Mercedes-Benz, gross sales decline. But CEO Källenius is the best paid at Dax | EUROtoday

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Paid greater than all his colleagues on the primary German inventory alternate listing, the Dax, whereas the outcomes of the Mercedes-Benz Group trigger some concern. The CEO Ola Källenius, 54, earned 12.74 million euros in 2023, the “richest” amongst colleagues on the largest listed firms in Germany. The Swedish supervisor overtook the top of Deutsche Börse Theodor Weimer, 64, who took house 10.60 million, and Belen Garijo, 63, of the chemical-pharmaceutical large Merck (10.53 million). According to an evaluation by the Reuters company, these CEOs are the one three to exceed the ten million mark in Germany. Both Källenius and Weimer benefited above all from the truth that final yr they obtained bonuses from earlier years. However nothing, so to talk, in comparison with the 36.5 million Carlos Tavaresprimary at Stellantis, report compensation that didn’t persuade the shareholder funds.

At the identical time, nonetheless, Källenius can’t smile concerning the outcomes of the group he has led for 5 years. Given that, in his opinion, the three-pointed star's electrical automobiles would win virtually each technical comparability, because the supervisor defined firstly of March, when Chancellor Olaf Scholz visited the most important Mercedes plant on the historic Sindelfingen website. «Believe me, we’re a lot forward of the Chinese», underlined Källenius in abstract, as reported by Handelsblatt. And when it comes to efficiency, consumption, autonomy or precise charging pace, it may be.

The downside is the comparability with the fact of the market. In 2023, Mercedes offered a minimum of 170,000 fewer totally electrical automobiles than deliberate. The group closed the yr with a web revenue of 14.53 billion euros, -1.9% in comparison with 2022. And within the first quarter of 2024, deliveries of electrical automobiles truly decreased by 9%. This can be why Mercedes will put revised variations of the Eqs and Eqe fashions in the marketplace from the top of April.

Looking on the element, Mercedes-Benz automobile gross sales they reached 463 thousand items (-8%) within the first quarter, however with a worrying -17% in Germany and -15% in China. Demand for plug-in hybrid automobiles led to a 6% gross sales improve within the first three months, whereas Mercedes-Benz Cars' world battery electrical car (BEV) gross sales reached 47,500 items (-8%) within the first quarter, whereas the Smart Fortwo has reached the top of its life cycle (-30%). Overall, electrical automobiles accounted for 10 % of complete Mercedes-Benz Cars gross sales within the first quarter and 19 % when plug-in hybrid automobiles are included.

The German rival within the premium sector, BMW, nonetheless held its total outcome (+1.1% to 595 thousand items) and amazed with the electrical ones: deliveries to clients of battery-powered fashions such because the i4, the iX1 and the i7 of BMW rose 41% within the three months to March in contrast with the identical interval a yr earlier, the corporate mentioned on Wednesday. The outcomes helped the group's EV gross sales develop by 28%. BMW's outcomes distinction with the numerous slowdown in demand for electrical automobiles, notably in Europe, the place battery-powered automobiles have shrunk as a share of total gross sales after governments, beginning with Berlin, withdrew incentives.