Mercedes-Benz Group AG on Friday confirmed its outlook for the year and reported higher profit and revenue in the first quarter on sales of top-end cars and vans and improved pricing.
The German luxury car maker XE:MBG said net profit rose to 3.945 billion euros ($4.35 billion) from EUR3.49 billion in last year’s first quarter. Revenue increased 7.6% to EUR37.52 billion. Earnings before interest and taxes were confirmed at EUR5.50 billion, in line with preliminary figures released last week, while adjusted EBIT rose to EUR5.42…
