BMW Expects To Boost Profit Margins In 2023 Once Supply Chains Stabilize
BMW production chief Milan Nedeljkovic told Automotive News the automaker expects to become more profitable next year once part shortages end.
BMW production chief Milan Nedeljkovic told Automotive News the automaker expects to become more profitable next year once part shortages end.
BMW lifted its annual profit margin forecast to between 9.5% and 10.5% from 7% to 9% previously forecasted.
BMW’s first-quarter operating profit fell 78 percent to 589 million euros, despite higher deliveries of luxury vehicles, spending 1.4 billion euro on legal provision
BMW is expecting increased overhead costs to increase considerably in 2019, due to the uncertain economic conditions caused by trade disagreements
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BMW said its earnings and sales rose in the second quarter, helped by demand in China. Net profit after minorities was 2.19 billion euros
The BMW Group continued to perform well during the first three months of 2015, with sales volume, revenues, profit before financial result and profit before tax