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

Dow Jones

Nov 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. (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>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BMW Outlook Uncertain With Limited Detail on Earnings Drivers -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBMW Outlook Uncertain With Limited Detail on Earnings Drivers -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-11-10 21:27</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1327 GMT - BMW's third-quarter report had elements that were encouraging, but the limited detail on certain earnings drivers makes the outlook uncertain, <a href=\"https://laohu8.com/S/HSBC\">HSBC</a> 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) \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\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1231","symbol_name":"综合性银行","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"}}}