梅赛德斯-奔驰集团Mercedes-Benz Group AG（MBGAF）2025年年度报告「OTC」（英文版）（409页）.pdf

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1、Mercedes-Benz GroupAnnual Report 2025The Mercedes-Benz Group In 2026,the Mercedes-Benz Group will celebrate a very special anniversary:140 years of innovation.Since the registration of the engine patent in 1886,the brand Mercedes-Benz has shaped mobility and continuously set new standards in technol

2、ogy,design,and progress.The Group is one of the most successful automobile companies in the world and one of the largest providers of high-end cars and premium vans.Financing,leasing,vehicle subscriptions and rentals,fleet management,digital services related to charging electric vehicles,and insuran

3、ce services round off the range of services.Annual Report 2025|Mercedes-Benz Group2To Our ShareholdersCombined Management ReportDeclaration on Corporate GovernanceConsolidated Financial StatementsFurther Information164,120Employees worldwideas of 31 Dec.2025132.2 billionRevenue5.8 billionEBIT32.2 bi

4、llionNet liquidity of the industrial business5.4 billionFree cash flow of the industrial businessAnnual Report 2025|Mercedes-Benz Group3To Our ShareholdersCombined Management ReportDeclaration on Corporate GovernanceConsolidated Financial StatementsFurther InformationAdjusted return on sales/Adjuste

5、d return on equity Adjusted cash conversion rateInvestments in property,plant and equipmentResearch and development expenditureUnit salesShare of electrified vehicles(xEVs)5.0%10.2%9.7%1.20.64.1 billion1.2 billion8.6 billion1.1 billion1.801 million 359 thousand20.5%7.9%Mercedes-Benz CarsMercedes-Ben

6、z VansMercedes-Benz Financial ServicesThe all-new Mercedes-Benz CLATO OUR SHAREHOLDERS6Letter from the CEO8The Board of Management9Report of the Supervisory Board18The Supervisory BoardAnnual Report 2025|Mercedes-Benz Group5To Our ShareholdersCombined Management ReportDeclaration on Corporate Govern