{"id":137850,"date":"2025-03-14T22:09:01","date_gmt":"2025-03-14T22:09:01","guid":{"rendered":"https:\/\/www.africa-press.net\/kenya\/all-news\/bmws-annual-net-profit-down-nearly-37-in-2024-amid-rising-competition"},"modified":"2025-03-17T06:48:17","modified_gmt":"2025-03-17T06:48:17","slug":"bmws-annual-net-profit-down-nearly-37-in-2024-amid-rising-competition","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/all-news\/bmws-annual-net-profit-down-nearly-37-in-2024-amid-rising-competition","title":{"rendered":"BMW’s annual net profit down nearly 37% in 2024 amid rising competition"},"content":{"rendered":"

Africa-Press – Kenya. <\/strong><\/span>German carmaker BMW Group’s annual net profit dove 36.9% in 2024, amid “continuing subdued demand in the Chinese market,” according to the company’s financial report on Friday.<\/p>\n

The company’s annual net profit fell to \u20ac7.68 billion ($8.32 billion) which was in line with a London Stock Exchange Group’s (LSEG) forecast.<\/p>\n

BMW’s revenues totaled \u20ac142.3 billion in 2024, down 8.4% year-on-year from the previous year’s \u20ac155.4 billion.<\/p>\n

The automaker stated that it anticipates a 5% to 7% earnings margin for automobiles in 2025, up from 6.3% the previous year, but it also pointed out that the imposition of tariffs is expected to have a detrimental effect on earnings in the upcoming year.<\/p>\n

\u201cA challenging competitive environment and macroeconomic, trade and geopolitical developments could all have a significant impact on business performance,\u201d a company statement said.<\/p>\n

BMW sold about 2.45 million units last year, which is a little less than the 2.55 million it sold in 2023.<\/p>\n

\u201cWhat has always set the BMW Group apart is our ability to maintain our course, even in challenging conditions. We remain clearly focused on two things \u2013 our near term performance and our long-term perspective,\u201d said BMW Group’s CEO Oliver Zipse.<\/p>\n

For More News And Analysis About Kenya<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Kenya. German carmaker BMW Group’s annual net profit dove 36.9% in 2024, amid “continuing subdued demand in the Chinese market,” according to the company’s financial report on Friday. The company’s annual net profit fell to \u20ac7.68 billion ($8.32 billion) which was in line with a London Stock Exchange Group’s (LSEG) forecast. BMW’s revenues […]<\/p>\n","protected":false},"author":84,"featured_media":137849,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,9],"tags":[14297,14298,8852,14296,544,14146,4431,14025],"class_list":["post-137850","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-miscellaneous","tag-annual-earnings","tag-annual-financial-report","tag-bmw","tag-bmw-group","tag-kenya","tag-profits","tag-revenues","tag-tariffs"],"yoast_head":"\nBMW's annual net profit down nearly 37% in 2024 amid rising competition - kenya<\/title>\n<meta name=\"description\" content=\"German carmaker BMW Group's annual net profit dove 36.9% in 2024, amid "continuing subdued demand in the Chinese market, ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/all-news\/bmws-annual-net-profit-down-nearly-37-in-2024-amid-rising-competition\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BMW's annual net profit down nearly 37% in 2024 amid rising competition\" \/>\n<meta property=\"og:description\" content=\"German carmaker BMW Group's annual net profit dove 36.9% in 2024, amid "continuing subdued demand in the Chinese market, ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/kenya\/all-news\/bmws-annual-net-profit-down-nearly-37-in-2024-amid-rising-competition\" \/>\n<meta property=\"og:site_name\" content=\"kenya\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-14T22:09:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-03-17T06:48:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2025\/03\/sm_1741983104.088265.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"864\" \/>\n\t<meta property=\"og:image:height\" content=\"486\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/bmws-annual-net-profit-down-nearly-37-in-2024-amid-rising-competition#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/bmws-annual-net-profit-down-nearly-37-in-2024-amid-rising-competition\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"BMW’s annual net profit down nearly 37% in 2024 amid rising competition\",\"datePublished\":\"2025-03-14T22:09:01+00:00\",\"dateModified\":\"2025-03-17T06:48:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/bmws-annual-net-profit-down-nearly-37-in-2024-amid-rising-competition\"},\"wordCount\":210,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/bmws-annual-net-profit-down-nearly-37-in-2024-amid-rising-competition#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2025\/03\/sm_1741983104.088265.jpg\",\"keywords\":[\"Annual earnings\",\"Annual Financial Report\",\"BMW\",\"BMW Group\",\"Kenya\",\"profits\",\"Revenues\",\"tariffs\"],\"articleSection\":[\"all news\",\"miscellaneous\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/all-news\/bmws-annual-net-profit-down-nearly-37-in-2024-amid-rising-competition#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/bmws-annual-net-profit-down-nearly-37-in-2024-amid-rising-competition\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/bmws-annual-net-profit-down-nearly-37-in-2024-amid-rising-competition\",\"name\":\"BMW's annual net profit down nearly 37% in 2024 amid rising competition - 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