BMW intends to continue its profitable growth trajectory in the current fiscal year.

All-electric vehicles (BEVs) and models in the premium segment are expected to remain the main growth drivers in 2024 - including BMW 7 Series models, the BMW X7 and the Rolls-Royce model family, with the all-electric Rolls-Royce. Spectrum.

In the automotive segment, due to a slight increase in demand, full availability of new models and upcoming model launches, deliveries of BMW, MINI and Rolls-Royce vehicles are expected to be slightly higher than in the previous year.

The proportion of deliveries of fully electric vehicles is set to increase significantly compared with 2023. EBIT margin in the automotive segment is expected to be in the 8-10% range in 2024.

In the financial services segment, RoE is expected to be between 14 and 17%.

R&D spending and capital expenditure on future projects will peak in the automotive segment in 2024.

' Despite these major investments for our future, we are targeting free cash flow of over six billion euros in the automotive segment in 2024. This testifies to the financial strength of the BMW Group,' said Walter Mertl, Member of the Board responsible for Finance.

' We continue to focus on cost discipline and sustainable profitability - the long-term target range of 8-10% for EBIT margin in the automotive segment remains our benchmark. '

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