BMW Group adjusts guidance for 2024 financial year

Sep 10, 2024 · The Board of Management of BMW AG adjusted the guidance for the 2024 financial year today. ... The full quarterly results and the adjusted outlook report will be published on 6 November 2024 in the BMW Group Quarterly Statement to 30 September 2024. ... BMW …

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BMW Revises 2024 Financial Outlook Amid Sales Slump And

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Sep 10, 2024 · Consequently, BMW now expects a slight decrease in deliveries compared to the previous year, an EBIT margin between 6% and 7%, and a Return on Capital Employed …

benzinga.com

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Robust Results Within Full-year Guidance: BMW Group Has A …

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May 8, 2024 · For the full year, the BMW Group is targeting a free cash flow in the Automotive Segment above € 6 billion, despite peak investments in R&D and CAPEX in 2024. “A long …

bmwgroup.com

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BMW Sales Fell In 2024 On Technical Issues, Weak China Demand

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BMW group sales fell 4% in 2024 as the German automaker was hit by technical issues and subdued demand in China. The result matched rival Mercedes-Benz, which also reported a …

wsj.com

FAQs about BMW Group adjusts guidance for 2024 financial year Coupon?

Why did BMW adjust guidance for the 2024 financial year?

M unich. The Board of Management of BMW AG adjusted the guidance for the 2024 financial year today. This was triggered in part by additional headwinds in the Automotive Segment resulting from delivery stops and technical actions linked to the Integrated Braking System (IBS) that is provided by a supplier. ...

How will BMW Group perform in 2024?

For the full year 2024, the BMW Group anticipates a positive net balance from currency and commodity positions. Resale results from end-of-lease vehicles proved to be a headwind against Q1/2023 yet remained positive. Starting with the second quarter of 2023, the competitive environment has intensified due to a better availability of vehicles. ...

When will BMW Group's quarterly results be published?

The full quarterly results and the adjusted outlook report will be published on 6 November 2024 in the BMW Group Quarterly Statement to 30 September 2024. The definitions of the KPIs can be found in the Glossary of the BMW Group Report 2023 on pages 338 to 343. ...

How did BMW perform in Q3 2024?

BMW GROUP PERFORMANCE PER Q3 2024. Group EBT margin of 8.4% after 9 months; 2.6% in Q3. Automotive EBIT margin of 6.6% after 9 months; 2.3% in Q3. BMW Group global sales -4.5% after 9 months. BMW brand sales +4.0% excluding China. EU growth +7.6%. US with stable market share. Significant increase of 19.1% in BEV sales after 9 months. ...

What happened to BMW in 2024?

Munich. The BMW Group continues its successful course in 2024: parallel to its dynamic BEV ramp-up, the company achieved its margin targets. In the first three months of the year, the company delivered around 83,000 all-electric vehicles from its BMW, MINI and Rolls-Royce brands and increased BEV sales by around 28 percent. ...

How did BMW achieve its BEV margin targets in 2024?

Munich, Germany - May 8, 2024... The BMW Group continues its successful course in 2024: parallel to its dynamic BEV ramp-up, the company achieved its margin targets. In the first three months of the year, the company delivered around 83,000 all-electric vehicles from its BMW, MINI and Rolls-Royce brands and increased BEV sales by around 28 percent. ...