• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

BMW lifts annual profit forecast to 9.5%-10.5%

September 30, 2021 by David Barret Leave a Comment

September 30, 2021

BERLIN (Reuters) – BMW lifted its annual profit margin forecast to between 9.5% and 10.5% from 7% to 9%, the company said in an ad hoc statement on Thursday, as higher prices for new and used vehicles outweigh the effect of supply chain issues.

The carmaker also lifted its forecast for return on equity of financial services segment to 20%-23% from 17%-20% and said it expects free cash flow in its automobile segment of approximately 6.5 billion euros.

“Whilst the semiconductor supply restrictions are expected to further impact production and deliveries to customers in the coming months, BMW AG expects that the continuing positive pricing effects for both new and pre-owned vehicles will overcompensate these negative sales volume effects in the current financial year,” the company said.

BMW is due to report results on November 3.

(Reporting by Victoria Waldersee)

Source Link BMW lifts annual profit forecast to 9.5%-10.5%

David Barret
David Barret

Related posts:

  1. Soccer-Liverpool working to get midfielder Keita back from Guinea following coup
  2. U.N. footage from northern Ethiopia shows humanitarian crisis
  3. Factbox-Trump’s revenge endorsements drive Republican congressman from race
  4. Web host Epik was warned of a critical website bug weeks before it was hacked

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • Ig Nobel-Winning “Butt-Breathing” Technique Moves One Step Closer To Saving Lives
  • What Is The Oldest Religion In The World?
  • This Mini Dragon Is One Of The World’s Rarest Amphibians With Just 150 Individuals Living In One Lake
  • “Alien Mothership” Hypothesis About To Have Key Test As Interstellar Object 3I/ATLAS Hits Solar Conjunction And Perihelion
  • 18 Of These Rare Mammals Live In The Wild. Have We Reached A Turning Point In Their Return To The US?
  • How Comet 2P/Encke Caused “Halloween Fireballs” To Rain Down On The Earth
  • US Flight Potentially Hit By Space Debris – What Are The Chances That The Claim Is Correct?
  • Hormone Therapy For Trans Women Shifts Dozens Of Proteins To Align With Their Gender Identity
  • People Are Not Reacting Well After Learning How Cranberries Are Grown
  • The World’s Newest Great Ape Is Also Its Rarest, With Fewer Than 800 Left In The Wild
  • IFLScience We Have Questions: Can Burying Scientists Alive In The Snow Help Us Protect Polar Bears?
  • Scientists Perplexed By 407-Million-Year-Old Fossilized Plant That Doesn’t Follow The Fibonacci Sequence
  • This Giant Goldfish Hybrid Weighs As Much As A 10-Year-Old – A Stark Warning About Dumping Pets
  • Scientists Gave Mice Neanderthal And Denisovan Genes. The Results Were Intriguing
  • 2024 Saw Higher Levels Of Carbon Dioxide In The Atmosphere Than Ever Before
  • Halloween Fireballs Will Grace Our Skies As The Taurid Meteor Showers Arrive
  • Newly Discovered Hunting Megastructures Suggest Pre-Bronze Age Societies More Sophisticated Than Previously Thought
  • What Is Spectroscopy And Why Is It So Important To Science?
  • Parkinson’s “Trigger” Seen For The First Time: Scientists Image The Toxic Molecules Inside The Human Brain
  • What Flying Animals Exist That Are Not Birds?
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version