Group net profit fell to 3.02 billion euros ($3.28 billion) from €3.56 billion in the second quarter last year. It beat analyst expectations of €2.95 billion, according to the Visible Alpha consensus.
Revenue fell to €36.74 billion from €38.24 billion, behind the Visible Alpha forecast of €37.06 billion. Industrial free cash flow dropped to €1.63 billion from €3.36 billion.
Earnings before interest and taxes came in at €4.04 billion, compared with €4.99 billion the year prior and slightly below with the Visible Alpha consensus of €4.06 billion.
Mercedes now expects a yearly adjusted return on sales of between 10% and 11% in its cars division after previously projecting a margin of between 10%-12%.

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