- BMW has revised its profit margin forecast for 2024 to 6-7%, down from the previous estimate of 8-10%.
- Supply chain disruptions and issues with an integrated braking system are major factors for the downgrade.
- The company also noted weak demand in China and expects a slight decline in deliveries this year.
Munich, September 10 (FinanceFlashNews.com) – German luxury carmaker BMW has unexpectedly downgraded its outlook for 2024 due to ongoing supply chain challenges. The company announced that its profit margin before interest and taxes is now expected to reach only 6-7%, down from the previous projection of 8-10%.
BMW cited several adverse factors, including supply issues and technical complications related to the integrated braking system. Additionally, the company pointed to continued soft demand in China, its largest market, as a reason for the revised forecast. As a result, BMW now expects a slight decline in deliveries for 2024, contrary to its earlier prediction of growth.
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Keywords: BMW, profit margin, supply chain, integrated braking system, China, deliveries decline, automotive industry
