Mercedes-Benz Group AG is planning to distribute 5.6 billion euros ($5.98 billion) to shareholders after revenue and net profit surged in the fourth quarter and the whole of 2022, though the company warned that sales should be flat this year as supply snags remain.
The German luxury-car maker
on Friday posted quarterly revenue of EUR41.00 billion, up from EUR35.24 billion the previous year.
Quarterly net profit jumped 63% to EUR4.03 billion, bringing profit for the year to EUR14.81 billion, up 34%.
Earnings before interest and taxes–a key profitability metric–rose to EUR5.41 billion in the quarter from EUR4.12 billion.
Analysts polled by FactSet had forecast quarterly revenue of EUR38.44 billion on profit of EUR3.73 billion and EBIT of EUR5.14 billion.
The company said it would propose a dividend of EUR5.20 a share for 2022, or EUR5.6 billion in total, topping the EUR5.00 a share it paid for the previous year.
Mercedes-Benz said the global shortage of semiconductors was easing, though supply constraints remained.
For 2023, Mercedes-Benz expects revenue at the 2022 level, and EBIT slightly below it.
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