STUTTGART (Germany), Feb 12 (Bernama-dpa) -- Profit at German carmaker Mercedes-Benz nearly halved in 2025, as tariffs, foreign exchange headwinds, and intense competition in China weighed on results, German Press Agency (dpa) reported.
The company said on Thursday that net profit fell by around 49 per cent to €5.3 billion (US$6.3 billion) from €10.4 billion a year earlier.
Revenue declined 9.0 per cent to €132.2 billion, while earnings before interest and taxes (EBIT) dropped 57 per cent to €5.82 billion.
The company said more than €3.5 billion in cost savings in its passenger car division had partially offset external headwinds.
Chief executive Ola Källenius said financial results were in line with forecasts and reflected a "sharp focus on efficiency, speed, and flexibility," according to the statement.
"Now we are all set for 2026," Källenius said, adding that Mercedes was pushing ahead with its transformation strategy.
-- BERNAMA-dpa
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