business / news / / Reuters
BMW reported first-quarter pretax earnings at 2.3 billion euros ($2.70 billion) Group revenue missed expectations, falling 8.1% to 31 billion euros.
BMW's first-quarter pretax earnings were 2.3 billion euros, beating the 2.2 billion euro forecast.
KEY POINTS
- The core automotive EBIT margin was 5.0%, ahead of the 4.7% expected by analysts.
- BMW avoided job cuts by boosting factory efficiencies and cutting investment, unlike rivals.
- Tariffs, including new EU China EV duties, reduced BMW's car margin by 1.25 percentage points in Q1.
- BMW's guidance excludes a possible increase in U.S. auto tariffs threatened by Donald Trump.
COMPANIES
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