- Bayerische Motoren Werke AG St
- 06 May 2026 15:06:02
Source: Sharecast
Pre-tax earnings came in at €2.3bn, beating forecasts of €2.2bn in a company-complied consensus, but still down 24.6% on the same period a year ago. Shares in the firm were up 7% in European trade.
US President Donald Trump last week threatened to increase the levy on European Union auto imports to 25% from 15%, although BMW executives believed this was a bargaining tactic to make sure the EU held up its end of a trade deal with Washington.
Net profit for the quarter fell to €1.62bn from €2.10bn, BMW said, while operating profit slumped 36% to €2bn – lower than the €2.26bn forecast by analysts.
China sales fell 10.0% to 144,000 units, but this drop was less pronounced than the significantly sharper contraction of the overall market, which was affected by the discontinuation of electric vehicle subsidies, the company said.
Reporting by Frank Prenesti for Sharecast.com