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For the full year, the Munich-based group continues to expect a 7-9% return in the automotive sector, despite steadily rising energy costs and commodity prices.
According to the announcement, sales in the three months increased by 16 percent to 31.14 billion euros. EBIT increased by 12% to 3.39 billion euros. In the automotive segment, BMW achieved an EBIT of 2.37 (previous year: 2.24) billion euros. The group also achieved particularly high growth thanks to the good performance of new and used car prices in the financial services sector: EBIT increased by a quarter to 966 million euros.
According to more information, BMW earned much more after-tax in the group with € 10.19 billion, after € 2.83 billion had been achieved the previous year. The reason for this is the full consolidation of the Chinese business.
In XETRA trading, BMW shares temporarily increased by 0.92% to EUR 80.20.
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