BMW Warns of Continued Challenges Amid Profit Decline and Trade Tensions
BMW has reported a 37% drop in net profit for 2024, totaling 7.7 billion euros, along with an over 8% decrease in revenues to 142.4 billion euros. The company anticipates ongoing challenges into 2025 due to trade tensions and weak demand in China.
BMW, the renowned German premium car manufacturer, has issued a caution regarding potential challenges in 2025, attributing these concerns to ongoing trade tensions and a decline in demand within the Chinese market. The firm’s financial report indicates that for the year 2024, net profits experienced a significant decrease of 37 percent, amounting to 7.7 billion euros, equivalent to approximately 8.3 billion dollars. Furthermore, the company’s revenues also declined by over eight percent, totaling 142.4 billion euros.
In summary, BMW is foreseeing potential difficulties ahead due to trade issues and reduced demand in China, as evidenced by their substantial profit and revenue declines in 2024. The company remains alert to the implications of these external factors on its future performance, especially as they navigate through turbulent economic conditions.
Original Source: www.kten.com
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