Bayerische Motoren Werke AG

BMW: XETR (DEU)

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BMW Earnings: Results In Line With Guidance; Further Margin Pressure Expected in 2026

Rella Suskin , Andrea Burigana

Mar 12, 2026

BMW's 2025 results came within guidance, although fourth-quarter automotive EBIT margin of 3.7% fell short of the 5%-7% full-year target. Automotive free cash flow exceeded expectations at EUR 3.2 billion. Despite foreseeing stable deliveries, management expects some margin deterioration in 2026.

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BMW Earnings: Results In Line With Guidance; Further Margin Pressure Expected in 2026

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