Mercedes-Benz Group (MBG) AGM 2026 summary

Opening remarks and agenda

• AGM 2026 was held virtually, emphasizing cost, sustainability, and positive prior experience with virtual formats.

• Shareholders' rights to speak, ask questions, and propose motions were safeguarded via an investor portal.

• The agenda included review of FY 2025, profit appropriation, ratification of Board actions, auditor appointment, remuneration report approval, and Supervisory Board elections.

• The agenda and management's proposed resolutions were published in advance and accessible online.

Financial performance review

• Sold 2.2 million cars and vans in 2025, a 10% decrease from the prior year; passenger car sales dropped 9%.

• FY 2025 revenue was €132.2 billion, down 9% from the previous year.

• EBIT was EUR 5.8 billion, earnings per share EUR 5.34, and free cash flow EUR 5.4 billion, in line with forecasts but below the previous year.

• EBIT fell 40% to €8.22 billion; free cash flow dropped 48% to €5.34 billion.

• Net liquidity stood at over EUR 32 billion despite heavy investments, dividends, and share buybacks.

Board and executive committee updates

• Board rejuvenated with new appointments in marketing, sales, Greater China, production, and technology.

• Board of Management saw significant reshuffling, with new appointments in 2025.

• Supervisory Board changes: Dame Polly Courtice and Prof. Dr. Helene Svahn stepping down; Dr. Katharina Beumelburg and Dr. Rashmi Misra proposed as new members.

• Remuneration system updated for 2026, focusing on clear, measurable targets and ESG criteria.

• Board members' terms and roles updated, reflecting rejuvenation and commitment to transformation.