BERLIN (Reuters – Mercedes-Benz Cars and Vans anticipates a 12.7% adjusted return on sales for the entire year. The company released preliminary numbers on Friday with an EBIT adjusted of 14 billion Euros ($15.94 Billion).

According to it, the adjusted return on sales for the fourth quarter was 15%.

According to the statement, “Solid net pricing and good product mixes” helped boost profitability even when semiconductor shortages restricted the production of the vehiclemaker’s vehicles.

Mercedes-Benz split off Daimler Truck, its business for commercial vehicles, in December 2013. It expects this deconsolidation, with an estimated positive effect on EBIT by the group of 9-10 billion to 10 million euros.

Management believed that the valuation effect would not have any impact on cash flow, and should therefore be eliminated from the base for determining dividends.

Mercedes-Benz suffered a sales decline of 5% to 2.05 Million vehicles in 2021. It lost its title as premium carmaker selling the most BMW vehicles for five years.

Ola Kaellenius is the CEO. He stated on numerous occasions that Ola was aiming to enhance profitability, rather than solely focusing on unit sales. The company has been trying to raise its multiple in the stock exchange since the separation from Daimler Truck.

Mercedes-Benz expects to release full-year financial results by February 24,

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