Mercedes-Benz saw a rise in earnings before interest and taxes (EBIT) to 5.2 billion euros ($5.54 billion) in the first quarter even as deliveries fell 10%, with high prices making up for supply chain troubles.

The premium carmaker confirmed its guidance for the year, expecting an adjusted EBIT margin of 11.5 - 13% in the cars division, but warned worsening effects of the war, COVID-19 lockdowns and semiconductor shortages could alter its outlook.

($1 = 0.9391 euros)

(Reporting by Victoria Waldersee)