BMW Cuts FY26 Automotive EBIT Margin Outlook After Q3 Profit, Deliveries Fall
BMW said lower vehicle deliveries across its portfolio hurt third-quarter revenue and cut its fiscal 2026 Automotive segment EBIT margin outlook.
Story updates
07:45:12 AM UTC
SquawkNews
By Adria CalatayudBMW again cut its annual guidance, warning that its core automotive segment could slide to a loss for a closely watched profitability metric, as the group moves to speed up its restructuring program.With problems mounting for the industry, several European carmakers are shifting u…
MUNICH (dpa-AFX) - German automaker BMW Group (BMW.L, BAMXF.PK, BAMXY.PK) reported Wednesday lower profit in its third quarter, as revenues were hurt by weak vehicle deliveries across the company's portfolio. Further, the company trimmed fiscal 2026 outlook for Automotive segment EBIT margin due to…