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BMW’s full-year 2017 automotive margin remains stuck at 8.9%, but its capital expenditure jumped 22.1 per cent to a record €7.1bn. “Our future” said BMW CEO Harald Krüger when presenting last year’s group results “is definitely electric”. For the current year BMW expects a slight rise in both deliveries and revenue, accompanied once more by an EBIT margin in the 8-10 per cent target corridor. The projected “slight increase in [2018] deliveries” is due to projected growth in China and the US in particular, the company said
BMW automotive, one of the world’s leading manufacturers of both desirable and high-image cars, completed this past year with a 4.1 per cent increase in global sales to 2.46m units, including the cars made as far afield as China and the US.
A more modest 2.5 per cent rise in last year’s global sales revenue to €88.6bn generated a slender 2.2 per cent rise in automotive pre-tax earnings to €7.86bn from €7.7bn in the previous year...
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