In view of the steadily better profitability with new electric cars, BMW could again reach the strategic margin corridor in the car business in three years.
“We stick to our strategic EBIT target in the car business of 8 to 10 percent,” said CFO Walter Mertl on the occasion of the IAA in Munich. If the framework conditions were right, the DAX group could reach the margin goal in 2028.
In the past quarters, the return among almost all car manufacturers has dropped noticeably due to the increasing competition, the adverse environment in the industry in general as well as customs loads and continued high costs for e-mobility. BMW came to only 6.1 percent operational return in the car business in the first half of the year, but is still located by the competitor Mercedes-Benz.
The BMW Finance board is confident about the lower costs of new models. In this way, a noticeably better return is achieved with the new class and the IX3 presented to the IAA. “With every BMW IX3 that we sell next year, our profitability improves,” said the manager. The new battery package of Generation 6 alone is around 40 to 50 percent cheaper compared to the previous version. “In Germany, the margin of the IX3 50 is already at eye level with the comparable combustion model,” Mertl is confident.
In Xetra trading, the BMW share recently won 0.05 percent to 87.96 euros.
Dow Jones
Selected leverage products on BMW
With knock-outs, speculative investors can participate disproportionately in price movements. Simply choose the desired lever and we will show you suitable open-end products on BMW
The lever must be between 2 and 20
Advertising