BMW Q1 net profit 2.951 bln eur, down 19.4% -2-
Sees FY automotive free cash flow above 6 bln eur (Il Sole 24 Ore Radiocor) - Berlin, 08 May - For 2024, BMW expects net impact of volume, product mix and price to be slightly positive against the previous year.
For the full year, the group is targeting a free cash flow in the automotive segment above 6 billion euros, despite peak investments in research and development and capital expenditure.
BMW expects slight growth in customer deliveries worldwide in 2024 and earnings before tax are forecast to decrease slightly, due to higher manufacturing and fixed costs.
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(RADIOCOR) 08-05-24 08:29:21 (0169) 5 NNNN