CEO Milan Nedeljković stated that BMW will adapt its structures and processes to these drastic market conditions.German carmaker BMW lowered its outlook for 2026, saying on Tuesday it expected a significant drop in group profit compared to last year due to an accelerated downturn in the Chinese market and the impact of the Iran war.
The company now expects an EBIT margin in its core automotive segmentof between 1 per cent to 3 per cent, down from its previous expectation of 4 per cent to 6 per cent.
It now expects a slight decrease in core deliveries, having previously forecast deliveries on par with 2025.
“We will adapt our current structures and processes to the drastic downturn in market conditions,” said CEO Milan Nedeljković, who took on the role last month.
The premium carmaker will “significantly intensify and accelerate our ongoing measures”, he added.
Frankfurt-listed shares in BMW were 5.4 per cent lower at 1620 GMT.
