German BMW profit falls 24% to 4.3 billion until September

BMW reported a 24% drop in profits to €4.32 billion by September, with revenues decreasing by 7.3% to €92.7 billion. The decline in sales, particularly in China, significantly impacted the automotive division, which saw a 43.8% profit drop. The CEO, Milan Nedeljkovic, emphasized the need for decisive actions and plans to accelerate the transition to a new generation of electric vehicles, known as the New Class. This shift aims to enhance long-term competitiveness and profitability. The operational margin in the automotive division fell to 3.4%, and profit forecasts for 2026 have been revised downwards, anticipating lower delivery volumes and a narrower operational margin.