Mercedes-Benz drop after guidance cut; peers move lower

Porsche Automobil Holding SE

Tue 09:26

** Shares in Mercedes-Benz Group MBGn.DE slide around  5% after the German premium automaker cuts its 2026 guidance
** The company now expects an adjusted return on sales between 2% to 3% versus 3% to 5% anticipated earlier 
** Group's EBIT is now seen at the prior-year level compared to significantly above the prior-year level
** Stock among worst performers on STOXX 600 index .STOXX; if losses hold it will see its worst day since May 2025
** Peers BMW BMWG.DE, Renault RENA.PA, Volkswagen VOWG.DE all slip between around 3% and 3.5%


 (Reporting by Anastasiia Kozlova)
 ((Anastasiia.Kozlova@thomsonreuters.com))