BERLIN (Globalfinserve) – BMW’s net profit crashed by over a third in 2024 to 7.68 billion euros ($8.32 billion), in line with analyst’s forecast, after a combination of weak sales in China and Germany as well as delivery hold-ups because of problems with a brake dented performance.
BMW expects its earnings margin for cars to be 5-7% in 2025, at best a slight increase from last year’s 6.3%, it said on Friday, expecting intensifying trade wars and the continuation of tough competition in China.
BMW shares tumbled 2.3% on 13 March, hitting a low of 82.32 / share.