© Reuters. The Mercedes-Benz logo is seen on a car in front of the Mercedes-Benz Museum in Stuttgart, Germany February 11, 2020. REUTERS/Andreas Gebert/File Photo
(Reuters) – Mercedes-Benz (OTC:) 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)
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