logo
  

BMW Q1 Profit Surges - Quick Facts

German luxury carmaker BMW AG (BMW.L,BAMXF.PK,BAMXY.PK) reported that its first-quarter group net profit surged to 2.83 billion euros or 4.26 euros per share from 574 million euros or 0.84 euros per share in the prior year.

Group profit before tax improved to 3.76 billion euros from 798 million euros last year.

Group revenues grew by 15.2% to 26.78 billion euros from last year's 23.25 billion euros, while it was up 18.9% on adjusted for currency factors.

Worldwide deliveries of BMW brand vehicles were 560,543 units compared to 411,809 units last year.

By 2025, the BMW Group plans to have some two million fully electric vehicles on roads worldwide, also putting it firmly on track from a strategic perspective to achieve the EU's ambitious decarbonisation targets by 2030.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Chinese HR firm 51job, Inc. (JOBS) announced Monday that it has entered into a definitive Agreement and Plan of Merger with Garnet Faith Limited, pursuant to which, and subject to the terms and conditions thereof, Garnet Faith will merge with and into 51job, with 51job being the surviving company, in... Priceline, affiliated to Booking Holdings Inc., is launching Fourth of July Freedom sale with bigger savings on flights, hotels and rental cars for the upcoming summer travel season. The company, which offers exclusive discounts on hotels, flights, alternative accommodations, rental cars, cruises and packages, said the two-week Freedom Sale will feature special discounts and promotions. Cuisine Solutions is recalling its JUST Egg flavored plant-based "bites" products due to undeclared allergens, the U.S. Food and Drug Administration said. The recall involves a limited number of 2-pouch retail packages that may contain an incorrect sealed pouch containing whole-egg and milk products, known allergens.
Follow RTT