BMW Outlook Uncertain With Limited Detail on Earnings Drivers -- Market Talk

Dow Jones

11/10

1327 GMT - BMW's third-quarter report had elements that were encouraging, but the limited detail on certain earnings drivers makes the outlook uncertain, HSBC analysts write. Several hundred million euros of free-cash-flow headwind haven't yet been explained by the company, the bank says. It is also unclear to what degree a 900 million-euro tailwind attributed to manufacturing and material cost savings is repeatable. BMW's peers have explicit plans to address low margins, with most cutting headcount, HSBC says. However, despite delivering auto margins that are below its strategic range of 8%-10%, BMW hasn't really mapped out the path back to that level. "As it stands, we see auto margins languishing in the 5%-7% range for the next few years." Shares rise 1% to 87 euros. (dominic.chopping@wsj.com)

(END) Dow Jones Newswires

November 10, 2025 08:27 ET (13:27 GMT)

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Several hundred million euros of free-cash-flow headwind haven't yet been explained by the company, the bank says. It is also unclear to what degree a 900 million-euro tailwind attributed to manufacturing and material cost savings is repeatable. BMW's peers have explicit plans to address low margins, with most cutting headcount, HSBC says. However, despite delivering auto margins that are below its strategic range of 8%-10%, BMW hasn't really mapped out the path back to that level. \"As it stands, we see auto margins languishing in the 5%-7% range for the next few years.\" Shares rise 1% to 87 euros. 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Several hundred million euros of free-cash-flow headwind haven't yet been explained by the company, the bank says. It is also unclear to what degree a 900 million-euro tailwind attributed to manufacturing and material cost savings is repeatable. BMW's peers have explicit plans to address low margins, with most cutting headcount, HSBC says. However, despite delivering auto margins that are below its strategic range of 8%-10%, BMW hasn't really mapped out the path back to that level. \"As it stands, we see auto margins languishing in the 5%-7% range for the next few years.\" Shares rise 1% to 87 euros. (dominic.chopping@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 10, 2025 08:27 ET (13:27 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0516422440.USD","symbol_name":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"A\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2582710828","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2582710828","pubTimestamp":1762781220,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1327 GMT - BMW's third-quarter report had elements that were encouraging, but the limited detail on certain earnings drivers makes the outlook uncertain, HSBC analysts write. Several hundred million euros of free-cash-flow headwind haven't yet been explained by the company, the bank says. It is also unclear to what degree a 900 million-euro tailwind attributed to manufacturing and material cost savings is repeatable. BMW's peers have explicit plans to address low margins, with most cutting headcount, HSBC says. However, despite delivering auto margins that are below its strategic range of 8%-10%, BMW hasn't really mapped out the path back to that level. \"As it stands, we see auto margins languishing in the 5%-7% range for the next few years.\" Shares rise 1% to 87 euros. 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Several hundred million euros of free-cash-flow headwind haven't yet been explained by the company, the bank says. It is also unclear to what degree a 900 million-euro tailwind attributed to manufacturing and material cost savings is repeatable. BMW's peers have explicit plans to address low margins, with most cutting headcount, HSBC says. However, despite delivering auto margins that are below its strategic range of 8%-10%, BMW hasn't really mapped out the path back to that level. \"As it stands, we see auto margins languishing in the 5%-7% range for the next few years.\" Shares rise 1% to 87 euros. (dominic.chopping@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 10, 2025 08:27 ET (13:27 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}