BMW Expects Higher Deliveries in 2023 as It Ramps Up Electric, High-End Vehicles
15 Março 2023 - 4:26AM
Dow Jones News
By Pierre Bertrand
BMW AG said Wednesday that it expects its automotive deliveries
to increase in 2023, driven by a ramp-up in battery electric and
high-end vehicles.
The German car maker said it is also targeting an earnings
before interest and taxes margin of between 8% and 10% this year
for its automotive segment. In 2022, the automotive segment EBIT
margin was 8.6%
It added that fully-electric vehicles and higher-end models such
as the new BMW 7 Series are expected to be the main growth drivers
of 2023.
The company said that it expects growth in the mid-double-digit
percentage range in 2023 for its high-end premium vehicle segment
and added that its battery electric vehicle models are likely to
grow in the high double-digit percentage range.
In 2022, deliveries at its automotive segment declined 4.8%
compared with 2021 to 2,399,632 units due to difficulties with
semiconductor components supply, supply chain disruptions and
coronavirus lockdowns in China.
The company confirmed its 2022 results that it pre-released on
March 9 saying it achieved EUR18.58 billion in net profit compared
with EUR12.46 billion in the prior year on revenue that grew 28% to
EUR142.61 billion.
It also reiterated its plan to propose a EUR8.50 per share
dividend.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
March 15, 2023 03:11 ET (07:11 GMT)
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