Mercedes-Benz reports 2023 free cash flow above expectations in industrial business

(Reuters) – Mercedes-Benz reported a preliminary free cash flow for its industrial business of 11.3 billion euros ($12.28 billion) on Thursday, above market expectations, which it attributed to lower working capital levels and a favourable cash conversion rate.

The carmaker is due to report full-year results on February 22.

($1 = 0.9200 euros)

(Reporting by Victoria Waldersee)

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