BMW registered a profit of 3,662 million euros until March, 64% less than in the first quarter of 2022, when it obtained extraordinary income from the revaluation of its participation in joint project China BBA, the automaker announced Thursday.
In a statement, BMW also said that operating profit (Ebit) increased by 58.5% in the first quarter of this year, to 5.375 million euros, after prices stabilized and more expensive and profitable models were sold. .
Turnover, for its part, increased to 36,853 million euros (+18.3%), despite the drop in car deliveries to 588,138 units (-1.5%).
However, sales of electric cars registered a year-on-year increase of 83.2% until Marchto 64,647 units, compared to the same quarter last year.
Later this year, what BMW launch the new electric BMW i5 and BMW iX2thus having at least one electric model in all series.
The automotive division improved its operating profitability to 12.1% in the analyzed period, compared to the 8.9% reached in the first quarter of 2022.
BMW also intends to buy back shares worth another 2 billion euros by the end of 2025.
Until the middle of this year, BMW decided to buy back shares worth up to 2 billion euros.
BMW also expects to achieve an operating profit margin in the automotive segment of between 8 and 10% in 2023.
Source: Observadora
