Bayerische Motoren Werke Third Quarter 2024 Earnings: Revenues Miss Expectations

Bayerische Motoren Werke (ETR:BMW) Third Quarter 2024 Results

Key Financial Results

• Revenue: €32.4b (down 16% from 3Q 2023).
• Net income: €389.0m (down 86% from 3Q 2023).
• Profit margin: 1.2% (down from 7.0% in 3Q 2023). The decrease in margin was driven by lower revenue.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Bayerische Motoren Werke Revenues Disappoint

Revenue missed analyst estimates by 2.8%.

Looking ahead, revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Auto industry in Germany.

Performance of the German Auto industry.

The company's shares are down 3.5% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Bayerische Motoren Werke has 2 warning signs (and 1 which shouldn't be ignored) we think you should know about.

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