(Reuters)-BMW expects its profits before taxes in the fourth quarter are less than last year, and for the entire year margins in the minimum of its goal of 6-7 %, according to the segments of the post on the car site on the car site on Tuesday.
Inflation and fixed costs from the relaxation stocks reached its profits in the past three months, according to the segments published on its website, which led to a decrease in the margin on an annual basis against the levels of last year.
The slides were presented during a call with investors that were not open to the press during a closed period of the company’s information before its annual results, which will be issued on March 14.
BMW reduced its view of 6-7 % from 8-10 % in September and reported a 61 % decrease in its profits in the third quarter last year, and lost analysts’ expectations due to a decrease in sales and brake problems in China.
(Participated in Victoria and Al -Darssi, edited by Miranda Murray)
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