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BMW’s annual automotive margin barely beneath expectations, cuts dividend By Reuters


© Reuters. FILE PHOTO: The emblem of German automaker BMW is seen in Brussels, Belgium June 1, 2023. REUTERS/Yves Herman/FILE PHOTO

(Corrects to learn “in 2023” (not “within the quarter”), paragraph 2)

(Reuters) – BMW (ETR:) reported a better annual margin in its core automotive section on Thursday, pushed by full consolidation of its Chinese language three way partnership BMW Brilliance Automotive (BBA) and higher gross sales volumes.

The carmaker’s margin on earnings earlier than curiosity and taxes (EBIT) was 9.8% in 2023, versus 8.9% anticipated within the company-provided consensus.

(This story has been corrected to alter ‘within the quarter’ to ‘in 2023’ in paragraph 2)



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