Published 2 years ago

BMW joins other carmakers in Ukraine crisis output warning

Summary by Ground News

BMW predicts its earnings before interest and taxation (EBIT) margin in its car segment in a range of 7-9% due to the war's effects on production. The premium carmaker sold a record 2.52 million vehicles last year despite semiconductor shortages. It reported a 10.3% earnings margin for 2021, its highest since 2017.

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Reuters

BMW cuts 2022 profit forecast for car segment due to Ukraine war

BERLIN - BMW lowered its profit margin expectations for its automotive segment for 2022 due to the war in Ukraine, the German carmaker said on Wednesday. BMW Group now predicts growth of earnings before interest and taxation (EBIT) in its car segment in a range of 7-9% due to the war's effects on production. Without the impact of war, the company would have targeted a range of 8-10%,

2 years ago·United Kingdom

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Hindustan Times

Russia-Ukraine war forces BMW to cut its profit outlook, joins other carmakers

Last year, the BMW Group clocked its best year as it sold a record 2.52 million vehicles despite semiconductor shortages. In 2021, BMW had a 10.3% EBIT margin, its highest since in the last five years.

2 years ago·New Delhi, India

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Channel News Asia

BMW cuts car unit profit forecast due to Ukraine war

BERLIN : BMW lowered its profit margin expectations for its automotive segment for 2022 due to the war in Ukraine, the German carmaker said on Wednesday.BMW Group now predicts its earnings before interest and taxation (EBIT) margin in its car segment in a range of 7-9per cent due to the war's effects on p

2 years ago·Singapore

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RTÉ

BMW cuts car unit profit forecast due to Ukraine war

BMW has lowered its profit margin expectations for its automotive segment for 2022 due to the war in Ukraine, the German carmaker said today.

2 years ago·Ireland

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OAN

BMW cuts car unit profit forecast due to Ukraine war

March 16, 2022BERLIN (Reuters) – BMW lowered its profit margin expectations for its automotive segment for 2022 due to the war in Ukraine, the German carmaker said on Wednesday.BMW Group now predicts its earnings before interest and taxation (EBIT) margin in its car segment in a range of 7-9% due to the war’s effects on production. Without the impact of war, the company would have targeted a range of 8-10%, it said. The premium carmaker, wh…

2 years ago·San Diego, United States

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