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BMW Q4 Results Down, Cuts Dividend; Sees Flat Earnings, Higher Volume In FY25
German luxury automaker BMW Group reported Friday lower profit and revenues in its fourth quarter hit mainly by weak Automotive deliveries, despite growth in Rolls-Royce. The company also trimmed its dividend, and issued fiscal 2025 outlook, expecting stable Group earnings before taxes, but slight growth in sales volume amid continuing subdued demand in the Chinese market.
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165 dagar sedan
BMW Stock Hits On Weak Q3 Profit, Volume; Backs FY24 View
Shares of BMW Group were losing around 5 percent in the morning trade on Germany's XETRA after the luxury auto major reported Wednesday sharply lower profit and revenues in its third quarter with weak volume in all regions, mainly in China. Further, BMW Group confirmed its recently adjusted fiscal 2024 guidance. According to the firm, delivery stops related to the supplied Integrated Brake System
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293 dagar sedan
BMW Backs FY24 Profit View After Q2 Results Drop; Stock Down
Shares of BMW Group were losing around 2 percent in the German trading after the automajor reported Thursday weak profit, revenues and deliveries in its second quarter. Looking ahead for fiscal 2024, the company continues to expect Group profit before tax to decrease slightly due to higher manufacturing and fixed costs.
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390 dagar sedan
BMW Q4 Results Climb; Cuts Dividend, Sees Weak Earnings In FY24
German automajor BMW Group reported Thursday higher profit in its fourth quarter as strong demand boosted its revenues. Meanwhile, net earnings in fiscal 2023 were lower, and the firm trimmed its dividend. For fiscal 2024, the company projects slight decrease in earnings before tax for the Group, and an Automotive EBIT margin of 8-10 percent, compared to prior year's 9.8 percent.
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523 dagar sedan
BMW Q3 Profit Climbs, Backs FY22 View; Stock Down
German luxury carmaker BMW AG reported Thursday higher profit and sales in its third quarter benefited by strong pricing, despite weak margin and slight drop in Automotive deliveries. Looking ahead, the company maintained fiscal 2022 forecast for significantly higher earnings, and slightly lower sales with weak deliveries. In Germany, BMW shares were losing around 4 percent in the morning trading.
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1027 dagar sedan
BMW Group To Use Maritime Plastic Waste To Produce Visible Vehicle Trim Parts
German luxury carmaker BMW AG (BMW.L, BAMXF.PK, BAMXY.PK) announced Tuesday that it will use maritime plastic waste to produce visible trim parts, which is expected to reduce CO2 emissions or carbon footprint by 25 percent compared to conventionally manufactured components. The new initiative is developed in cooperation with the Danish company PLASTIX.
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1078 dagar sedan
