BMW's Financial Performance in 2024

The BMW Group announced a significant downturn in its financial performance for the fiscal year 2024, with revenues falling by 8.4% to €142.4 billion compared to the previous year.

Profit and Deliveries Decline

Net profit also saw a sharp decline, dropping by 36.9% year-over-year to €7.7 billion. Earnings per share per common stock decreased by 34.2%, settling at €11.64. The automotive segment experienced a 4% drop in deliveries, totaling 2,450,854 units.

Looking Ahead: The NEUE KLASSE Initiative

Despite the challenges, BMW remains optimistic about the future. "We have ambitious plans for 2025 and beyond, especially with the upcoming launch of the NEUE KLASSE. This initiative is expected to be a pivotal moment in BMW's history," stated Norbert Reithofer, Chairman of the Supervisory Board of BMW AG. The company is committed to adapting dynamically to changes and focusing on long-term success through innovative products and a balanced approach to value creation.