confident in its ability to overcome challenges and continue investing in future development.
Sentiment: MIXED
Tickers: MBG-DE,
Keywords: luxury, breaking news: business, earnings, breaking news: markets, transportation, markets, autos, business news, mercedes benz group ag,