BMW's margins under pressure - headwinds in China

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BMW's margins under pressure - headwinds in China
Photo: Matthias Schrader AP/TT

Operating profit fell 36 percent compared with the first quarter, to 2.0 billion euros. This compares with an average forecast of 2.2 billion euros, according to Bloomberg.

BMW's sales revenue in the quarter fell 8 percent to 31.0 billion euros.

But BMW confirms its forecast for 2026 and expects that the disruptions from the war in the Middle East will not be long-lasting.

BMW's headwind in China is explained by the fact that major Chinese brands such as BYD, Xiaomi and Huawei have begun launching more premium models.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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