German car manufacturer BMW He recorded a sharp decrease in profits last year. After taking into account taxes The group earned 7.7 billion euro. This 37 percent less than a year earlier and a second violent decline.
In addition to the weakening sales in China, the Munich company also suffered due to problems with brakes purchased from the Continental supplier. The company's turnover has also dropped: EUR 142 billion is a decrease of 8.4 percent.
Declines in Volkswagen and Mercedes Benz
In terms of a decrease in profits BMW is not lonely. Other German giants producing cars – Volkswagen and Mercedes-Benz -also noted similar declines. In Volkswagen, profits fell by 31 percent. up to EUR 12.4 billion, and in Mercedes – by 28 percent up to EUR 10.4 billion. The companies complain, among others on a difficult market in China.
This year BMW expects an increase in demand. Despite the “demanding” situation and recent increases in customs duties imposed by the US, it is expected that profits before taxation will return to the level of 2024. Forecasts regarding profit after BMW does not provide.
(DPA/DOM)
The article comes from the website Deutsche Welle.