FSE$BMWKY

Bayerische Motoren Werke Aktiengesellschaft · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

BMW reported a significant decline in Q4 2024 earnings, with revenue and net profit falling sharply due to weaker sales and margin compression.

BMW's Q4 2024 earnings showed a steep decline in revenues and profits compared to the previous year. The company faced headwinds from the Chinese market, supply chain challenges, and increased costs. Despite these challenges, BMW remains committed to future growth with its NEUE KLASSE lineup and investments in electrification.

  • Q4 revenue fell to €36,416 million, down 15.2% year-over-year.
  • Net income dropped to €1,546 million, reflecting a 40.9% decline.
  • EPS decreased to €2.41 from €3.77 in Q4 2023.
  • EBIT declined by 57.3% to €1,882 million, impacted by higher costs and lower sales.

Headline financials

Total Revenue

€37.8B

Previous: €43B-12.0%
EPS (adj)

€2.51

Previous: €3.77-33.4%
Gross Profit Margin

16.1%

Previous: 19.1%-15.7%
Pre-tax Return on Sales

5.8%

Previous: 8.6%-32.6%
Post-tax Return on Sales

4.2%

Previous: 6.1%-31.1%
Free Cash Flow

€5.24B

No prior period
Net Income

€1.61B

Previous: €2.39B-32.7%
Operating Income

€1.96B

Previous: €4.44B-56.0%
Gross Profit

€17.8B

Previous: €7.86B+125.9%
Cash & Equivalents

€20B

No prior period
Total Assets

€278B

No prior period

Revenue & EPS history

BMW · Revenue · Quarterly

€37.8B

Q4 2024-12%vs Q4 2023
Beat estimate in 6 of 12 quarters(50%)
ActualEstimate

Revenue by segment

BMW · €46.4B total across 3 segments · Q4 2024

  • Automotive
    €35.4B-5.1%
  • Financial Services
    €10.4B+8.9%
  • Motorcycles
    €683M+6.2%

Forward guidance

BMW expects a moderate recovery in sales for 2025, driven by new product launches and cost reductions, but macroeconomic risks and high interest rates remain concerns.

Tailwinds

  • New BMW iX3 launch expected to drive sales in the NEUE KLASSE lineup.
  • Continued investment in electrification and future mobility solutions.
  • Operational efficiency improvements expected to boost margins.
  • European market remains a key area of growth.
  • Stable financial services segment contributing to overall stability.

Headwinds

  • Weak demand in China continues to be a major challenge.
  • Higher tariffs impacting profitability in key markets.
  • Supply chain disruptions pose continued risks.
  • Elevated R&D and capital expenditures reducing near-term profitability.
  • Potential currency fluctuations adding uncertainty to financial results.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

+0.3%

Avg return

Earnings day

+0.8%

Avg return

5 days after

+1.4%

Avg return

30 days after

57%

34 / 60 earnings

Positive

+4.7%

Q1 2011

Best reaction

-8.6%

Q3 2011

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2024-0.2%+1.7%-13.5%
Q3 2024-2.8%-2.4%-8.8%
Q2 2024+0.2%+0.8%-1.0%
Q1 2024-0.6%+5.6%-5.7%
Q4 2023+1.2%-1.3%-7.7%
Q3 2023+0.1%-1.8%-8.1%
Q2 2023+0.9%+0.9%+1.3%
Q1 2023-0.4%-1.7%+2.0%
Q4 2022+2.4%+5.2%+11.2%
Q3 2022+2.9%+4.3%+16.9%
Q2 2022-1.1%-4.2%+5.0%
Q1 2022-3.3%-5.2%-9.0%
Q4 2021+1.3%+7.0%+3.4%
Q3 2021+0.0%-0.6%+3.6%
Q2 2021-0.7%-1.7%-8.6%
Q1 2021+1.3%+3.7%-3.8%
Q4 2020-1.4%-1.3%-3.9%
Q3 2020+1.5%+4.3%-5.5%
Q2 2020+0.7%+1.7%+5.2%
Q1 2020+0.1%-5.6%+15.4%
Q4 2019+1.9%+1.0%-10.0%
Q3 2019-0.8%-1.1%+11.4%
Q2 2019+0.8%+2.1%+1.0%
Q1 2019+2.9%+4.2%+10.4%
Q4 2018-1.9%+1.7%+4.7%
Q3 2018+0.9%-0.8%-3.4%
Q2 2018+0.0%+4.4%+7.1%
Q1 2018+0.9%-0.4%+2.2%
Q4 2017-1.0%+2.7%+10.6%
Q3 2017+0.1%+2.5%+0.4%
Q2 2017+0.5%-2.1%-3.5%
Q1 2017-0.1%-3.3%+4.4%
Q4 2016+1.1%+2.6%-0.7%
Q3 2016+4.2%+7.1%+6.8%
Q2 2016+3.9%-1.8%+17.3%
Q1 2016-3.5%
Q4 2015-5.1%
Q3 2015-0.4%
Q2 2015-0.1%
Q1 2015-1.1%
Q4 2014-1.8%
Q3 2014-1.5%
Q2 2014+1.0%
Q1 2014-0.4%
Q4 2013-0.4%
Q3 2013+0.2%
Q2 2013+1.9%
Q1 2013+1.4%
Q4 2012+3.1%
Q3 2012-0.3%
Q2 2012+0.1%
Q1 2012+1.1%
Q4 2011+2.6%
Q3 2011-8.6%
Q2 2011-1.1%
Q1 2011+4.7%
Q4 2010+3.8%
Q3 2010+3.9%
Q2 2010+0.5%
Q1 2010+4.1%

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