Mercedes-Benz Group AG
Hold by micke
MBG has been generating good profits and capital returns to share holders, both dividends and share buy backs. The main profit drivers are luxury ICE cars and vans. MBG had a €4bn buyback program 2024,and has a new €3bn program will start with goal of completion 2025Q2. The two buy back programs will reach the technical limit of 10% of all shares, the CFO has plans to ask the board and AGM 2025 for a new buy back program. MBG has significant value in Daimler trucks which could be transferred to share holders. ICE is an area where MB is very skilled and moving to EV:s there is a significant risk that new competitors mainly from China will change the market. The share prices reflects high risk so MBG could still be a good investment.
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