BERLIN (Reuters) – Mercedes-Benz on Friday raised its annual adjusted sales return forecast for its van division to 11-13%, from 9-11% previously, and expects to hit the top of its forecast of 12- 14% for its entire automotive division.

Overall, global growth is expected to remain subdued, but with inflation gradually easing, energy prices should be less volatile, the group said, which expects demand to be good in the states. United States and China.

In Europe, demand is sluggish, he added, with the order book only supporting sales in the coming months.

The German carmaker announced a profit of 5.5 billion euros and an adjusted sales return of 14.8% for its automotive division in the first quarter, a figure above expectations but below the 16.4% margin of Last year.

Mercedes-Benz Vans reported an adjusted return margin of 15.6%, up from 12.6% a year ago, thanks to improved deliveries and pricing.

Sales rose 3% across the group to nearly 503,000 units as supply chain bottlenecks continued to ease.

(Report Victoria Waldersee, Augustin Turpin, edited by Blandine Hénault)

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