Mercedes-Benz Retail restates 2020 losses

12 July 2023

Mercedes-Benz Retail Group accounts for the year ended December 2021 were published last week. They showed a profit before tax of £29.9m.

However, the retail group also voluntarily restated its 2020 results, after discovering mistakes. This saw loss increased from £19.7m to £20.3m.

Mercedes-Benz Retail Group CFO Tim Schoeler has officially left the business. His departure was announced as the retail group’s accounts were published.

Mercedes-Benz Retail exited the UK auto retail sector with the sales of its remaining sites – including the flagship Brooklands Mercedes-Benz World operation in Weybridge, Surrey – to Hedin in November 2022. It now retails under the agency model in the UK.

Tags: Mercedes-Benz Retail Group

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