(Reuters) – BMW trimmed its guidance for profitability and deliveries on Tuesday, saying it faces headwinds in the automotive segment resulting from delivery stops and technical actions linked to the Integrated Braking System (IBS).
The German carmaker expects its earnings before interest and taxes (EBIT) margin to be between 6% and 7% for 2024, having previously guided for the figure to be between 8% and 10%.
The company also forecasts a slight decrease in deliveries, it said, without providing a specific figure, after having previously expected an increase.
(Reporting by Paolo Laudani, Editing by Rachel More)