Where can I find BMW’s financial reports?
The Management Report of BMW AG is combined with the Group Management Report and published in the BMW Group Report 2023. The Annual Financial Statements and Management Report of BMW AG are also available on the BMW Group’s website at ↗ www. BMW issued a profit warning, citing Chinese volume struggles. BMW shares slumped on Tuesday, falling 7%, after the German automaker said volumes in China were below expectations and that the U. S. European Union tariff agreement has yet to materialize.BMW posts 37% drop in annual net profit, warns of ‘subdued’ Chinese demand. BMW’s net profits slumped by more than a third in 2024, flagging continuing subdued demand in the Chinese market. Net profit for the year fell by an annual 36. LSEG forecast.The BMW Group once again recorded a robust financial performance in financial year 2023, meeting – and in some cases even exceeding – all its objectives. With deliveries increasing by 6. EBIT margin of 9. Group achieved the targets that were increased in August.
Who owns 50% of BMW?
While half of the company is owned by the public, the other half is owned by the Quandt family, who have been long-time BMW shareholders. Here is the breakdown of ownership: 29% = Stefan Quandt: A German industrialist and engineer. Susanne Klatten: Successful investor and sister to Stefan Quandt. In 2018, Quandt became BMW’s largest single shareholder when his direct ownership increased with shares inherited from his mother, giving him a so-called “blocking stake” of 25. He currently is deputy chairman of the BMW supervisory board.The BMW Group is an incorporated entity owned by shareholders. Half of the BMW Group is owned by the Quandt family, who are long-time shareholders, and the other half is owned by the public.In German, the company’s full name is Bayerische Motoren Werke Aktiengesellschaft, and the primary shareholders are as follows: The Quandt Family: Stefan Quandt owns 29% of BMW AG, while Susanne Klatten (Quandt’s sister), owns another 21%.The BMW Bank GmbH is a finance service and a company of the BMW Group. The company known under BMW Group Financial Services was founded in 1971 in Munich, Germany.The acronym BMW stands for Bayerische Motoren Werke GmbH, which roughly translates to the Bavarian Engine Works Company. The name harks back to the company’s origin in the German state of Bavaria. It also indicates BMW’s original product range: engines for various applications.