BMW net profit dips on weaker China sales & delivery setback in Germany
BMW’s net profit crashed by over a third in 2024 to 7.68 billion euros ($8.32 billion), in line with an LSEG 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.
The premium carmaker expects its earnings margin for cars to be 5-7 per cent in 2025, at best a slight increase from last year’s 6.3 per cent, it said on Friday, anticipating intensifying trade wars and the continuation of tough competition in China.
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