BMW has cut its profit guidance for 2026 as the disruption caused by the Iran war added to European carmakers’ struggles in the Chinese market.
The Munich-based auto manufacturer was forecasting a “significant” decrease in its pre-tax profits this year, it said on Tuesday. BMW had previously forecast profits before tax to fall moderately from last year’s figure of €10.2bn.
BMW said it also expected the operating margin in its automotive division to be between 1-3 per cent this year, far below its previous guidance of 4-6 per cent.
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