BMW Revises 2024 Financial Outlook Amid Sales Slump And Technical Issues Impacting 1.5M Vehicles
Portfolio Pulse from Benzinga Neuro
BMW AG has revised its 2024 financial outlook due to a slump in global sales and technical issues affecting 1.5 million vehicles. The company expects a slight decrease in deliveries, an EBIT margin between 6% and 7%, and a RoCE between 11% and 13%. The Free-Cash-Flow in the Automotive Segment is anticipated to be above €4 billion. The full quarterly results will be published on Nov. 6, 2024.
September 10, 2024 | 1:10 pm
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BMW AG has revised its 2024 financial outlook due to a slump in global sales and technical issues affecting 1.5 million vehicles. The company expects a slight decrease in deliveries, an EBIT margin between 6% and 7%, and a RoCE between 11% and 13%.
BMW's revision of its financial outlook is directly linked to a slump in sales and technical issues affecting a large number of vehicles. This is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100